Questions tagged [cash]

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

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1answer
38 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 ...
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1answer
123 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 ...
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0answers
41 views

Rent vs Buy / All-Cash vs Low Interest Rate [Covid-19]

My current landlord has indicated he wants to put the rental I live in on the market, which will likely have me looking for a new residence in the next 6-12 weeks (my lease goes for 12 weeks, but my ...
3
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3answers
101 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 ...
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0answers
67 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 ...
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1answer
5k 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 ...
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1answer
72 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 ...
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1answer
178 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.
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0answers
45 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
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3answers
5k 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, ...
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1answer
247 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 ...
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0answers
46 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, ...
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1answer
134 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?
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1answer
180 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
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4answers
13k 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 ...
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6answers
18k 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
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1answer
271 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 ...
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4answers
312 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 ...
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1answer
406 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, ...
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1answer
120 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...
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2answers
315 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.
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0answers
86 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....
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0answers
463 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 ...
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1answer
172 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 ...
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3answers
324 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 ...
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4answers
583 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 ...
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1answer
86 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 ...
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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
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3answers
236 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 ...
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2answers
153 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 ...
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3answers
2k views

Questions from dealer when paying cash for a car

My wife and I recently bought a new Chevy from a dealer here in California. We didn't use a loan, paid using a personal check. Even though we told them we weren't financing the deal, they insisted on ...
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2answers
693 views

Can merchants refuse cash as payment in India?

Can merchants refuse cash as payment in India in favour of digital modes of payment?
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2answers
335 views

How to handle large inheritance

My uncle is ill and doesn't have much longer to live. He's been tying up loose ends and the other day he gave me a briefcase full of $20 bills, neatly stacked. If my math is right it's about $100k. I'...
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2answers
88 views

How does cash move between exchanges?

I know that money exchanges work on the principle of selling foreign currency for more money than they are buying it. In an ideal market, there would be an equilibrium in the money being imported and ...
2
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1answer
565 views

Why is there a difference between the price paid for shares in an acquisition versus the current market price? [closed]

What justifies ANDV trading around $140 when share holders will get $152.27? As I do not want MPC shares, what could prevent ANDV holders getting $152? Would it be better to bail now at $140? Help ...
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6answers
3k views

Is it better to use cash when cards offer discounts

I am new to budgeting and managing my own finances and have a simple question. Is it better to use cash when credit or debit cards offers discounts. The city I live in, some shops and services offer ...
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0answers
247 views

May an international student on F1-Visa accept money (cash rewards) in return of contributions made online?

I am an international student currently studying on F1-student-visa in united states. There are many websites where I can contribute (for example, by adding questions/answers, writing articles etc.) ...
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5answers
2k views

New car: buy with cash or 0% financing

Here's my current dilemma: should I buy the new car I'm looking at with cash or have 0% financing for 72 months? For reference, here is some info about me: I am currently living at home. My plan is ...
3
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1answer
767 views

Journal entry for savings of multiple family members

I'm recording family-related transactions in a journal. My question is regarding a cash deposit (asset debit). For example, my family earned $300 at a garage sale. I deposit that entire amount into ...
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1answer
102 views

Can I deduct personal loans or use them as tax “write offs?”

Say I loan $5,000.00 to a relative, and they still owe the majority of that amount after many years of no payment. Can I just vaguely write off this number, assuming the money was lent as cash, hand-...
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1answer
69 views

How foreign cash is beneficial for a country? [closed]

Imagine for example people of country X working abroad ( in Europe as an example) and bring home every month 3000 euro which is equivalent to 9000000 of local currency for example. How does this cash ...
2
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1answer
189 views

Complicated financial transaction involving 3 countries and over $10,000.00

I live in the USA and I have an opportunity to sell some used consumer electronics in Paraguay with pretty nice margins. I have a buyer lined up (also a family member on my other side) and have looked ...
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3answers
303 views

What are the pros and cons of buying in cash and remortgaging vs taking a mortgage right from the start?

I was wondering what are the best options. Of course if depends so I would like to know what are the pros and cons of each solution. One obvious that came to mind - buying in cash allows to act at a ...
4
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2answers
2k views

Bank denying loan after “subject-to” appraisal: What to do?

I'm buying a two-unit investment property directly from the seller (no Realtors involved). The purchase price is $110k. I am trying to get a conventional loan through a large national bank. ...
92
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9answers
19k views

Do people tend to spend less when using cash than credit cards?

I know this is a popular theory on this site and finance blogs/media in general, but I'd like to know if there is any reliable research on the subject. I can share personal experience that makes me ...
2
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3answers
570 views

How to send money across borders physically and inexpensively, but not via cash?

I would like to transfer money from Argentina into Chile. Usually, within countries, there are safe ways of physically (i.e. without a SWIFT or other wire) and inexpensively transferring money ...
2
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2answers
241 views

How does one access liquid cash with a credit union checking account from a different state when no ATM of the bank is around and checks are rejected?

My brother recently moved to California and he needs to pay for gas and food for the next 1-3 days. He has a credit union account and credit card from our local credit union bank. His credit card ...
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4answers
7k views

Getting Cash from Credit Card without Fees

I currently: Pay with a credit card, get my 3% cashback, and then pay off the credit card with my debit card. What I would like to do is: Use a credit card (to get my 3% Cash back) to withdraw cash, ...
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1answer
455 views

Proper name for banknote values (sizes)? [closed]

For example USD uses $1, $2, $5, $10, $20, $50, $100. What is a proper name for these options? If I want to give someone $1000, what would be the proper way of asking them what is the largest bill ...
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2answers
1k views

Notified by recovery agency of an uncashed check

I was approached by a guy who says he found an uncashed check issued to my name in Texas 4 years ago. The guy seems legit and it is possible that I had an uncashed check at the time. He requested a ...