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My wife works at a bank. She hasn't said anything about weird stuff with cash availability or anything.Just curious. Also curious if you are having any other issues with banks lately...
My wife works at a bank. She hasn't said anything about weird stuff with cash availability or anything.
Banks keep cash on hand based on anticipated transactions. Given that most people now go to the bank about as often as they go to the Post Office and only slightly more often than they go to Blockbuster Video, banks are likely keeping less on hand than they did 15-20 years ago.Not necessarily availability but taking large amounts out. Or having to schedule appointments to do so.
Really? I went to my local bank and cashed a few small checks that totalled $240. Teller asked how I wanted it....big bills or small? I jokingly said coins. Without a pause she asked me if I wanted them all in quarters or other. I told her I was just kidding and asked if they've had any issues. None at all in any of their branches in NebraskaNot at all. Only issue is with coin
Like she'd divulge to you.My wife works at a bank. She hasn't said anything about weird stuff with cash availability or anything.
Coins are scarce because the mints have been down and people are putting way less cash back out into circulation. Our grocery store recently stopped giving coins in change. I think they'll give you a credit slip if you request it.Really? I went to my local bank and cashed a few small checks that totalled $240. Teller asked how I wanted it....big bills or small? I jokingly said coins. Without a pause she asked me if I wanted them all in quarters or other. I told her I was just kidding and asked if they've had any issues. None at all in any of their branches in Nebraska
Man, Blockbuster Video, haven't heard that name in awhile.Banks keep cash on hand based on anticipated transactions. Given that most people now go to the bank about as often as they go to the Post Office and only slightly more often than they go to Blockbuster Video, banks are likely keeping less on hand than they did 15-20 years ago.
Reminds me, I’ve seen tons of recent burglaries with no mask. Seriously, this is the one time you could literally walk right up to where you are burglarizing, and you show your face.its been a lot easier with my mask on.
Go back to council Tuckee buddyLike she'd divulge to you.
Reminds me, I’ve seen tons of recent burglaries with no mask. Seriously, this is the one time you could literally walk right up to where you are burglarizing, and you show your face.
its been a lot easier with my mask on.
Wish I had some money in my account to take out or some to put in the bank.
I've been there, and to the bank, the same number of times this year.Man, Blockbuster Video, haven't heard that name in awhile.
So do we round up or down on sales tax?This is silly to me. Do 2 weeks of PSAs. People, convert some coins to paper. And yes, demonituze the penny, the same way we did the half cent. Its time.if it costs more than a penny to make a penny....just sayin
Not necessarily availability but taking large amounts out. Or having to schedule appointments to do so.
Reminds me of the Blockbuster Bowl played for a few years at Joe Robbie Stadium before the Orange Bowl Classic. They actually had some really good matchups:Man, Blockbuster Video, haven't heard that name in awhile.
I saw a recent video of a guy who came in to an Ace Hardware in Lincoln. Grabbed some chain saws and walked out. He wore no mask and no hat. Amazing.Reminds me, I’ve seen tons of recent burglaries with no mask. Seriously, this is the one time you could literally walk right up to where you are burglarizing, and you show your face.
I believe if you pull a certain $ amount out - $10,000 or more - the bank has to report that transaction to the government. They are required to report what you are using it for. This was started as part of the Patriot Act.Just curious. Also curious if you are having any other issues with banks lately...
Forever stamps.The banks better have cash, how else to we fund the country scholarships?
Another thing to keep in mind for money in banks is that the Dodd Frank bill from the 2008 housing crisis put in a “bail in” provision, where the cash the have on deposit is considered their asset and if they run into financial issues, can use those funds to help bail themselves out.
It's because the FED dropped the reserve requirement to zero back in March. Banks no longer have to keep as much cash on hand as they used to. Its pretty reckless, quite honestly, because that's what keeps us from having a run on the banks.
A local bank owner acquaintance of mine lobbied long and hard against Dodd Frank because of what it was going to do. It's a terrible piece of legislation. I fear for our financial institutions and what the stupidity surrounding this pandemic might do. Buy ammo.
Add: The only time I've ever had a problem taking cash out was when I wanted to draw 30K from my line of credit right before Y2K....just in case. It took them a couple of hours to run down some cash from their other bank.
I would not want to be holding commercial real estate paper in any of the large blue state cities that are suffering from edicts and protests. They're in big trouble. That said, buy whatever real estate you can in growing towns in South Dakota and maybe even Nebraska. There's going to be a flight to lower tax/safer areas. Seattle's migration rate right now is over 10:1 outward. New York City has had a similar rate of outbound migration. I'm sure depending on the election results we'll be throwing billions of dollars at cities whose governors and mayors are responsible for things going down the crapper.
I think this is the more relevant piece of info. Fractional reserve banking allowed the banks to use your deposits to make investments. Why did they drop this important fractional rule to zero? Well, I have noticed quite a few "FOR RENT" and "FOR LEASE" signs in many commercial property areas out here in California. Just drove through a very nice part of Rancho Cucamonga last night and noticed it there along with Pier 1 Imports going out of business. Seems like a lot of these big retailers are donezo. I wonder who holds the most commercial real estate property and is counting on that revenue.
And depositI believe if you pull a certain $ amount out - $10,000 or more - the bank has to report that transaction to the government. They are required to report what you are using it for. This was started as part of the Patriot Act.
I believe if you pull a certain $ amount out - $10,000 or more - the bank has to report that transaction to the government. They are required to report what you are using it for. This was started as part of the Patriot Act.
Took $15 k out today. Not a problem at all
Sounds like something a cop would say.I'm curious. What do you need 15k in cash for that you couldn't pay for with a transfer or cashier's check?