Hacker News Reader

Comment by wslh | Hacker News Reader

Does bank offices have a lot of cash now? Just thinking that the use if card and mobile payments reduced the cash in place.

Just curious ;-)

View on HN

I have an ex who worked for a bank. No, they do not. In fact, a lot of customers get pretty angry they can’t “just have their money” on a whim because bank offices are now extremely strict about knowing when, why, and for how long a given bank will have beyond a certain threshold of funds, and they generally work hard to keep it below that threshold.

Yeah, I wanted to pay a contractor in cash. The amount was under $1,000. The bank would not allow me to take that much out without calling them a day or two in advance.

(I did later find out that same branch had been robbed earlier that month)

That bank

and your relationship with that bank

you shouldn’t have to be limited to a payment/custody system where you think about it but that’s how it is

always fix your banking rails before you need them

Not being able to access $1k cash is inexcusable. I would switch banks.

Yeah that's not really a lot of money these days.

I had no trouble last year walking in to my bank and getting $7,000 in cash to buy a car. They didn't have it in the drawer at the counter, but it took them just a few minutes to go the the back room/vault and get it.

It’s not usually a problem because they will happily give a cashiers check

Usually they have a few branches in each decent sized geographic area that carry heavier cash.

If you’re a frequent flier for cash, you learn about them.

they keep the absolute bare min. to deter theft

Reply on news.ycombinator.com