Questions tagged [cash]

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

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6 votes
1 answer
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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 ...
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  • 119
6 votes
3 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 ...
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  • 4,016
2 votes
2 answers
183 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 ...
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  • 4,016
0 votes
1 answer
45 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 ...
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48 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 ...
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0 votes
2 answers
73 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 ...
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  • 664
3 votes
1 answer
218 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 ...
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15 votes
7 answers
4k 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 ...
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  • 2,768
5 votes
2 answers
620 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 ...
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  • 664
3 votes
2 answers
284 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 ...
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1 vote
0 answers
89 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 ...
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  • 915
0 votes
1 answer
75 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 ...
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-2 votes
1 answer
216 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 ...
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0 votes
1 answer
85 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 ...
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1 vote
1 answer
75 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 ...
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  • 13
0 votes
1 answer
153 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 "...
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  • 1
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 ...
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26 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 ...
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1 vote
1 answer
89 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 ...
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  • 39
0 votes
1 answer
235 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 ...
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4 votes
2 answers
255 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 ...
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  • 427
1 vote
1 answer
99 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. ...
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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 ...
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-1 votes
3 answers
204 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 ...
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1 vote
0 answers
93 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, ...
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  • 577
0 votes
0 answers
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 ...
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3 votes
1 answer
249 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 ...
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  • 1,595
0 votes
1 answer
705 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 ...
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0 votes
1 answer
114 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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  • 101
0 votes
1 answer
150 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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3 votes
3 answers
238 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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1 vote
0 answers
94 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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0 votes
1 answer
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 ...
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  • 1
0 votes
1 answer
111 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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  • 103
1 vote
1 answer
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.
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2 votes
0 answers
67 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) ...
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  • 21
15 votes
3 answers
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, ...
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  • 1,163
2 votes
1 answer
257 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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  • 123
3 votes
0 answers
262 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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1 vote
1 answer
147 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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2 votes
1 answer
192 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 $...
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35 votes
4 answers
15k 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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  • 3,387
50 votes
6 answers
34k 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 ...
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2 votes
1 answer
287 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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1 vote
4 answers
376 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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  • 925
4 votes
1 answer
545 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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0 votes
1 answer
168 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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  • 119
-2 votes
2 answers
326 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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  • 5
1 vote
0 answers
93 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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0 votes
0 answers
896 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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