Cashing Cheques and Bank Accounts

[8020]

I thought that I’d post here because the “Smudging Finances” thread in the Toronto Escorts Review forum is locked down.

Over the years, I’ve had luck taking expenses cheques to my bank branch (the cheques are issued from an account at the same branch) and asking the teller to cash (not deposit) the cheque for me. This usually works, but yesterday I ran into a new teller who insisted that I needed to deposit the cheque and then could withdraw the cash. The teller checked with a supervisor and they both insisted that this transaction was impossible. So I left with my cheque and may try back later.

But if the bank continues to refuse to just cash my cheques, I’m at a bit of a loss as to how I could get them cashed without running them through a bank account. Any suggestions?

And would anyone know what is required to open an account at a bank these days and whether one can be certain that there wouldn’t be any statements etc mailed to my home address?

Thanks very much for your suggestions and advice!

 

[JohnHenry]

Ask for e-statemenrs and use a throwaway email address. Use the office address otherwise.

 

[Jenesis]

Banks are moving away from cashing and going the deposit route.

I wanted to change bills from hundreds to fives (long story). They wanted to deposit the hundreds into my account and then withdraw the same amount to give me 5s. I asked why, they said they need records of all transactions. I explained they do have records, their own records, but I don’t need a record of it so I don’t need the transaction to go through my account.

They finally agreed. I didn’t really care either way but made the point because I am against forced deposits. It is just another way to keep a paper trail of everything on you.

 

[Mr Bret]

Just a hunch, but it may be because they no longer have cash drawers. All access to cash is done through their work stations, so the cash must be accessed by some kind of transaction.
Back in the day, they could just open their cash drawer and change whatever was necessary.

 

[Robert Mugabe]

Banks are moving away from cashing and going the deposit route.

I wanted to change bills from hundreds to fives (long story).

When you were having your $15.00 special and a lot of guys needed to break a $20?

 

[Jenesis]

When you were having your $15.00 special?

First appointment when back in the new year. Comes with the wife experience. 5 mins of bitching, 5 of complaining and 5 telling you no to sex. Best package yet!!!!

Just so people are not freaking, it is convoluted Xmas gifts that I need the 5s for. LOL

 

[richaceg]

Just a hunch, but it may be because they no longer have cash drawers. All access to cash is done through their work stations, so the cash must be accessed by some kind of transaction.
Back in the day, they could just open their cash drawer and change whatever was necessary.

Yes, banks are moving away from cash drawers...you want cash, they force you to use the machine unless you're withdrawing huge amounts or cleaning your account...TD is notorious with this practice. Unless they know you well at the branch.

 

[Jenesis]

Yes, banks are moving away from cash drawers...you want cash, they force you to use the machine unless you're withdrawing huge amounts or cleaning your account...TD is notorious with this practice. Unless they know you well at the branch.

It was TD that gave me issues. I even called ahead to order the 5s. Had to go to two branches because they didn’t have enough to give out. First branch was fine, it was the second branch that wanted to deposit the hundreds first.

 

[8020]

Yes, I was dealing with TD as well. I’m hoping that a regular teller will just revert to cashing the cheque - the transaction is called “customer cash” as this process has worked well for years.

If I were to open an account elsewhere, I’d need to be absolutely certain that under no circumstances do statements get sent to my home address. Do you know if I could open it using only my business address or would they take down my home address from my driver’s license? I could live with the risk of a paper statement to work, but not to home.

Another option, I suppose, would be to check with an SP who I’m close with to see if I could just sign a cheque over to her as a deposit / pre-payment for the future.

 

[Jenesis]

Yes, I was dealing with TD as well. I’m hoping that a regular teller will just revert to cashing the cheque - the transaction is called “customer cash” as this process has worked well for years.

If I were to open an account elsewhere, I’d need to be absolutely certain that under no circumstances do statements get sent to my home address. Do you know if I could open it using only my business address or would they take down my home address from my driver’s license? I could live with the risk of a paper statement to work, but not to home.

Another option, I suppose, would be to check with an SP who I’m close with to see if I could just sign a cheque over to her as a deposit / pre-payment for the future.

What are you trying so hard to hide?

 

[8020]

Extra cash (in the form of expenses from work) that I use for hobbying. So depositing and withdrawing from shared accounts doesn’t really work for me.

 

[Intrepid416]

I don't think that credit unions are yet this hard to deal with. Been very happy with Meridian so far!

 

[Robert Mugabe]

It was TD that gave me issues. I even called ahead to order the 5s. Had to go to two branches because they didn’t have enough to give out. First branch was fine, it was the second branch that wanted to deposit the hundreds first.

A TD manager kicked me out of the branch on "customer appreciation day" green balloons and all. Because I complained that my investment account manager fucked me over.

 

[poker]

The cheque goes through a clearing house regardless if it’s deposited or not, and the Gov’t still has access to those records (if they choose to look).

Money Mart… or the Cash Man Russel Oliver?

 

[tastingyou]

Yes, I was dealing with TD as well. I’m hoping that a regular teller will just revert to cashing the cheque - the transaction is called “customer cash” as this process has worked well for years.

If I were to open an account elsewhere, I’d need to be absolutely certain that under no circumstances do statements get sent to my home address. Do you know if I could open it using only my business address or would they take down my home address from my driver’s license? I could live with the risk of a paper statement to work, but not to home.

Another option, I suppose, would be to check with an SP who I’m close with to see if I could just sign a cheque over to her as a deposit / pre-payment for the future.

Banks HATE cashing cheques that are endorsed by the payee and with a 3rd party trying to cash them. They have no way of ensuring that the payee actually endorsed the cheque. It is exactly the type of non-transparency that you are trying to achieve that the banks are trying to discourage.

 

[poker]

Extra cash (in the form of expenses from work) that I use for hobbying. So depositing and withdrawing from shared accounts doesn’t really work for me.

I used to shop at Walmart and get cash back each time I paid…. If I spent $100, I got back $60, and the bank record showed “$160 Walmart”. Did that a few times a month and had my play money.

 

[kherg007]

Co conspirator helps lol. Endorse cheque to them they give you the cash they deposit lol.

Once in GTA took company hire car to downtown for an incall (not where i was supposed to be), almost running late for the appointment, luckily find a car park right near incall, but only had company cc on me, and the lot only took credit cards (no cash)! Luckily some bloke was buying his parking ticket - it was $15 for 2 hours - and I said I only had cash and I'd trade him a $20 in cash if he got me one w his cc. He said sure gave me a ticket for the dashboard and I gladly gave him the $20.

 

[danmand]

The bank is taking a risk by giving you cash for a cheque.

If the cheque is deposited to an account it is easier for the bank to recover the "loss". (banks never lose)

 

[poker]

I also used to keep the extra cash in an envelope hidden in my car. Usually under the floor mats. Served as a hiding place for the play money, and if the significant other ever finds it…. “It’s my emergency fund if the apocalypse happens and the card does not work at the gas station. Cash is king baby!”

I once forgot about $400 I hid in the emergency CAA car kit…. Found it when I needed the air pump or cables one day. Good times. (Fuck… I have turned into my mom with money in envelopes hidden everywhere. Guaranteed I have lost or forgotten about a few)

 

[GeeBee]

I'd suggest opening an account at a credit union or one of the virtual banks, as long as they have ATM access for cash. Sign up for paperless with your private pooning email address to avoid paper coming to your home. Give work the info so they can direct deposit your expense cheques (not a problem if its a big organisation, but not good if its a small business your SO has drinks with the folks in accounts payable) or deposit the paper cheque in an ATM or via the new bank's app.

A word or caution: If all your other accounts are joint, or seen by your SO (I'm assuming this is the case given your question) this new account will still show up on a credit bureau report in your name. Meaning that if you ever need to look at one, perhaps because of an identity theft issue or suspected security breach, this account will be on a list should your SO ever see it.

The cheque cashing stores are fucking plagues on society and charge criminal fees, but they may be your only other option in this case.