Tuesday, March 25, 2014

Think Tank Tuesday 3/25/14: Chase Bank No Longer Accepting Cash

Chase bank no longer allows cash deposits from non-account holders. Their claim is that they're attempting to stop money laundering. So if you're a proud parent of a college student and want to deposit cash into your child's bank account (like TMOT in the video clip below) you'll be told you can't do that according to bank policy.

Are you buying their "stopping money laundering" story or is there something else is going on? Perhaps they're trying to stick it to the customer yet again; or maybe they are trying to keep better tabs on where your money is actually coming from? Leave me your thoughts below in the comments section.

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