Chase Bank to Require Photo ID to Deposit Cash

Starting Saturday, March 1st, account holders at Chase Bank will have to show a photo identification to be able to deposit cash.

Chase Bank logoAnd, if it is your wife’s account, your name better be on it or you won’t be able to make a cash deposit.

“Money laundering” seems to be the reason, although at the level of the deposit I made today, I’d guess there might be another reason as well.

Anyone got any idea what other reasons might be?


Chase Bank to Require Photo ID to Deposit Cash — 23 Comments

  1. Racist Jim Crow policies…

    Oh wait.

    That’s only if you have to show ID to vote.

    This has to do with new worldwide standards for bank transparency.

    Chase went one step further but given the impact these laws will make on banks it’s understandable.

  2. Big bank, big BS.

    Move your accounts to BCU. I did so, I ledt BoA, have not regretted.

  3. Hmmm, it’s been nearly 20 years since one of Chase’s predecessors, the old home grown First Chicago, brought us teller fees, to encourage ATM deposits/withdrawals.

    At least this is for the deposit of cash, and not checks (makes it simpler).

  4. Move your account!

    Anonymity is another vanishing freedom.

    Go to any local bank where they know you.

  5. Those Kenyan socialists at FoxBusiness actually found some facts for once:

    I am most amused by the demands for ‘anonymity’ here- since you are depositing cash into your own account, or that of a family member or business, there is no anonymity- and unless you are wearing a mask and rubber gloves, there will be evidence you were at the bank.

    At that point, I only hope that a foaming IL concealed permit carrier gets one clean shot into the target.

  6. Next you will need id to buy groceries.

    The time has come to increase the volume of the underground economy just like other socialist countries.

    Don’t use banks – barter.

  7. I agree that it is ridiculous to show ID depositing cash, but seriously, I seem to WANT cash FROM a bank (meaning that I have no idea when I actually last deposited it).

    If you have more cash than you could possibly spend (I’m thinking of my weekly groceries!)I am very curious where it comes from.

  8. Now another new CHASE game…..

    I made a deposit today and in the deposit there was $400.00 in cash.

    They demanded Drivers Liscense before they would take the deposit.

    They now want ID for depositing cash.

    My wife did it, but I damn sure wont.

    Monday I am going to go close out my accounts and get away from this communistic bank.

    I do 30/40 K of credit card business a year.

    Going to move that too……

    GOOD BY CHASE…..!!!!!!!!!!!

  9. That’s so stupid..

    I’m closing mine tomorrow.

    Good luck with your new stupid rules.

    Bye CHASE!

  10. took my by surprise, when cashier asked my for a photoID to deposit cash into my own account.

    No one in this world would Money laundering less than million!

    Why money laundering for $200.00??

    I bank with Chase over 20 yrs.

    I guess it’s time to change.

  11. Who did whom a favor-this smacks of big politics & big business?

    Time to move my account been with Chase since 1985-this is the end!

  12. My comments are directed at something that is different from your initial complaint.

    I recently received a survey from Chase asking my thoughts on Chase.

    Until then, my history with Chase which has been a long one, has been good overall and I said so.

    At the end of the survey, “in appreciation of” you get a choice of items you can order for free, only paying the shipping.

    I ordered Garcinia Cambogia, a 10 day supply of weight loss pills, with a ONE time charge of $4.95.

    So, imagine my surprise a few weeks later when I get another charge, for $79.85.

    Please understand, I read even the fine print.

    There was nothing in there about a trial, etc.

    I did NOT authorize an additional charge.

    So, thinking this would be an easy fix, I called the 800 # on the back of my card to get this taken care of.

    I spoke with one gentleman on 05/12 and he argued with me that I had authorized this.

    I finally asked to speak to his supervisor who I believe was named Raj.

    He initially argued the same thing, most notably telling me that the original email did not come from Chase as they do not do vendor promotions, but finally said that it would take a couple of days but it would be taken care of.

    He also said I would have to have my debit card cancelled and a new one sent to me.

    He had it overnighted.

    Now, this charge left me 1.51 in my account.

    So, I was less than thrilled this morning to find that I am now in the hole, as the money has not been put back.

    I called again and spoke with a Demetria, who has informed me that I will not get my money back as I had “joined” this trial.

    So, even though I’ve been a loyal customer for years, convinced my husband to move his account over there as well years ago, we’ve had homes and cars mortgaged through them, and I have maybe once before (I have 2 different banks I use so I’m not sure which one it was) contested a claim and it was taken care of immediately, am being now told that they are giving this company the right to steal from me.

    Interesting sidebar, she started telling me all about this company so either Raj lied to me when he told me this was a Phishing email or he’s not kept well in the loop.

    I am going to cancel my account with them ( I no longer trust them to have my best interests at heart ), and I will be filing a complaint regarding both them and the company that the pills came from with the BBB. And, frankly anywhere else I can make it known, so that no one else goes through this and is robbed. If I didn’t authorize this charge, this is robbery.

    Even if I hadn’t read the fine print (and I always do) our local news is always running stories about how people are scammed in just this manner.

    Shocking that a large institution that you would think would want to do all that they can to protect their reputation would be party to something like this.

    I will find a better, trustworthy bank.

  13. Chase and ID for cash des posit if some minor insignificant amount of money is absolutely rediculous.

    And to comment and imply it could be drug money.

    How insulting you are.

  14. I agree how silly this is but what is the big deal about showing your I.D.

    Not enough for me to change my bank.

    You people show how ridiculous you are by ranting and raving about showing an I.D.

  15. Knowing you means NOTHING .

    They know me and refused my deposit today.

    I am angry to put it mildly.

  16. Some comments are really stupid on why presenting photo ID is such a big deal to many.

    It is a big deal! Simply, a bank staff has your details (DOB, address , licence number and all your details in that ID).

    And he gets your bank account number and credit card details too? And what’s next when he resigns and decides to use these.

    He can easily access your internet accounts including emails, ebay, etc.

    And what if your email account has your other personal info including banking, passport, etc, which I bet nowadays a great number of people has. ID for deposit?

    Stupid idea, big banks just want you not to use face to face service but use more their machines to save big bucks.

    Customer service is gone.

    Oh wrong, it still exists for customers with high profitability rates… yes folks its automatically calculated and pops out in their machines, once you make an inquiry you have a profitability number which will drive the service you will get.

  17. The kicker is that not only do you have to show photo ID, you also have to be a signatory on the account!

    So, not only do you have to produce ID, but if you haven’t gone in and been added to the account, they will refuse the deposit.

    So, no more going and bailing out your kids, or making a deposit as a favor to a friend.

    CHASE sucks!

  18. I have been a weekly visitor to our local Chase Bank for 17 years.

    I have a Chase credit card, two checking accounts, a savings account, a mortgage and an equity line with Chase.

    Today, 1/24/2015, I deposited three checks totaling $1,075 dollars and wanted “no cash” back.

    I was asked for my I.D. WHAT!?

    Surprisingly a bank rep. supported the teller’s actions.

    I have decided – when making future deposits, I will ask the teller for his/her I.D.

    I mean c’mon, just because the teller wears a Chase blue shirt with a name tag, should I assume he/she is an employee?

    Hey – if she doubts my identity, and questions whether my deposit is genuine – why can’t I doubt who she is.


  19. Was asked today for photo Id at my local branch to deposit $12 in cash !!!

    That’s money laundering ?????

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