I run a food truck and about 40% of transactions are still cash despite having Square, people at festivals and street corners just prefer cash I guess. Problem is dealing with that cash is a nightmare, I can’t mobile deposit it obviously, most ATMs don’t accept deposits for business accounts, I have to physically go to a bank branch.

My bank branch closes at 4pm and I’m usually working until 7 or 8, so I end up carrying around hundreds or sometimes thousands in cash overnight which makes me nervous. I tried going to the branch on my day off but then I’m spending my only free time dealing with banking instead of resting or prepping for the next event.

I looked into those smart ATMs that accept cash deposits but they’re mostly for personal accounts, business account deposits require going inside to a teller. I asked my bank if they could just let me use the ATM for business deposits and they said it’s against their policy, something about fraud prevention.

Some food truck owners I know just spend the cash on supplies and inventory so they don’t have to deposit it, but my accountant said that’s a grey area for tax purposes and I should be depositing everything. I’m stuck between following the rules and wasting hours of my life going to bank branches during the only time they’re open.

How are other cash based businesses handling this without losing their minds?