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Questions tagged [cash]

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

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Net Cash Outflow [closed]

I'm curious about a question I received which I wasn't sure what the formula was for. I'm trying to find the net cash outflow of a particular set of a requirements. The question is similar, but not ...
user avatar
1 vote
1 answer
83 views

How would I add $3k cash earned income when I amend my taxes without being an actual business?

I'm trying to amend last year's taxes because when I went to file this year I remembered that I made a couple grand cutting grass the year before and forgot to file it. I'm not sure how to file this ...
MRubus313's user avatar
1 vote
0 answers
194 views

Any recourse in recouping locksmith charge?

Was locked out of my apartment with no way to re-enter and needed to get in. Locksmith refused to quote me any amount prior to arriving. After they arrived (30 minutes later), they informed me that ...
Runeaway3's user avatar
  • 2,898
0 votes
0 answers
41 views

Wise cash balance interest program and NY state residents

Why is it that the cash balance program (and consequent FDIC insurance) that Wise offers its customers is not available to residents of New York State? Is there any way around this?
Tim Cowlishaw's user avatar
-2 votes
1 answer
180 views

Why do businesses in Cambodia require pristine bank notes when customers pay in USD?

Businesses in Cambodia require pristine bank notes when customers pay in USD. E.g., 1) a slightly torn USD bank note will typically be refused 2) If anything was written on the bank note by an ...
Franck Dernoncourt's user avatar
-3 votes
3 answers
340 views

How to mitigate risk of having cash with you when abroad, how to move it across countries while minimizing its time physically on your person?

Usually I only travel with payment cards, and I use a debit card in my destination's airport to withdraw cash at an ATM. Me and my significant other will soon return home (the UK) from a third country,...
berdario's user avatar
5 votes
2 answers
3k views

Declaring $50,000 cash deposit from parents in a foreign country

During the summer vacation in my home country, my parents gave me $50,000 USD in cash (they exchanged this cash several years ago from the bank by their savings) to support me buying a car. Recently (...
user avatar
2 votes
4 answers
2k views

Does paying cash for a car for a better price work?

I have heard that you can often negotiate a better price for a used car if you pay with cash. Here is just one of many articles on the topic. In this case, I believe that by paying with cash people ...
nuggethead's user avatar
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1 vote
3 answers
783 views

Will I be asked to allow a credit check or requried to give my SSN if I pay cash for a used car?

This [older] post (link) makes it sound like it's likely I'd be expected to complete a credit application, give out my SSN, etc., if I walked into my local dealership and said I wanted to pay cash for ...
nuggethead's user avatar
  • 2,081
-1 votes
1 answer
209 views

What are the long term consequences to an investor of these US bank cash outflow?

I saw two news $910 billion in deposit flight from banks in one year and one week 98 billion out from bank My main question is how long term investor protects from any harm that may be building up, ...
puzzled's user avatar
  • 1,016
5 votes
1 answer
565 views

How to deposit $9,900 in $100 bills when I only have accounts like Schwab and CapitalOne

I sold a car and have a bunch of cash that I'd like to put into my CapitalOne savings account. I live in the Atlanta suburbs, where CapitalOne has no branches and no ATMs that accept deposits. Their ...
Ryan's user avatar
  • 430
2 votes
2 answers
765 views

What does Wealthfront Cash account do with your money?

Currently Wealthfront Cash account pays 3.8%, way higher than the deposit rates of their 10 partner banks. So I wonder what they do with customer money. I suspect that they use the money to buy term ...
RandomBear's user avatar
36 votes
10 answers
15k views

Car buyer wants to pay by actual cash - what are the motivations and risks?

My partner was is listing her car for sale (about $9-10K CAD). She got contacted by someone who wanted to pay with cash bills. He was somewhat reassuring about the obvious risks of walking around ...
Italian Philosophers 4 Monica's user avatar
0 votes
0 answers
107 views

Where do coins primarily enter circulation?

I’m in the UK but would also be interested in answers about other countries. When newly minted coins enter circulation (here in the UK it’s via dedicated Cash Centres), what % go to different types of ...
Kaz's user avatar
  • 2,499
2 votes
6 answers
3k views

What are examples of honest reasons for carrying and using large quantities of cash? [closed]

This question: How Can I Make Consistent Large Cash Withdrawals From U.S. Banks? recently appeared on the HNQ list. The question concerns the logistics of withdrawing large amounts of cash from their ...
Eric's user avatar
  • 153
2 votes
1 answer
116 views

Do mutual funds get interest on the cash positions in their portfolio?

I am writing a paper about mutual funds and I was wondering if mutual funds get paid interest on the cash positions they have in their portfolio. If so, what kind of rate would this be? Do funds use e....
Jean-Paul's user avatar
  • 239
2 votes
2 answers
1k views

How to record currency conversion in a journal entry

I am keeping track of my personal finances in a physical accounting journal. At a currency exchange desk, I converted 100 CAD into 75 USD. How should I record this transaction in my journal? In double-...
Flux's user avatar
  • 17.1k
4 votes
2 answers
646 views

Paid Cash for a car and dealer called me to return it 10 days later?

Bought a car cash from a dealer and traded in my car with a lien left over of $1100 dollars. We agreed after negotiations on buying used car for $23K and they would accept my trade for $5500 leaving $...
Bob Lewis's user avatar
6 votes
1 answer
777 views

How do I record a purchase of gas in a gnucash chart of accounts?

Complete beginner here. Eyes sore and brain bent from reading. My question too basic for anyone to answer it seems. It is this: I start off with the new chart of accounts. I spend $50 on gas. How ...
abrogard's user avatar
  • 219
6 votes
2 answers
3k views

Using a friend to move cash into my checking account

I have a few thousand dollars that I want to move into my checking account, but as I pointed out in my previous question my bank does not have local branches or ATM partners. I have a friend who will ...
Ken - Enough about Monica's user avatar
2 votes
2 answers
228 views

Converting cash without a bank

I have around $5k in cash that I'm carrying around. My bank is USAA. USAA does not have a physical location or ATM within hundreds of miles of me. I don't want to carry this cash around. I've ...
Ken - Enough about Monica's user avatar
0 votes
1 answer
62 views

What does "existing balance sheet cash" mean for a company, as compared to actual cash and cash equivalents?

I read that Li-Cycle (LICY), a Li-ion battery recycling company, is increasing the size of a large recycling plant. To do this: The Company estimates that the Hub will require a total capital ...
End Antisemitic Hate's user avatar
50 votes
5 answers
15k views

Potential scammer pushing me to click a link and threatens to send the police

I was contacted by someone wanting to buy a bird cage I was selling on Facebook market place. He said he couldn't collect as he was at work he told me he would send a cash envelope via dpd and that I ...
Kerry Allen's user avatar
0 votes
2 answers
94 views

Is Neobank and cash generally mutually exclusive?

A neobank (also known as an online bank, internet-only bank, virtual bank or digital bank) is a type of direct bank that operates exclusively online without traditional physical branch networks. Is ...
Sybil's user avatar
  • 692
3 votes
1 answer
227 views

Why isn't newly raised cash priced-in after a secondary stock issuance?

I'm an owner in $HUT8. Yesterday after market close they announced a secondary offering of 15% of the shares. I understand this is dilutive for the shareholders, and today it seemingly led to a drop ...
Ansjovis86's user avatar
15 votes
7 answers
5k views

Is there any reason not to immediately use cash back balance to pay credit card?

If one of my credit cards accrues cash back that is redeemable towards statement balances, is there any reason not to immediately use this cash back each time I go to pay the card? Is there a benefit ...
Runeaway3's user avatar
  • 2,898
6 votes
2 answers
688 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 ...
Sybil's user avatar
  • 692
3 votes
2 answers
865 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 ...
Aceribus's user avatar
1 vote
0 answers
91 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 ...
RADA's user avatar
  • 905
0 votes
1 answer
80 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 ...
JamieHoward's user avatar
-2 votes
1 answer
381 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 ...
Joseph Casey's user avatar
0 votes
1 answer
98 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 ...
D1X's user avatar
  • 271
1 vote
1 answer
86 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 ...
DevLeo's user avatar
  • 75
1 vote
1 answer
718 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 "...
Vishal's user avatar
  • 11
16 votes
4 answers
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 ...
karan ugale's user avatar
27 votes
8 answers
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 ...
Mary Rose Cook's user avatar
1 vote
1 answer
146 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 ...
JohnZee's user avatar
  • 39
0 votes
1 answer
410 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 ...
Raj Mehta's user avatar
4 votes
2 answers
275 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 ...
Gramatik's user avatar
  • 427
1 vote
1 answer
102 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. ...
user65003's user avatar
17 votes
3 answers
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 ...
Anonymous Worrier's user avatar
-1 votes
3 answers
252 views

Paying for a house in cash and am concerned about FDIC insurance for funds used to make the purchase

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 ...
Fully Insured's user avatar
1 vote
0 answers
129 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, ...
Dino's user avatar
  • 587
0 votes
0 answers
52 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 ...
HouseAtLast's user avatar
3 votes
1 answer
276 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 ...
Jsk's user avatar
  • 1,668
0 votes
1 answer
816 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 ...
user avatar
0 votes
1 answer
246 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 ...
timhc22's user avatar
  • 101
0 votes
1 answer
182 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 ...
Curious's user avatar
4 votes
3 answers
273 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 ...
user98499's user avatar
1 vote
0 answers
96 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 ...
Mistilee's user avatar