Had to show my ID to make a deposit at the bank (WTF) (1 Viewer)

[Joe T]

I deposited $400 cash into my checking account today.

The teller asked me for my ID.

I asked him, "Why do I need an ID to make a deposit?"

He rambled about it being some law since 2014 that you have to show a photo ID to make a cash deposit now.

WTF??!! Who comes up with these stupid rules?

 

[-fish-]

I had to do the same thing at wells fargo today.

 

[Joe T]

I did throw pennies on the floor as I left and mumbled 'long live GM.'

 

[grateful zed]

they will id you if you drop your hat. worse than the nazis imo.

 

[Christo]

they will id you if you drop your hat. worse than the nazis imo.

At least the Nazis had flair.

 

[Jules Winnfield]

they will id you if you drop your hat. worse than the nazis imo.

At least the Nazis had flair.

I thought Ric was an American?

 

[NutterButter]

who does a deposit in person? just use the atm. that'll teach em

 

[Dan Lambskin]

I have to swipe my debit and put in my PIN at my back (Citizens)...

 

[RedmondLonghorn]

I deposited $400 cash into my checking account today.

The teller asked me for my ID.

I asked him, "Why do I need an ID to make a deposit?"

He rambled about it being some law since 2014 that you have to show a photo ID to make a cash deposit now.

WTF??!! Who comes up with these stupid rules?

Probably related to anti-money laundering regulations.

The war on drugs is neat.

 

[Jack White]

War on Drugs

War on Terror

War on Cash

War on Freedom

 

[Maurile Tremblay]

You're allowed to make cash deposits into other people's checking accounts, so I don't know why your identity would matter.

Maybe they're just making sure you have an ID, you know, to weed out the riffraff.

 

[belljr]

THE HORROR

 

[SeveredHorseHeads]

Great thread, Tim.

 

[comfortably numb]

I would have grabbed the teller by the collar and said, "Listen chief, anyone walks through these doors and wants to drop any amount of money in my account, you accept it-no questions asked!!"

 

[Joe T]

I don't understand what purpose it serves. If anything it pushes more people away from traditional banking. It forces more people and money off the grid.

 

[RedmondLonghorn]

Are you suggesting government regulations might have negative unintended consequences? That's crazy talk.

 

[squidrope]

KYC

Know Your Customer

The feds are handing out huge fines to banks that don't properly safeguard against money laundering. This is the same feds that have no idea what the proper safeguards need to be... Just do something and if we don't like it we'll fine you millions.

It's a huge CF that is costing the banking industry (you and I) billions.

 

[fantasycurse42]

After I make a deposit or withdrawal at the teller I get a receipt (I actually ask them to shred it, but it is offered)... On that receipt is my account number.

 

[Super King]

They only ask me for my ID if I want my account balance on the teller receipt. Otherwise, I don't give my ID (M & T). Though, I am really honkey looking. With an even honkier name. So, I got that going for me...

 

[Dragons]

I would have grabbed the teller by the collar and said, "Listen chief, anyone walks through these doors and wants to drop any amount of money in my account, you accept it-no questions asked!!"

This, but don't give a receipt without ID.

 

[Prince Myshkin]

I remember when I opened my first checking account. The woman asked if anybody else was authorized to make deposits into my account. Ummm...hell yes, anybody that wants to.

 

[joffer]

I'm so sorry Joe. How'd you get through it?

 

[Chemical X]

stems from AML or anti money laundering paranoia. most major banks have been hit with significant fines for improper AML control. in fact, bank personnel can be personally liable as well. cash activity doesnt allow for money tracing. where specifically did the funds come from. the id check ensures you are putting the cash in your account and prevents "placement".

 

[Doctor Detroit]

Should have made it rain in the lobby IMO

 

[Chemical X]

maybe they couldn't believe joe t had cash?

 

[Maurile Tremblay]

After I make a deposit or withdrawal at the teller I get a receipt (I actually ask them to shred it, but it is offered)... On that receipt is my account number.

Any person making a deposit into your account already has your account number. They can't make a deposit without it.

 

[General Malaise]

LAM I HAS $400!!!!

 

[Dr Oadi]

I deposited $400 cash into my checking account today.

The teller asked me for my ID.

I asked him, "Why do I need an ID to make a deposit?"

He rambled about it being some law since 2014 that you have to show a photo ID to make a cash deposit now.

WTF??!! Who comes up with these stupid rules?

redemopublicratcans.

 

[Eminence]

I assume you bank at Chase bank? I know they recently changed their policy for anti-money laundering reasons as others have stated. My bank doesn't require it. But yeah, things are going to get worse before they get better in this regard.

 

[Dan Lambskin]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

 

[Doctor Detroit]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

I just give it to them when I put the money on the counter.

I don't want them putting the money in the other black guy's account.

 

[RC94]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

It probably took longer to start this thread.

 

[RedmondLonghorn]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

 

[Doctor Detroit]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

 

[Dan Lambskin]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

I just give it to them when I put the money on the counter.

I don't want them putting the money in the other black guy's account.

nice try but I know blacks don't have bank accounts

 

[Christo]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

I just give it to them when I put the money on the counter.

I don't want them putting the money in the other black guy's account.

You all look the same on driver's licenses too.

 

[chet]

I deposited $400 cash into my checking account today.

The teller asked me for my ID.

I asked him, "Why do I need an ID to make a deposit?"

He rambled about it being some law since 2014 that you have to show a photo ID to make a cash deposit now.

WTF??!! Who comes up with these stupid rules?

Why deposit it? Keep it in your wallet. Walking around money.

 

[Dr Oadi]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

If you have nothing to hide......Or

If it's required to vote....

 

[Flying V]

Banks have a bizarre sense of customer service. I'll stick to my credit union.

 

[Doctor Detroit]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

I just give it to them when I put the money on the counter.

I don't want them putting the money in the other black guy's account.

You all look the same on driver's licenses too.

I always provide my own picture taken in an outdoor, lower light setting.

 

[AAABatteries]

I always say to the tellers to let anybody who wants to - id or not - deposit money in my account. The more the merrier.

 

[RedmondLonghorn]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

Not really. This is all based on anti-money laundering regulations that have been put in place due to the war on drugs. Yet another instance where individual rights are being eroded in the interest of "keeping us safe", without really doing the latter. Sure, in this case it is indirectly, because the Feds are forcing the banks to be more invasive, but the net effect is directionally similar.

And again, I recognize that in a vacuum this is a rather innocous and minor intrusion.

 

[Encyclopedia Brown]

I guess it is a matter of experience. I've had my credit card stolen out of my mailbox and racked to the hilt, and my debit card "skimmed". So, I am all for showing as much identification and proof of identity as possible.

I have no problem with a teller asking for anything.

My bank.

Except maybe for you.

 

[Doctor Detroit]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

Not really. This is all based on anti-money laundering regulations that have been put in place due to the war on drugs. Yet another instance where individual rights are being eroded in the interest of "keeping us safe", without really doing the latter. Sure, in this case it is indirectly, because the Feds are forcing the banks to be more invasive, but the net effect is directionally similar.

And again, I recognize that in a vacuum this is a rather innocous and minor intrusion.

Isn't this the bank's policy though? It's not a federal regulation, if you don't like the ChaseJPMorgan policy please take your business elsewhere.

Sounds like you and Joe T are just trying to find some sort of freedom restricting argument out of this, when in fact it's a corporate policy designed to limit money laundering. Go to a bank that doesn't require you to show your ID since you want to maintain anonymity or whatever the hell you think this is doing to you. Or better yet, bury your money in your back yard. The squirrels won't ask you for your driver's license.

 

[Doctor Detroit]

War on Drugs

War on Terror

War on Cash

War on Freedom

Better or worse than your war on logic?

 

[RedmondLonghorn]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

Not really. This is all based on anti-money laundering regulations that have been put in place due to the war on drugs. Yet another instance where individual rights are being eroded in the interest of "keeping us safe", without really doing the latter. Sure, in this case it is indirectly, because the Feds are forcing the banks to be more invasive, but the net effect is directionally similar.

And again, I recognize that in a vacuum this is a rather innocous and minor intrusion.

Isn't this the bank's policy though? It's not a federal regulation, if you don't like the ChaseJPMorgan policy please take your business elsewhere.

Sounds like you and Joe T are just trying to find some sort of freedom restricting argument out of this, when in fact it's a corporate policy designed to limit money laundering. Go to a bank that doesn't require you to show your ID since you want to maintain anonymity or whatever the hell you think this is doing to you. Or better yet, bury your money in your back yard. The squirrels won't ask you for your driver's license.

The bank's policy arose out of anti-money laundering regulations, as a number of people have pointed out throughout this thread. If other banks aren't doing this yet, they will be soon.

I don't care enough about this particular issue enough to cause a fuss about it, but it is emblematic of what is going on in at many levels in terms of the erosion of individual rights and the ubiquity of government surveilance of US citizens without probable cause.

 

[Doctor Detroit]

Why do they check our IDs at the border? I think we should be able to just walk right in, and bring in whatever we want. Otherwise it is restricting my freedom, I should be able to do whatever the hell I want. Passport? pfft, I don't need a passport. Moreover when someone goes to the bank and makes a withdrawal from my account and the bank teller didn't ask them for an ID, that's real progress. That's freedom, that's what America is all about.

I should be able to drive my car without registering it, without a license, without inspections or anything else. I shouldn't have to pay taxes on income, on goods, on anything. I want the freedom to not pay taxes, just to do whatever the hell I want. The constitution says I can do it!

FREEDOM!!!!

 

[Doctor Detroit]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

Not really. This is all based on anti-money laundering regulations that have been put in place due to the war on drugs. Yet another instance where individual rights are being eroded in the interest of "keeping us safe", without really doing the latter. Sure, in this case it is indirectly, because the Feds are forcing the banks to be more invasive, but the net effect is directionally similar.

And again, I recognize that in a vacuum this is a rather innocous and minor intrusion.

Isn't this the bank's policy though? It's not a federal regulation, if you don't like the ChaseJPMorgan policy please take your business elsewhere.

Sounds like you and Joe T are just trying to find some sort of freedom restricting argument out of this, when in fact it's a corporate policy designed to limit money laundering. Go to a bank that doesn't require you to show your ID since you want to maintain anonymity or whatever the hell you think this is doing to you. Or better yet, bury your money in your back yard. The squirrels won't ask you for your driver's license.

The bank's policy arose out of anti-money laundering regulations, as a number of people have pointed out throughout this thread. If other banks aren't doing this yet, they will be soon.

I don't care enough about this particular issue enough to cause a fuss about it, but it is emblematic of what is going on in at many levels in terms of the erosion of individual rights and the ubiquity of government surveilance of US citizens without probable cause.

I don't care. Banking has become so sophisticated and dangerous because of the electronic theft/intrusion possibilities, much more regulation will be coming just to keep the markets from being vulnerable to the point of collapse. Whether that is an individual bank policy or something created by government regulation, doing what is best for the majority of the population is going to be what prevails.

The government doesn't give a #### about you or Joe T and your boring lives. How Chase asking for an ID turns into a Jack White-like government surveillance diatribe is beyond me, some of you are unreasonably paranoid.

 

[Cjw_55106]

From the internets:

In a bid to close potential money laundering loopholes, JPMorgan Chase (JPM) tells FOX Business it is set to roll out a new policy that requires customers who want to make a cash deposit to show identification and be listed on the actual account.

It is believed that the New York-based financial giant would be the first big bank to enact such a change.

JPMorgan, the largest U.S. bank by assets, has been in the crosshairs of heavy regulatory scrutiny in the past year, highlighted by a $2 billion settlement last week over lax standards related to the Madoff Ponzi scheme.

 

[Cjw_55106]

I don't get the issue...what's it take, 10 seconds to pull out your ID?

The issue, like so many other things, is that it just turns into a slippery slope. this is a pretty benign example, for sure, but it reminds me of the questioning and searches that law enforcement likes to conduct without probable cause. Some people ask "what's the big deal if you have nothing to hide?" But that is the exact mode of thinking that eventually leads to individual rights being completely lost. The whole frog in the boiling pot of water metaphor...

Apples meet oranges.

Not really. This is all based on anti-money laundering regulations that have been put in place due to the war on drugs. Yet another instance where individual rights are being eroded in the interest of "keeping us safe", without really doing the latter. Sure, in this case it is indirectly, because the Feds are forcing the banks to be more invasive, but the net effect is directionally similar.

And again, I recognize that in a vacuum this is a rather innocous and minor intrusion.

Isn't this the bank's policy though? It's not a federal regulation, if you don't like the ChaseJPMorgan policy please take your business elsewhere.Sounds like you and Joe T are just trying to find some sort of freedom restricting argument out of this, when in fact it's a corporate policy designed to limit money laundering. Go to a bank that doesn't require you to show your ID since you want to maintain anonymity or whatever the hell you think this is doing to you. Or better yet, bury your money in your back yard. The squirrels won't ask you for your driver's license.

The bank's policy arose out of anti-money laundering regulations, as a number of people have pointed out throughout this thread. If other banks aren't doing this yet, they will be soon.

I don't care enough about this particular issue enough to cause a fuss about it, but it is emblematic of what is going on in at many levels in terms of the erosion of individual rights and the ubiquity of government surveilance of US citizens without probable cause.

The right to banking? ok