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I sold a car and have a bunch of cash that I'd like to put into my CapitalOne savings account.

I live in the Atlanta suburbs, where CapitalOne has no branches and no ATMs that accept deposits. Their rep told me to visit CVS pharmacy 10 times over the next 2 months and deposit the cash there (to be under their daily deposit limit).

To skip that hassle, I'd rather pay ~$10 for a cashier's check of $9,900 that I could then use the CapitalOne app to deposit.

I also have a Schwab bank account and American Express bank account, but those don't allow depositing cash either.

I visited a Chase bank today, but they wouldn't sell me a cashier's check unless I opened an account with them.

I've been unable to find a bank that allows it.

What do you recommend?

littleadv
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Ryan
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1 Answers1

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It would have been better to ask for a cashier's check from your buyer instead of cash, but I guess that ship has sailed.

You can buy money orders from a local post office, or as you mentioned in your comment - some local stores. You'd need to do 10 of them, since they have $1000 limit.

Alternatively you can consider opening an account with some local bank, depositing there and then transferring. I doubt any bank would convert your cash into their cashier's check without you having an account there ("know your customer" laws and such).

littleadv
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