WVU Posted May 9, 2018 Report Share Posted May 9, 2018 Unless you are an authorized user of the account. So you can'p out cash into someone's Wells Fargo accounts. This will effect some offshore depositing methods. Cash deposits will be limited to account owners or authorized signersWhat is happening To help reduce criminal activity and protect your account, we'll be making changes to our policy for cash deposits made at Wells Fargo branches. Once our policy takes effect in a few weeks, we'll only accept cash deposits into your Wells Fargo Consumer checking or savings accounts if it is coming from an account owner or authorized signer. What you should know If a non-account owner needs to deposit money into your account, they can deposit a check, cashier's check or money order, or use a person-to-person payment service like Zelle®. All customers will need to provide identification to make cash deposits.Wells Fargo ATM or debit card holders may use their card and their Personal Identification Number (PIN) to confirm their identity when making deposits.Customers who do not have a Wells Fargo ATM or debit card may present a valid driver's license, state or federal government-issued ID card, passport, or other similar picture ID.Questions? If you have questions, please ask a banker in your branch, or call us at 1-800-869-3557, 24 hours a day, 7 days a week. Thank you for choosing Wells Fargo. Wells Fargo Deposit Products Group Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted May 9, 2018 Report Share Posted May 9, 2018 Many dont know... the money in 'your' bank acct is NOT your money Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 9, 2018 Report Share Posted May 9, 2018 pretty nutso as a society when i can put cash into a prisoner's commissary account, which he can use to buy music/videos/ice cream/etc... but i can't put cash into a non-prisoner's account so which people are the slaves/prisoners? the ones in prison or the rest of us Quote Link to comment Share on other sites More sharing options...
IAG Posted May 9, 2018 Report Share Posted May 9, 2018 Why would it affect offshore methods? How do they deposit cash into your account? I think this was primarily to deal with Local Bitcoins scenarios. Quote Link to comment Share on other sites More sharing options...
WVU Posted May 9, 2018 Author Report Share Posted May 9, 2018 Why would it affect offshore methods? How do they deposit cash into your account? I think this was primarily to deal with Local Bitcoins scenarios.some offshore joints will let you deposit cash into their bank accounts to fund your book/casino accounts Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted May 9, 2018 Report Share Posted May 9, 2018 in the olden days could bank deposit directly into neteller's acct not sure what this means for today Quote Link to comment Share on other sites More sharing options...
IAG Posted May 9, 2018 Report Share Posted May 9, 2018 some offshore joints will let you deposit cash into their bank accounts to fund your book/casino accountsGotcha. I was thinking on payout. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 9, 2018 Report Share Posted May 9, 2018 Make no mistake that the banks don’t want people easily buying bitcoin at all. First they take away the credit cards, then they close the checking accounts, and now they essentially disable local bitcoins. Then they buy them themselves. Still shocked Wells Fargo has not closed my account down. I know Chase and Bank of America I have been on a tear lately from what I have seen on Twitter. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted May 9, 2018 Report Share Posted May 9, 2018 I highly doubt it has anything to do with Bitcoin. The banks have had to report cash transactions to other people's accounts for a while now. I've deposited cash into my brother's checking account at another bank (not WF) several times, and every time, they made me fill out paperwork, give them my social, and give them my ID. It's government mandated to try to catch money laundering. This is probably just WF not wanting to deal with the reporting anymore. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 9, 2018 Report Share Posted May 9, 2018 Lots and lots of money gets sent from easy coast to west coast buying buds. Quote Link to comment Share on other sites More sharing options...
Bump City Posted May 9, 2018 Report Share Posted May 9, 2018 I highly doubt it has anything to do with Bitcoin. The banks have had to report cash transactions to other people's accounts for a while now. I've deposited cash into my brother's checking account at another bank (not WF) several times, and every time, they made me fill out paperwork, give them my social, and give them my ID. It's government mandated to try to catch money laundering. This is probably just WF not wanting to deal with the reporting anymore.I can't fathom why anyone would still bank with Wells Fargo. Truly baffling stuff. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 9, 2018 Report Share Posted May 9, 2018 I can't fathom why anyone would still bank with Wells Fargo. Truly baffling stuff.Not by choice, but it is the only bank that will link up easily to Gemini for me. I.e., the only way to buy and sell crypto easily....at least for now. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted May 9, 2018 Report Share Posted May 9, 2018 No more sending money to my ex and having her just go deposit into my WF! Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 9, 2018 Report Share Posted May 9, 2018 Lots and lots of money gets sent from easy coast to west coast buying buds.This. Though I assure you it’s rarely done via banks these days. 5-10 years ago it was always send the goods and have someone on the other end make a deposit into a bank account. Not anymore. Quote Link to comment Share on other sites More sharing options...
WVU Posted May 9, 2018 Author Report Share Posted May 9, 2018 Wells Fargo is the reason one of my buddies got raided by gambling agents and had accounts frozen and a bunch of PCs confiscated 15 years ago Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 9, 2018 Report Share Posted May 9, 2018 How? Who's sending currency offshore? And this is only wells fargo , sportsbooks will have no such rules. Quote Link to comment Share on other sites More sharing options...
WVU Posted May 9, 2018 Author Report Share Posted May 9, 2018 Many books get deposits that way and can no longer. Not tough to understand. Same goes for credit agents who get paid this way. Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted May 9, 2018 Report Share Posted May 9, 2018 the power mad freaks who control things have been planning to do away with cash for a long time Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 9, 2018 Report Share Posted May 9, 2018 Many books get deposits that way and can no longer. Not tough to understand. Same goes for credit agents who get paid this way.People really mail cash offshore? wow, what's wrong with WU, moneygram, etc? Quote Link to comment Share on other sites More sharing options...
WVU Posted May 9, 2018 Author Report Share Posted May 9, 2018 People really mail cash offshore? wow, what's wrong with WU, moneygram, etc?No not mail. They walk into a bank and deposit cash into one of the books banks accounts. I have done that with multiple sponsors up top. I have also done it with credit agents when it was time to pay. Many cant use WU or MG or they want t to deposit larger amounts Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 9, 2018 Report Share Posted May 9, 2018 No not mail. They walk into a bank and deposit cash into one of the books banks accounts. I have done that with multiple sponsors up top. I have also done it with credit agents when it was time to pay. Many cant use WU or MG or they want t to deposit larger amountsI see, I guess if you or the sportsbook dont use wells fargo, than nothing has changed. yet. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 9, 2018 Report Share Posted May 9, 2018 Wells Fargo is the reason one of my buddies got raided by gambling agents and had accounts frozen and a bunch of PCs confiscated 15 years agoCan you expound on this? Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted May 9, 2018 Report Share Posted May 9, 2018 Chase has had the same policy for a few years now Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted May 9, 2018 Report Share Posted May 9, 2018 who cares bet or be bet that's my motto think about it Quote Link to comment Share on other sites More sharing options...
easy does it Posted May 9, 2018 Report Share Posted May 9, 2018 this is old news Quote Link to comment Share on other sites More sharing options...
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