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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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1 vote
1 answer
84 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 ...
1 vote
0 answers
205 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 ...
0 votes
0 answers
44 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?
-2 votes
1 answer
181 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 ...
-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,...
1 vote
2 answers
854 views

Understanding the T + 3 settlement days rule

If I: Buy X at time T Sell X at time T' where T' < T +3 Buy Y on T' with proceeds from sale of X. Cannot sell Y before T' +3. Ref:http://www.slideshare.net/mring33/using-java Slide 29 It ...
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 (...
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 ...
1 vote
3 answers
942 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 ...
1 vote
1 answer
748 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 "...
-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, ...
5 votes
1 answer
567 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 ...
2 votes
2 answers
906 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 ...
1 vote
2 answers
490 views

In which European countries do ATMs impose an extra surcharge for withdrawals?

Usually you pay a fee (if any) set by your bank for withdrawing money with your Visa/MC card from ATMs other than those your bank owns, but some ATMs charge the customer an extra fee on top of that ...
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-...
36 votes
10 answers
16k 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 ...
2 votes
6 answers
4k 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 ...
0 votes
0 answers
108 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 ...
-5 votes
4 answers
672 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 ...
2 votes
1 answer
117 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....
4 votes
2 answers
654 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 $...
8 votes
2 answers
1k views

How to use a cash budget and buy items online?

Using a cash budget, say we save $100 for household items. Typically, we would withdraw $100 from the ATM, put it in an envelope, and then later, go to home depot or walmart or wherever and buy an ...
6 votes
1 answer
795 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 ...
-1 votes
3 answers
266 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 ...
4 votes
1 answer
18k views

Coin counting machines in UK bank branches [closed]

A colleague recently mentioned to me that many HSBC branches offer self-service coin counting machines - you tip a bag of loose change in, and it credits it to your account. No need to queue up and ...
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 ...
2 votes
2 answers
234 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 ...
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 ...
35 votes
4 answers
17k 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 ...
15 votes
2 answers
5k views

So the vending machine tore my $5 in pieces. What now?

The vending machine swallowed half of my $5 bill, and the other half remained in my hand. Can I get my $5 back, or is it all lost forever?
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 ...
0 votes
2 answers
95 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 ...
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 ...
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 ...
6 votes
2 answers
692 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 ...
68 votes
8 answers
134k views

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house ...
97 votes
9 answers
21k 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 ...
3 votes
2 answers
908 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
0 answers
92 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
1 answer
82 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
1 answer
411 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
1 answer
100 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
1 answer
87 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 ...
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 ...
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 ...
1 vote
1 answer
154 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
1 answer
253 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
1 answer
416 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 ...
0 votes
1 answer
203 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
1 answer
298 views

How much in cash equivalents should I keep in the bank? [duplicate]

Possible Duplicate: As a general rule, how much in “liquid” emergency savings should I have? I recently started my first job and now have more money than I've ever had in my life (...