- Can a bank ask where you got money?
- Can I deposit $5000 cash in bank?
- Which bank pays tellers the most?
- Do I have to pay back money paid to me by mistake?
- Can I deposit 50000 cash in bank?
- Can I keep money paid to me in error?
- What is the next position after bank teller?
- Do bank tellers have access your account?
- What happens if a bank teller makes a mistake?
- What happens if the bank overpays you?
- How much cash can you keep at home legally?
- Can I keep money sent to me by mistake?
- What happens when a bank teller gives you too much money?
- Are bank teller jobs going away?
- Can a bank reverse a payment?
Can a bank ask where you got money?
There is no law that specifically requires a bank to ask where you get your cash.
They are probably just following Governmental and company guidelines on money laundering and have been told to ask that question on deposits of cash over a certain amount.
Either that or the teller is just a nosy sod..
Can I deposit $5000 cash in bank?
When a cash deposit of $10,000 or more is made, the bank or financial institution is required to file a form reporting this. … So, two related cash deposits of $5,000 or more also have to be reported.
Which bank pays tellers the most?
Bank Teller SalariesJob TitleSalaryChase Bank Teller salaries – 676 salaries reported$15/hrJ.P. Morgan Bank Teller salaries – 638 salaries reported$13/hrWells Fargo Bank Teller salaries – 454 salaries reported$15/hrWells Fargo Bank Teller salaries – 424 salaries reported$15/hr16 more rows
Do I have to pay back money paid to me by mistake?
Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn’t belong to you, then you must pay it back.
Can I deposit 50000 cash in bank?
The government has changed the tax rules relating to cash deposits in banks. … Last week, the government announced a new rule to prevent people from depositing large amounts of cash in their bank without mentioning the PAN. Till then, you could deposit up to Rs 50,000 in cash per transaction without giving the PAN.
Can I keep money paid to me in error?
Legally, if you received money in error and you know that it is not yours, then you must pay it back. If you receive money and you can put forward a credible argument as to why you should keep it – that it is a reasonable return for services rendered – that’s a different situation.
What is the next position after bank teller?
Most employers require at least a high school diploma, but advancement will often require a bachelors degree. Teller is usually the first in a career path that can soon lead to loan officer or personal banker for those who show promise.
Do bank tellers have access your account?
Most financial service firms provide access to client accounts based on “a need to know” basis. That is, if the bank employee has a legitimate business reason for accessing the account they can. If not, then they can’t. … That is, if the bank employee has a legitimate business reason for accessing the account they can.
What happens if a bank teller makes a mistake?
Basically it all boils down to this- if a teller makes a mistake, chances are the proof department will find it. If you notice the error, bankers definitely do appreciate the heads up. They can and will debit your account to put the teller and bank in balance.
What happens if the bank overpays you?
Although it’s unlikely, it is possible for a deposit to be mistakenly credited to the wrong person’s account. When this happens, whether the bank error is in your favor or someone else’s, the bank will eventually reverse the transaction and credit it to the correct account.
How much cash can you keep at home legally?
Limit Cash at Home to 15 lakhs, Says Supreme Court Panel on Black Money. New Delhi: Indians should be banned from keeping more than ₹ 15 lakhs in cash at home, suggested a team of experts assigned by the Supreme Court to fight and recover black money today.
Can I keep money sent to me by mistake?
The only time you can keep money that is deposited into your account is when the deposit was intended to be made into your account. So, if the deposit was a mistake, you can’t keep the money. It’s as simple as that.
What happens when a bank teller gives you too much money?
If a bank teller gave you too much money, it is a clerical error that the teller is accountable for. He or she will be responsible to pay that shortage back to the bank out of pocket.
Are bank teller jobs going away?
Tellers are not going away. Traditionally, tellers help customers perform routine financial services; Today, those functions are easily done on mobile phones. Instead, tellers are being trained to pitch loans, guide local entrepreneurs, and offer technical support.
Can a bank reverse a payment?
As a general rule, banks can reverse a payment made in error only with the consent of the person who received it. … This usually involves the recipient’s bank contacting the account holder to ask his or her permission to reverse the transaction.