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Updated over 6 years ago,
Cash rent deposit at bank
We have three tenants that pay each month with cash. Prior to 2/1/18 Bank of America accepted a cash deposit directly into our property account. Now the bank will not accept cash unless the person depositing is listed on the account and presents ID. How can we accept cash and have the tenant deposit? I don't want to collect in person each month. Each deposit is less than $1,000.
Thanks in advance.