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    Consumer Confidential: As branches close, some banks are saying they don't want people's money

    by David Lazarus, Los Angeles Times Jul 23, 2018 4 minutes

    Edward Manley, 91, asked his son to deposit $38.50 in coins into his Wells Fargo account. Wells refused to accept them.

    Manley and his son are now suspected money launderers.

    Welcome to banking in the 21st century, with a growing number of financial institutions saying they won't accept cash deposits from anyone but account holders. Wells Fargo is the latest to announce such a policy.

    Bank of America has been limiting cash deposits since the beginning of the year. Chase has been doing it since 2014.

    "We take the privacy and security of our customers' accounts very seriously, and to better protect those accounts, we have put in place

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