What to do with cash

[MissCrabette]

I know it sounds like a great problem to have, but it's driving me nuts.

His parents brought us cash when they visited. It's not the fun "blow money" kind of cash. It was their usual contribution. We have no local bank here in KC, just an East Coast bank and credit union, along with a national brokerage that doesn't accept cash for deposit, only checks. We were thinking of opening another bank account and depositing the money there, but... I'd rather not if I can help it. We have enough accounts to keep track of already.

Now if you're still wondering what the problem is, I hate cash. I like keeping track of where the money goes, and cash seems to vanish into thin air. I guess I could make an effort and track it, but it would take a long time to spend since I can only imagine being able to spend it on groceries. Our apartment complex does not take cash.

Am I missing something? What else can I do with cash?

[Mrs. MD, Esq.]

I'll be honest...I am really not feeling your pain here...

If you are really that opposed to cash, you could always buy a gift certificate credit card and then you could probaly use it at your apartment/online/where they accept credit...they usually sell them at the supermarket...

[alison]

Send it to me! I'll find a way.

[Pollyanna]

You could put it in a safe spot to save for a rainy day (i.e.: car repair, home repairs, any unexpected bills, etc). Or you could just open a free checking account, deposit the money and then transfer it to one of your other accounts.

[MissCrabette]

Haha! I knew I wouldn't find a ton of sympathy for this situation.

Unfortunately, the apartment complex charges a fee for paying with a credit card, so... "here's some money so you can take my money." No, thanks.

[Mrs. MD, Esq.]

Mine does that too...it infuriates me because i would love the reward points every month...oh well.

Then i vote for putting it in a "getaway" jar...keep putting money in the jar and next time you have a free weekend, take a road trip someplace fun/romantic.

[MrsPotts]

Go ahead and get a money order for your apartment complex - they should take that. I worked as an assistant manager for a property and we could not take cash either, but we could take money orders! I just told my residents to go to their bank and get one there - should be no problem!

[MissCrabette]

Wow, thanks for that idea. They mentioned money orders, but I don't know why I thought the fees would be much higher. Thanks a million!

[Michele]

Did you ask a local bank if they could help you get it to your bank? I'm assuming you mean a rather large sum....not something you want hanging around your house. I would think a local bank would be able to give you some sort of a bank note that you could then give to the credit union. Maybe ask the credit union what to do, or call your East Coast bank.

[MissCrabette]

Well, it's not a LARGE sum, but also not something I could spend locally in a short period of time. It's $2,900, and it would take me a long time if I were to only buy groceries, and I'd hate having to track all those transactions for months and months. I think the easiest solution would be to do what MrsPotts suggested and get money orders at the post office for a small fee. That way I could pay the rent and be done with it much sooner and in only a few transactions.

[Tenacious_D]

Sadly, it wouldn't take that much effort for me to spend the cash....

[oceanchild]

Is your credit union part of Co-Op? http://www.co-opfs.org/public/locato...ator/index.cfm

I'm always able to find an ATM that will take my deposits (cash or check), even though we use an east coast credit union.

[PrincessFiona]

I was going to suggest money orders and then send those to your bank to be deposited, but paying the rent seems like a better solution. Yay for the $2900 though!

Kris

[MissCrabette]

Is your credit union part of Co-Op? http://www.co-opfs.org/public/locato...ator/index.cfm

I'm always able to find an ATM that will take my deposits (cash or check), even though we use an east coast credit union.

Well, what do you know, IT IS!!! That's awesome. I was starting to regret asking this question because it doesn't seem like much of a problem to most people, but I never would've thought of this on my own. Thank you!

[MDPhDWife]

Just a word of caution from someone who worked at a bank for several years...Never deposit cash through the ATM. Should there be a discrepancy, you'll have no proof how much you deposited & you'll be at your banks mercy. Spend the $5 or so that the local bank/credit union charges to convert the cash into a money order or cashiers check & then deposit that.