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originally posted by: DigginFoTroof
I remember around early 2000's I started seeing these little containers of black wax at the bank tellers and when I would cash or deposit a check they would ask for a thumb print on the back of the check. This wax would easily rub off (my finger) after doing the print but IDK how permanent it was on the checks. Then after a few years this seemed to just disappear and I've never been asked again and never seen it since.
I think this is really odd that it came out of no-where and maybe it had something to do with 9/11 and the Patriot Act. After a number of years, maybe they had collected everyone's prints and no longer needed to do this or something. I know there was no difference in my ID until just last year with the issuing of "Real ID", so I don't think this was stopped b/c people suddenly got better ID's that couldn't be counter fitted.
Do any of you remember going through this for a time? Do you remember why they started doing it and why they stopped? Do any of you still have to give a print to cash a check or deposit it?
originally posted by: hombero
a reply to: DigginFoTroof
Never been asked for one because I've never cashed a cheque. It's 2018
Every day, unfathomable amounts of money move around the world. How much are we talking about? According to the US Treasury Department, the SWIFT international payment network handles more than $1.25 quadrillion dollars per annum, CHIPS transfers $400 trillion dollars, while Fedwire moves $900 trillion. Once you add smaller payment networks into the mix, and more than $2.5 quadrillion dollars flow across borders every year.