Do BOA bank tellers get suspicious if u cash too many checks?

[bausch]

With Bank Of America converting all their ATM's to ones where you have to scan each check individually, it makes it near impossible to deposit checks that way if you are lazy and only go to the bank once in awhile and promote a lot of sponsors, because you have to scan each check one by one plus if the machine doesn't read the check you have to go back and do it again. This can actually be dangerous if there's a long line of people behind you because they might get aggravated that you are taking so long or they might wonder why you have so many checks etc. So the only option is going inside the branch.

I am wondering if anyone has a hard time if they deposit over 50 checks at once into a personal account because I read that bank tellers are being trained now to question their customers in person more because they are more vigilant about terrorism related money laundering etc. Do you get weird looks or questioned etc?

I have avoided going into the branch for as long as possible because I drove out of my way to one atm that I knew was still accepting envelopes but it's been converted now to the scan atm.

I have avoided going inside the bank for years because of ATM's but it looks like i will be forced to go inside again.

[After Shock Media]

I avoid Bofa like plague. Others like baddog will praise them, well maybe aside from the check scanning.

I get numerous checks as well. I also deposit them into a business account and just stamp them and hand to teller with a long deposit form. They do not even bat an eye really about the number of checks. Then since we often do banking monthly, we also have 3 business accounts between wife and I. Her business is VERY check heavy, like in the 100 plus range per deposit.

[bausch]

This question is not really about if "bank tellers get suspicious", it's more about, "how do you deal with depositing checks now that you have to scan them one by one". I just phrased my topic weird.

And if you are going inside the bank and having to deal with the tellers, how is that going for you? I really wish that it was still possible to deposit via envelope. This scanning very check once is really getting to me.

[bausch]

Originally Posted by After Shock Media

I avoid Bofa like plague. Others like baddog will praise them, well maybe aside from the check scanning.

I get numerous checks as well. I also deposit them into a business account and just stamp them and hand to teller with a long deposit form. They do not even bat an eye really about the number of checks. Then since we often do banking monthly, we also have 3 business accounts between wife and I. Her business is VERY check heavy, like in the 100 plus range per deposit.

Do you fill in the deposit form at home and then bring it in, or do you do it at the bank?
Yes, I know they have deposit forms in line that you can fill out when you are waiting in line but I just wonder how other people do it. Wouldn't it take too long because there are a lot of checks?

[munki]

I've never had check issues with BofA... but plenty of cash issues...

Nothing like stacks of cash deposited monthly into separate accounts through tellers to set em off...

[After Shock Media]

Originally Posted by bausch

This question is not really about if "bank tellers get suspicious", it's more about, "how do you deal with depositing checks now that you have to scan them one by one". I just phrased my topic weird.

And if you are going inside the bank and having to deal with the tellers, how is that going for you? I really wish that it was still possible to deposit via envelope. This scanning very check once is really getting to me.

Well our bank is also located inside of our local supermarket, open 7 days a week from 9am to 7pm. Zero problem going in, specially since we do shop there most often. Bank does have other branches and at those I use the drive through teller.

[After Shock Media]

Originally Posted by bausch

Do you fill in the deposit form at home and then bring it in, or do you do it at the bank?
Yes, I know they have deposit forms in line that you can fill out when you are waiting in line but I just wonder how other people do it. Wouldn't it take too long because there are a lot of checks?

Ok first off I have ordered a rubber stamp to stamp all checks (one per account) as the endorsement. Then I also paid the 9.95 or whatever for a long deposit form book. I think there is like 100 in the book. Each one can hold up to like 50 or 100 checks to list, plus cash, coins, etc. (I would check but fuckit I know I am close).

I then just stamp and fill out at home. Place all in locking bag (they gave me free) and go to the bank. If I make a math error or something they send me a letter in the mail with a memo and a positive or negative credit.

[TidalWave]

Originally Posted by After Shock Media

Ok first off I have ordered a rubber stamp to stamp all checks (one per account) as the endorsement. Then I also paid the 9.95 or whatever for a long deposit form book. I think there is like 100 in the book. Each one can hold up to like 50 or 100 checks to list, plus cash, coins, etc. (I would check but fuckit I know I am close).

I then just stamp and fill out at home. Place all in locking bag (they gave me free) and go to the bank. If I make a math error or something they send me a letter in the mail with a memo and a positive or negative credit.

hopefully most of them are positive heheh

[After Shock Media]

Originally Posted by TidalWave

hopefully most of them are positive heheh

Honestly its the other way and I find it funny. They will send me a piece of mail with full postage saying my deposit was short .16 cents and that my account was adjusted by .16 cents.

[bausch]

Originally Posted by After Shock Media

Well our bank is also located inside of our local supermarket, open 7 days a week from 9am to 7pm. Zero problem going in, specially since we do shop there most often. Bank does have other branches and at those I use the drive through teller.

Are you with bank of america? I wonder if they have a long deposit book for sale for individual accounts

[Ron Bennett]

Depositing checks ... likely not.

Cashing checks ... you bet.

But I assume you simply titled your post wrong, since you mention deposit in your post ... in which case, don't sweat it.

On a related note, some banks, which I believe includes BoA, allows business customers to scan and deposit checks electronically all from home - no need to even go to the bank. Ask them about it.

Ron

[baddog]

BofA is fine. And since they went to the new method I just make deposits at the window. They understand

[heymatty]

There's no rule on amount of checks. Transactions involving 10k or more get reported I think.

[stevo]

Drive thru is the best option. My bank tellers would always ask how i generated the money, or give me weird looks, or question other tellers about my deposit, or verify past deposits in the system. But now that i do drive thru, they're always in a rush and don't care.

[DaddyHalbucks]

I thought BOA doesn't like adult.

Maybe someone can clarify/ confirm.

[baddog]

Besides. you are not cashing checks are you? Aren't you depositing them?

[baddog]

Originally Posted by DaddyHalbucks

I thought BOA doesn't like adult.

Maybe someone can clarify/ confirm.

Urban Legend. Isn't CCBill and or Lightspeed using BofA? I know they love me and give me all kinds of free accounts and services.

[Horny Dude]

You should switch to a biz account. I just stamp all mine and then deposit them with a special banking center teller. I can't stand depositing checks with the new ATM's. The check has to be near perfect for that machine to read them.

[baddog]

Originally Posted by Horny Dude

You should switch to a biz account.

[baddog]

Originally Posted by Horny Dude

You should switch to a biz account.

To tell you the truth, I thought that was a given. Especially if cashing 50 checks at a time.

[baddog]

Originally Posted by After Shock Media

I get numerous checks as well. I also deposit them into a business account and just stamp them and hand to teller with a long deposit form.

You are a lot nicer than me then. I don't even bother with the deposit form, I let them do it all. I stamp them, that's it.

I also let them do my personal account the same way since I am already there.

They don't bat an eye either.

[After Shock Media]

Originally Posted by bausch

Are you with bank of america? I wonder if they have a long deposit book for sale for individual accounts

I am not with them but you can get those deposit books for any account. Hell odds are both of our checks/deposit slips come from same third party company.

[After Shock Media]

Originally Posted by baddog

Urban Legend. Isn't CCBill and or Lightspeed using BofA? I know they love me and give me all kinds of free accounts and services.

I know ccbill is for a fact. I have a stack next to me right now.

[bausch]

I don't cash anything, I deposit everything. Yes, I do cash more than 50 checks at a time and fairly large amounts too but I have never opened a biz account because it would be more confusing for me that way. I don't want to have pay myself a salary etc. I just put aside a certain amount for taxes and all the rest goes in my personal bank account for my own spending/saving, it's just easier that way. With two accounts it is more complex, transferring money from one account to the other etc

[mikesouth]

bofa is fine ccbill uses them so does intermark and many others

I even have a merchant account with bofa I know my branch managers personally and have for many years.

[faxxaff]

I collect my checks for 2 or 3 months and mail the checks to the bank by mail department. Very convenient.

[baddog]

Originally Posted by bausch

I don't cash anything, I deposit everything. Yes, I do cash more than 50 checks at a time and fairly large amounts too but I have never opened a biz account because it would be more confusing for me that way. I don't want to have pay myself a salary etc. I just put aside a certain amount for taxes and all the rest goes in my personal bank account for my own spending/saving, it's just easier that way. With two accounts it is more complex, transferring money from one account to the other etc

You are screwing yourself tax wise.

[qxm]

Originally Posted by baddog

You are screwing yourself tax wise.

K... I haven't registered a sole proprietorship business or corporate acc so Im in the same boat as this guy, what's better? can you give some examples with rough figures? (If you have time that is!)

As far as the original question, BOA, WF and WAMU are all ok when it comes to check processing, I say it because I worked at a bank fairly recently (I'm now on my own ) .... banks have batch processing if you take a gazillion checks and if they do it one at a time they really have to deal with it, it's not your fault you are making money and other people arent, this doesn't raise any redflag either (unless most of your checks are bouncing)

Transactions which exceed 10K are logged "if and only if" you are making a cash deposit or buying a negotiable item for that much (cashier's check/bank check ..... money orders)

So you shouldn't be affraid to step up to a teller (tellers are paid around $10 an hour these days anyways... 13-15 for a teller supervisor....not to be confused with an operations supervisor which makes around 17-25 and hour)

[baddog]

I am an S-corp because that is what my accountant said was the best for me. I am sorry, but I do not remember the specifics if "why."

I am sure one of GFY's resident tax attorneys will be able to answer that.

[baddog]

Originally Posted by qxm

K... I haven't registered a sole proprietorship business or corporate acc so Im in the same boat as this guy, what's better? can you give some examples with rough figures? (If you have time that is!)

Google is a great way to refresh one's memory:

S Corp vs C Corp If you plan to remove significant profits above what would be considered a reasonable salary for you as President or CEO, you would favor an S corp, because S corp are pass-through tax devices. For S corp, there is generally no tax at the corporate level. This means that once a reasonable wage is paid, excess profits can be removed as distributions. If you chose a C corp, dividends will be doubly-taxed.

http://www.residual-rewards.com/s-co...rporation.html

[qxm]

Originally Posted by baddog

Google is a great way to refresh one's memory:



http://www.residual-rewards.com/s-co...rporation.html

dam....that's a mighty helpful post.......thanks m8!
(bookmarkin' this thread right now)

[DBS.US]

The girls at BOA love my pimp hat

[Juicy D. Links]

Originally Posted by bausch

I don't cash anything, I deposit everything. Yes, I do cash more than 50 checks at a time and fairly large amounts too but I have never opened a biz account because it would be more confusing for me that way. I don't want to have pay myself a salary etc. I just put aside a certain amount for taxes and all the rest goes in my personal bank account for my own spending/saving, it's just easier that way. With two accounts it is more complex, transferring money from one account to the other etc

set up a corp "more confusing" excuse is fucking yourself

[Barefootsies]

Originally Posted by baddog

To tell you the truth, I thought that was a given. Especially if cashing 50 checks at a time.

[bausch]

Yes, I am stupid, I have been doing quite well for the last few years and not having two accounts, being incoprorated etc . I am seeing my accountant later today so I am going to get that fixed pronto.

Anyways, how long would it take the teller to do 50 checks. They have to fill out that form for every check right, so wouldn't it take awhile, especially if they are slow etc

[DigitalPimp]

You have to put them in one at a time?!, Wells Fargo lets you put in 30 at a time. I just take whatever it can't read inside and deposit them.

[dynastoned]

never had a problem and i've brought in 10-15 checks at a time before.

[bausch]

Just got back from the bank. I had no problems, also I only had 37 checks, I thought it was 50 cause the stack was thick and it seemed like it was 50 but it wasn't. The teller only looked at the amounts and typed them in, she didnt look at each check and look at the name of the payee and memos etc . Didn't ask me one question at all, probably wanted to go home cause the bank was closing, which works out great for me. So it's nowhere as bad as I thought it was. The anticipatory anxiety is always bigger than the actual event, so all in all it was an anti-climax. I'll have no probs in the future. Thank you for all your input.

[Sly]

I have never had anybody ask me where my money comes from. I deposit a stack of checks every two weeks. Both in bank and drive through. I have no idea why anybody would deposit checks via the ATM, sounds like a lot of work. The tellers take care of that for you.

[bausch]

Originally Posted by Sly

I have never had anybody ask me where my money comes from. I deposit a stack of checks every two weeks. Both in bank and drive through. I have no idea why anybody would deposit checks via the ATM, sounds like a lot of work. The tellers take care of that for you.

Atm was much easier than going inside the bank before the new atm's where you have to scan each check. All I did was put them in an envelope and enter in the amount. It took me 30 seconds to deposit checks at the most. Going inside the branch is MUCH more work because first of all, there is usually always a long line so you always have to wait for a long time. Plus you have to wait for the teller to enter each check in one by one. I can add it at home real fast and then put the envelope slot with the old atm's really quick.

Also, with BOA, doing it through the ATM is the same as going through the drive through. Going inside the bank takes the longest.

Now that you have to scan each check its not possible to use the atm, there is no choice but to go inside the bank.

[Sly]

I see. I can see the advantage of that. Although personally, I like the idea of knowing my bank people. It can help out in the long run and building good relationships with people you do business with is always a smart idea.

[bausch]

Originally Posted by Sly

I see. I can see the advantage of that. Although personally, I like the idea of knowing my bank people. It can help out in the long run and building good relationships with people you do business with is always a smart idea.

True but BOA probably has a high turn over with their tellers etc plus they have different branches everywhere, I might be going inside different branches depending on where am at the time, ie. running errands in a different part of the city etc. It's not like a small intimate bank where everyone knows everyone. I doubt I'll be running into the same people every time.

[HairToStay]

Originally Posted by baddog

Urban Legend.

Not an urban legend. Truth. Ask Silvercash how BofA closed their account solely because they were an adult business. It was all over the forums when it happened, too

I called them to confirm they won't do business with adult or tobacco companies. If the policy has changed from 4+ years ago, I'm not aware of it.

[Deej]

contrary to popular belief, BofA does not frown upon adult related accounts... just chargebacks and high risk transactions...

as for the topic of discussion... I take checks in at about 5-10 at a time... 50 is out of my league ;)

but I dont get "suspicious"questions... just casual talk like if they notice a design quotation they ask me what i design or what i do in online work... (its easy for them to figure out its online) ... i always just have a method of dealing with it... usually i pawn it off on roofing companies and or the local establishments that i design for that they may know of...

ive never had one look at me funny and think porn or anything out of the ordinary...


thats my branch though...

[bausch]

Originally Posted by Deej

contrary to popular belief, BofA does not frown upon adult related accounts... just chargebacks and high risk transactions...

as for the topic of discussion... I take checks in at about 5-10 at a time... 50 is out of my league ;)

but I dont get "suspicious"questions... just casual talk like if they notice a design quotation they ask me what i design or what i do in online work... (its easy for them to figure out its online) ... i always just have a method of dealing with it... usually i pawn it off on roofing companies and or the local establishments that i design for that they may know of...

ive never had one look at me funny and think porn or anything out of the ordinary...


thats my branch though...

I dont have 50 checks, I thought it was but it wasnt, it just seemed like it because it seemed like a lot but it wasn't. I guess they are used to it because there are lots of individuals/businesses who probably deposit like 100 at a time so it's probably nothing to them, I'm just worrying about nothing. I'm good now.

[uno]

You worry way too much about everything. All the time.

[baddog]

Originally Posted by uno

You worry way too much about everything. All the time.

I refrained from pointing that out . . . . this time.

[Redrob]

I would feel comfortable recommended B of A for most anything. Just compare their rates for their services with other local banks and see how they stack up.

[nico-t]

epass is your god, checks are fucking ancient

[After Shock Media]

Originally Posted by nico-t

epass is your god, checks are fucking ancient

Epass costs money which adds up.
It also comes from off shore which raises flags.

So stateside checks are great, they are free to cash, there are legalities in getting sent a bad one, and they are helpfull when it comes to accounting.