Hi everyone! I’ve recently started using Wells Fargo for my business, and I’m curious about their cash deposit limits. I sometimes need to deposit a significant amount of cash, and I want to make sure I’m not hitting any unexpected limits. Does anyone know what the cash deposit limit is for Wells Fargo, or if there are any special requirements I should be aware of? Any personal experiences or tips would be greatly appreciated!
Why you would conduct a transaction of this magnitude at an ATM is beyond me. I apologize, but that seems incredibly foolish.
Perhaps because of this sub, 10K didn’t seem like a lot of “scale” for a transaction to the OP.
It’s merely a tick. Reissued checks are available in the event of a problem.
I’ve been running a small business for several years now and have dealt with various banking needs. Recently, I switched to Wells Fargo for its business services. When it comes to depositing cash, I found that Wells Fargo typically has a daily cash deposit limit of $10,000 for business accounts, although this can vary depending on the account type and the branch. It’s essential to check with your local branch or online banking portal for specific details, as they might have additional requirements or offer higher limits for premium accounts. Additionally, for larger deposits, it’s often helpful to notify your bank in advance to ensure smooth processing. Personal experience has taught me that keeping an open line of communication with your banker can help avoid any hiccups.
In most cases, when making large cash deposits, you may be required to provide identification and explain the source of the funds. This is part of standard anti-money laundering procedures.
In my experience, the exact limit varies but it’s typically around $10,000 per day for business accounts. For precise information, it’s best to contact your local branch or check your account agreement.