I've never had, or even heard of, a saying they don't take cash deposits. I think OP is confused. Logarr if you win a large slot jackpot or a large amount in a poker tournament, you absolutely are filling out tax forms or you are going home empty handed. It's the responsibility of the casino because that is the law. Show 18 more comments. Active Oldest Votes. Improve this answer. Some banks don't have a minimum balance requirement but waive fees if you have direct deposits hitting the account.
Haven't shopped banks in a while, so not sure if any brick and mortar ones have completely free checking accounts with no minimum or other requirements. Mazura Chase Not quite. But yeah, most banks in the US are atrocious. Mazura The only thing I see in there that might be problematic is payments outside the US, but it's a US company, so that's no surprise. The rest seem pretty standard in terms of making sure the bank isn't liable for any potentially illegal transactions.
Besides, you just use a credit card for anything "prohibited" or anything, really , and then use the bank to pay off the card. Show 3 more comments. Pete B. Add a comment. Lee C. This rather depends on what the OP considers "large". I might donate a few hundred dollars, or even a few thousand, to some charity, or otherwise make cash payments, but to me "large" would mean something in the neighborhood of my annual income.
Also, the question said "quickly". It could take a while to "deposit" enough cash by paying people with it. Otherwise, I like the idea.
Sign up or log in Sign up using Google. Sign up using Facebook. Sign up using Email and Password. Post as a guest Name. Email Required, but never shown. How do you Deposit into a Schwab Bank or investing Account? Am I able to send them my Check via mail envelope? What is the maximum amount of money I can deposit via Mobile Check Deposit? Other Articles to Check Out:. CIT Bank vs. This might take more time, though. It tends to be very liquid and you can access it with checks, automated teller machines, electronic debits, and more.
It sets itself apart from other types of bank accounts by allowing many withdrawals and unlimited deposits. Charles Schwab also offers overdraft protection that carries no additional fees and can be linked to a brokerage, credit, or savings account. I should also mention that there are no monthly service fees or minimums. It will be automatically and conveniently mailed to your address. You can use the card anywhere that accepts Visa and withdraw cash from ATMs worldwide.
On top of that, when opening a new High Yield Investor Checking account, Schwab will automatically also open a Schwab One brokerage account. Each will come with a separate account number. They come with no monthly fee and allow you to easily transfer funds between them for free. Fortunately, yes. You can, of course, also decide to deposit your money in a savings account.
The account has no minimum opening deposit, minimum balance, or monthly fee. Similarly to the checking account, there are several ways to deposit to your High Yield Investor Savings account:.
You cannot deposit cash into your Charles Schwab Bank account, which is a bummer. But fortunately, they offer some great alternatives.
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