SurvivalBlog reader MHL wrote in: “My son lives and works in Colorado (lucky guy); his father and I are in Ohio. With the offspring soon to celebrate a birthday, my husband wanted to gift the boy with money, which is always welcome no matter what one’s age, so he took cash and one of the kid’s bank deposit tickets to an Ohio branch of our son’s bank (Chase Bank). He was informed by the teller that unless we had an account with Chase, or were co-owners of the Colorado account that they could not accept cash for deposit. I’ll write that again in case you missed it. A bank could not accept cash for deposit! The teller offered to sell my husband a money order, which he could deposit into the account. Needless to say the kid is going to get a check and will just have to wait the five days until it clears. “It’s just a matter of time, isn’t it?”
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Gold Good as an Inflation Hedge, but Better as a Crisis Hedge – DSV
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Death of Malls: Retailers are going bankrupt at a record pace – DSV
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Gun battle after Brazilian bandits stage brazen $40 million heist in Paraguay – H.L.
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In response to MHLs comment about depositing cash into their sons account, we found out the same thing with our minor daughters account when my husband ran an errand to the bank (Chase) for me to deposit their birthday money. He was informed that since he wasn’t listed on the account that he could not deposit cash on their behalf. We will now attempt to find a banking institution that will allow multiple coowners on our children’s minor account and one that will also accept cash deposits.