Fordham Law School Professor Annemarie McAvoy is quoted on Snopes.com about why Chase is ahead of the curve when it comes to not allowing cash deposits by non-account holders.
“It’s an excellent idea. I guarantee other banks will follow suit very shortly — if they’re smart,” said Annemarie McAvoy, a former federal prosecutor who now teaches anti-money laundering and counterterrorism at Fordham Law School.
Read more about Chase’s decision.