Quote from: brixton74 on February 18, 2014, 04:34:17 AM

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

No, it's not. The scenario you describe is irrelevant to this issue. Chase is blocking cash deposits to accounts that don't have your name on them.

There is simply no benign reason for a bank to do this, or for a government to request/demand it. It points to a crackdown on using cash in general and/or using banks as a facilitator of cash transfers (like plenty of parents do for children, spouses do for each other, friends for one another, etc.)

And to think, there are folks who want to dilute the privacy of bitcoin because they're so eager to be in compliance with governmental wishes. Some people just can't see the writing on the wall.