IF she works right next door- she can deposit CHECKS just as easy as she can deposit cash.
However-—More & more banks are trying to say they won’t accept cash deposits.
As a life=-long bookkeeper/accounting person, I don’t know how much business they are going to lose-—Gas stations —restaurants—grocery stores-—all high cash deposit clients.
I have done bookkeeping for over 55 different clients since 1980. Even the smallest one man shop deposited cash. I did books for 3 different engine builders. Spend a week building a racing engine & you get paid CASH. PERIOD.
Are you going to force a 14 year old kid who is mowing lawns for a summer job to not get paid in cash? A babysitter? That is nuts. Learning how to budget your money is about the most important thing a teenager learns—a life long lesson. Having the CASH in your hands after working hard is a reward in itself.
And you think drug dealers will accept your ‘electronic charges’ on their phones??? GROW UP!!!
This will only force businesses to cheat on their taxes-—they will keep the CASH & not deposit it. Pay their payroll in Cash & not report it. Buy supplies in cash & not report it.
The younger people want a cashless society, but that really doesn’t work. I don’t have a cell phone & I refuse to have one. I pay cash as much as I can, particularly for eating out, which I don’t do often. It is a bit of a luxury for me to do so on Soc Sec, and if I pay cash, I am more aware of only doing it when I can afford to do so.
IF you cannot pay for anything except electronically-—then Big Brother knows exactly what you are doing every minute of the day. It is a complete invasion of all of our privacy.
I have raised horses for over 30 years. When I sell one, I only take cash-—and I only paid cash for ones I bought. I would NEVER turn over the registration papers & a grown, trained horse for a check. They can disappear with the horse & stop the check.
This is nuts. Banks are trying to dictate how we all will live. They can pound sand.
Good info, thanks for the post.
The goal is no cash at all and it is coming as sure as the sun comes up in he morning.