I read somewhere you could use cash deposit at certain places (I had seen a wells fargo by me allows it) and then transfer to mtgox, but I forgot where I read that. Can someone explain to me the exact method? Also do I need to be mtgox verified for smaller transactions (few hundred) or for cash deposits?
For Mt. Gox, the only cash deposit method is through BitInstant, which accepts cash in the U.S. only at Moneygram locations (e.g., 7-11, Walmart, CVS, etc.).
For BitFloor you can deposit cash at Bank of America for credit to your BitFloor account.