SjmarfInfinite money glitch
BuffaloxI don’t get it, how does depositing a check become a police matter?
PS: It says cash first and deposit further down, I’m assuming deposit must be the correct part.
Edit: PPS. I know there is racism and this happens in USA, but the amount of amateur hour from the Banks procedure, to the people working there and the police responding to a non issue is mind numbing for a person coming from Denmark, where banks are run professionally, and the police almost is too.
We use “cash a check” interchangeably with “deposit a check”
OK, weird since it’s not the same thing?
Well ok. They’re only used interchangeably one way, nobody deposits a check and leaves with the money, but they’ll go to “cash a check” and deposit it.
Well I cannot say what’s common in USA, but the literal meaning of cash seems to me to be getting literal cash in your hand. While deposit is to deposit it into an account, for withdrawal later, like when the check is cleared.
I’m guessing if people use those terms interchangeably, they are in error half the time.
IDK practices in USA, but here some checks can be cashed immediately when they are from trusted parties, like a bankers check, but AFAIK you still need to have an account with the bank to cash it.
That said both cash and checks are extremely rare here now, almost everything and everybody have gone electronic.
Paying cash above about 8K USD or 50k DKK is actually illegal now, to prevent money laundering.
I’m guessing if people use those terms interchangeably, they are in error half the time.
IDK practices in USA, but here some checks can be cashed immediately when they are from trusted parties, like a bankers check, but AFAIK you still need to have an account with the bank to cash it.
That said both cash and checks are extremely rare here now, almost everything and everybody have gone electronic.
Paying cash above about 8K USD or 50k DKK is actually illegal now, to prevent money laundering.
Do I really need to explain colloquialisms?