Questions tagged [cash]

For questions relating to paying in cash, cash deposits, accepting cash, cash on financial statements, etc.

Filter by
Sorted by
Tagged with
4
votes
2answers
562 views

What are the disadvantages of keeping a small part of your assets as cash in a safe deposit box?

In Switzerland, banks do rent out safe deposit boxes for valuables. I am thinking of storing a small fraction of my assets there as cash. To diversify my portfolio, in addition to a savings account at ...
3
votes
2answers
174 views

What paperwork do I need to sell a car for $30k cash in New Jersey and deposit the proceeds into my bank account?

I am selling my car to an individual who wishes to purchase the car from me for 30k in cash. I asked for a check instead but they stated they only have cash. What sort of paperwork would I need to ...
1
vote
0answers
83 views

How can I automate recurring cash payments to an individual?

(US-based question) I currently give cash to several people on a regular basis: small cash gifts to help out unemployed relatives, tutors for my child, neighbors' children doing some yard work, and so ...
0
votes
1answer
65 views

How do I budget with cash surplus spending in mind? [closed]

I'm setting up a budget for my small business. We have been accumulating cash, but have not been budgeting up to this point, so are trying to get everything in order. I've created a conservative ...
-2
votes
1answer
208 views

What can you do if money is missing/stolen from a wallet?

I have found out just now that my mother has lost a decent lump of money (in my terms, $55 to $70) and it couldn't have just randomly disappeared. I am kind of concerned as my mother is and kind of ...
0
votes
1answer
57 views

Asset allocation and keeping cash as an asset in a foreign currency?

I already have an emergency fund with which I am comfortable with and no debts. The emergency fund is in euros, my local currency. This question concerns the asset allocation of my investment ...
1
vote
1answer
67 views

Trading for less the value of cash and cash equivalent

What means when investors says the stock trade for less of cash and cash equivalents. Some times they say trades less than book value or assets. Can you make me an example with real stock? How this is ...
0
votes
1answer
120 views

A car dealer filed an 8300 form with the IRS after I made a large cash down payment on a car. Do I need to do anything about it?

I made a $10,000 cash down payment for car I bought 2 weeks ago. The dealer send me copy of form 8300 they filled for that transaction. What happened next? *Mod Note: Form 8300 is a form to "...
16
votes
4answers
4k views

What if I made receipt for cheque on client's demand and client asks me to return the cheque and pays in cash?

My client gave me a cheque where I gave him the receipt for it's acknowledgement. Now my client tells me to return the cheque and is willing to pay with cash. How to edit the receipt or is there any ...
26
votes
8answers
5k views

Is it wise to keep some savings in a cash account to protect against a long term market crash?

My wife and I have half our savings in a low risk diversified account (WealthFront - mostly bonds, some stocks). We have the other half in a high interest cash savings account (0.35% interest). Our ...
1
vote
1answer
83 views

Out of money option not worthless at the expiration

I just started selling the cash secured puts. I was under the impression that all options unless in the money expire worthless on the expiration day but apparently that's not the case. I had sold a ...
0
votes
0answers
37 views

Do I need to pay tax with glamour rewards [duplicate]

I received few thousands from glamour rewards, it's cash back when I buy some stuff in the internet. My question is do I need to pay tax for that money? I didn't received any 1099 form, I guest I don'...
0
votes
1answer
167 views

Cash flow Analogy

I want to understand and/or get a more intuitive feeling of different financial terms from financial statement by comparing it to persons salary. I have tried to come up with an analogy, as to how I ...
4
votes
2answers
244 views

What is the most risk-free way to invest a lump sum of cash for 1-2 years? [duplicate]

I received a signing bonus with my most recent position for which, if I leave the company after one year I must return half, and can keep the entire amount if I stay two years. I am a very risk-averse ...
1
vote
1answer
96 views

What's the best option to put excess cash now? [closed]

We currently hold 65% of our bond portfolio in a high yield savings acct, which is currently paying 0.5% APY. When we first started putting money in this account in Aug 2019, it was paying 2.5% APY. ...
16
votes
3answers
2k views

How to deal with a relative's hoarded cash without being accused of money laundering

An elderly relative has been hoarding cash for many years, due to a distrust of financial institutions. Whenever his (multiple) pensions have been paid in, he withdraws most of it in cash and stores ...
0
votes
3answers
108 views

Paying for a house in cash and FDIC insurance

Suppose you are expecting (for example) to buy a 1M house in cash. Before you find the house, you keep the 1M in four different bank accounts with 250K each in order for them to be FDIC insured (this ...
1
vote
0answers
90 views

Paying in cash limit - EU

Certain EU countries tend to have a limit for cash payments. For example France and Spain have a limit of ~3000€ for residents and 15.000€ for non residents (tourists). On the other hand, Germany, ...
0
votes
0answers
49 views

Alernative investments to cash with house purchase on the horizon [duplicate]

My wife and I have been expecting to buy a house for the past two years (currently living in a condo worth around 400K with no mortgage). Because of this, we have pretty much all our investments in ...
3
votes
1answer
223 views

UK Cash Gift Amount

My grandparents are gifting me £7000 towards the cost of buying my first home. Depending on the price of the house I buy, this will probably go towards the deposit, fees associated with buying a house ...
0
votes
1answer
478 views

Effect on margin of a cash withdrawal

I have a Reg-T margin account with Interactive Brokers. I would like to confirm my assumptions about the effect that making a cash withdrawal on margin would have on the account. Let's say I have $200 ...
0
votes
1answer
77 views

Why is the 'Cash/Equivalents, Start of Period/End of Period' not the same?

On Walmart's cash flow statement here: The 'Cash, Equivalents, Start of Period' for 2018 is the same as the 'Cash, Equivalents, End of Period' for 2017 (6,867.0). (Please be aware, years are going ...
0
votes
1answer
139 views

Can you charge a customer $20 by debit and give them a $20 bill instead of having a debit machine that can do cashback? [closed]

If a customer wants cash to use our services but only has their debit card on them are you allowed to charge them $20 And give them a $20 bill back? Why do we specifically have to have a cash back ...
3
votes
3answers
215 views

FDIC vs SIPC on Robinhood

I'm really confused how Robinhood insures cash. I am NOT talking about the cash management bank sweep program, where the money is insured by the banks....that is quite trivial. I'm talking about ...
1
vote
0answers
85 views

Cashing my economic impact payment

I currently have no ID. I went to the DMV yesterday with my birth certificate, social security card, and prof of residence to get a state issued ID and they rudely informed me that they are not ...
0
votes
1answer
14k views

How do I cash my stimulus check if I have lost my ID and have no bank account?

I recently just moved to a new area where I know nobody, and I have no bank account set up over here yet. I have no currently valid ID: I only have a photocopy of my old expired state ID and a ...
0
votes
1answer
91 views

GNUcash - temporary funds received for purchase?

Where I live we have an app where we can transfer cash to each other. This morning for example, my girlfriend sent me 3750 so that I'd send 7500 to our landlord for rent. Where would i get these funds ...
1
vote
1answer
3k views

Can I overdraw my cashapp card?

Can I overdraw my cashapp card if it starts with a positive balance to buy diapers and food and Walmart? I have $1.09 on my card and laid off right now. I have no 211 resources anywhere near my area.
2
votes
0answers
63 views

Tail hedging with cash

Vineer Bhansali in his book Tail Risk Hedging makes some claims regarding portfolio protection: For losses of 0% to -5%, just diversification For losses of -5% to -15%, alternative betas (momentum) ...
15
votes
3answers
7k views

How to quickly and inexpensively deposit cash?

I placed in a poker tournament at a casino the other day. I went to my bank, Charles Schwab, to deposit the cash. They said "We don't accept cash deposits." I found this very odd given they're a bank, ...
2
votes
1answer
255 views

How to give money to a business?

I would like to give some money to support a business that is family-owned (by my parents). I am not personally involved with the business nor am I an employee, but I want to give them some money for ...
1
vote
0answers
177 views

Would cash held in a US brokerage account by a non-resident alien be subject to US estate tax?

According to the IRS page, it seems like the answer is a no, as cash is neither US real estate, tangible property or securities of US companies. U.S.-situated assets include American real estate, ...
1
vote
1answer
140 views

About exchanging foreign currency

I have a friend in London and she has sent me a parcel with 9000 GBP in cash. How can I exchange it for rupees in India?
2
votes
1answer
185 views

How to deposit cash for almost free to your bank account when there s no branch nearby or when you only have online banking?

I bank at a regional bank which doesn't cover the whole territory. The nearest branch is 1600 km away. My car is damaged and I can't use public transport because of the strikes. Recently I unlocked $...
35
votes
4answers
14k views

Why is the car dealer insisting on a loan instead of cash?

I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing ...
49
votes
6answers
29k views

Why do sellers care about down payments?

I'm going through the process of buying a home now. Whenever I make an offer, the seller wants to know how much of that will be down payment. Why do they care? Isn't the combination of the down ...
2
votes
1answer
282 views

somone ask to borrow account [duplicate]

Someone i barely know said he wants to move into my country and wants to borrow my account to transfer some cash as he does not want to bring cash in hands. Is it safe for me to give him my account ...
1
vote
4answers
360 views

Is it possible/easy to get some rare banknotes and/or coins that worth more than the face value?

Today I got a few Eisenhower dollars from my bank and it seems they worth slightly more than one dollar each as they are rarer. In general, is possible/easy to get some rare notes and/or coins that ...
4
votes
1answer
510 views

Bad credit, 50k cash, how do I buy a house?

Due to a personal circumstance, I was unable to pay my bills for about 6 months and it took my credit score from a 720 to 520 (repo, charge-offs, and collections). I now have about 50k in the bank, ...
0
votes
1answer
161 views

Swiss franc banknotes design

Why Swiss Franc banknotes do not have year of issue on the paper? I tried to find such number (year) without success - maybe it is with very small font...
-2
votes
2answers
322 views

How do you get cash without a debit card quickly? [closed]

I lost my debit card and need to get cash quickly. What are some good ways of doing this? There are no bank branches near me.
1
vote
0answers
91 views

How can a person prepare for a redenomination?

Redenomination is being discussed in South Korea. While some officials announced that they are considering this as a long-term assignment or not even considering, the gold price is already fluctuating....
0
votes
0answers
720 views

Cash Deposit in Sparkasse Bank

I have a bank account at the Sparkasse (A German Bank). I have some cash, Can I deposit in the Bank Branches, even if I only have an ATM Card? Which charges are applicable and maximum how much cash I ...
1
vote
1answer
235 views

Cash Component in Index

In one of the office discussions today, it came up that index, for example, can have cash also. This information was new to me and I couldn't understand why an Index will have cash? Could someone ...
-2
votes
3answers
341 views

How can I fund my bank account with a credit card without paying interest?

Been trying to figure this out. I was thinking of setting up my own website selling a service and using paypal to accept credit card purchases,then using my credit card to "buy" the service off my own ...
-4
votes
4answers
606 views

Why doesn't the United States have electronic cash cards like other countries do?

I am one of the few people I know who still uses cash for small amounts, I put all other ordinary expenses on a credit card, which I pay the full statement balance of every month. I do this because ...
0
votes
1answer
90 views

Do digital payments count as cash wages?

According to Publication 926 (2019), Household Employer's Tax Guide, "Cash wages include wages you pay by check, money order, etc." Do cash wages also include wages I pay electronically, ie, without ...
23
votes
3answers
4k views

I would like to get cash for money judgement

I am a landlord who got a settlement via garnishment of my ex tenant's account. The total of money owed came to about $30,000. I have collected about $11,000 and would like to get cash for what is ...
2
votes
3answers
315 views

The alternatives to checks, credit cards, and cash, for transactions

So personally I pretty much just use a credit/debit card for most purchases, but cash is not uncommon, and checks are often used for paying rent to landlords or some small businesses. Then there are ...
1
vote
2answers
156 views

Chances to get back money from a bankrupt company?

Recently, I bought a ticket through my debit card for an airlines that got bankrupt a few weeks later (Cobalt Air). Anyone with a similar experience and managed to get their money back? Or what are ...