This is also a safeguard on situations where someone may have a check with your name on it but an account number that belongs to someone else allowing for money to be stolen.  ID like this would prevent that from happening.  Western Union scammers and others tend to do this a lot.  http://www.aarp.org/money/scams-fraud/info-02-2012/tax-refund-scam-alert.html

Soon people will be tired of fiat and banks and they will come to join us in cryptoworld!

This was predicted years ago. Chase is scared of people using cash deposits to buy bitcoin, so they are becoming more restrictive, which chases their customers away to bitcoinland anyway.

They're damned if they do and damned if they don't. The bankers best bet is to look for real jobs - I saw that Jack in the Box is hiring.

Well, people affected will probably just migrate from Chase.

marcus_of_augustus - Well said!

In other news Wochovia and HSBC were found complicit in money laundering around .5 Trillion dollars in drug money.
But, the courts "found them" too big to jail as it would lower (is that possible?) confidence in the banking system, maybe even destabilize it. (I say they are doing a fine job on their own).
They were fined 1 billion USD. No jail time. Oh, and around 19,000 people were killed from their actions. So yeah, lets make sure Johns $500 cash deposit into Franks account is valid... 

Oh, get your popcorn, it is just getting more and more interesting.

Now to sports...

Banks are going to keep vomiting all over themselves as they slowly die. Pull as much money out of the big banks as you can, while you can.

They're going to keep attacking and fighting; Stealing as much of everyone's money as they can. They know what's happening. They know that people can see through their crap. They know that no one trusts them, but their biggest problem is that they don't know how to succeed by making people happy. Big banks, big Insurance, big agro, big healthcare only know how to succeed by making people more and more miserable.

I'd be prepared to see much, much more of this type of anti-consumer behavior over the next few years as people, Technology, and the internet stab the last few blows at the heart of these big businesses.

To the heads of these businesses, I say, it's time to retire. I think you have enough money.

For now. Let's see how long that remains a viable option.



Yup, probably beyond what we can imagine.

Banks tightening up like this just goes to show how afraid they are of cryptocurrency. If the banks are afraid, we're on the right track!

“You know you're over the target when you start taking flak.”