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Ok... Which one of you dropped your ATM Receipt?
Old 06-30-2011, 02:38 PM   #1
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Ok... Which one of you dropped your ATM Receipt?

Take a look.

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Old 06-30-2011, 02:42 PM   #2
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Damn, looks like I need to be more careful...
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Old 06-30-2011, 02:55 PM   #3
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Oh please, that can't be anyone here. Whoever's that is, they were willing to pay the $2.75 out of network ATM fee.
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Old 06-30-2011, 03:23 PM   #4
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Oh please, that can't be anyone here. Whoever's that is, they were willing to pay the $2.75 out of network ATM fee.
Hey, all of my ATM receipts have fees on them.

(Of course, my bank rebates them to me each month, so hopefully I haven't lost too much "street cred" for this confession...)
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Old 06-30-2011, 03:48 PM   #5
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I agree it doesn't belong to anyone here - OK, maybe Danmar, but I suspect he, like the rest of us would have most of that $100M invested in something with a return a little better than a checking account.
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Old 06-30-2011, 03:56 PM   #6
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No, it's just pocket change for him. His REAL MONEY is invested.
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Old 06-30-2011, 04:09 PM   #7
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Maybe one of the posters who went all cash...

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Old 06-30-2011, 04:11 PM   #8
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I agree it doesn't belong to anyone here - OK, maybe Danmar, but I suspect he, like the rest of us would have most of that $100M invested in something with a return a little better than a checking account.

The receipt says savings account, right now the old fashion passbooks savings account have some of the highest interest rates around. Schwab's is .4% and I think the internet banks like ING exceed 1% which ain't chump change with $100 million.

The bigger question is since Capital One isn't on the too big to fail why not have the money with a safer bank?
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Old 06-30-2011, 04:20 PM   #9
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The receipt says savings account, right now the old fashion passbooks savings account have some of the highest interest rates around. Schwab's is .4% and I think the internet banks like ING exceed 1% which ain't chump change with $100 million.

The bigger question is since Capital One isn't on the too big to fail why not have the money with a safer bank?
Dividing $100 million into a little less than $250K is a lot of accounts...
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Old 06-30-2011, 04:28 PM   #10
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The receipt says savings account, right now the old fashion passbooks savings account have some of the highest interest rates around. Schwab's is .4% and I think the internet banks like ING exceed 1% which ain't chump change with $100 million.

The bigger question is since Capital One isn't on the too big to fail why not have the money with a safer bank?
More than likely he does.... if you have a Cap One account they do not charge you..... so, the money must be somewhere else...
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Old 06-30-2011, 04:43 PM   #11
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Caught! It was me. That $2.75 is part of the vast, actually immense supply of funds that I am secretly spending and covering up with creative math and money laundering (love that squeaky clean money!).
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Old 06-30-2011, 04:51 PM   #12
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The update says it belongs to hedge fund manager D. Tepp (presumably David Tepper), who says he hasn't used an ATM "since Lehman." Nice. He made $4 billion in 2009, so $100 million is just pocket change to him, I guess.
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Old 06-30-2011, 05:31 PM   #13
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Thought it was Danmar too, but he might want to avoid the ATM fee, since he is one of us thrifty ER types.
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Old 06-30-2011, 05:46 PM   #14
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I think this will turn out to be bogus in that out-of-network ATMs could easily miscommunicate amounts. Even I had a huge ATM receipt number once when the teller made a typo the day before.

Also I wonder if you could do this: Deposit "checks" via ATM and state that the deposit amount is $190,0121,491.45 or so. I think the software will update your account total even though it is "pending". Then go around and check your balance leaving the receipt dangling.
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Old 06-30-2011, 05:48 PM   #15
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I vote for the account where the fee get rebated guess.
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Old 06-30-2011, 07:54 PM   #16
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This has to be photo-shopped. Who in their right mind would have $100 million at Capital One? NO WAY. Would I believe it if it was JP Morgan or Northern Trust or some other "good" bank? Maybe, but Capital One. Gimme a break.
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Old 06-30-2011, 08:00 PM   #17
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I agree with LARS. Doesn't look genuine.
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This has to be photo-shopped.
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Old 06-30-2011, 08:03 PM   #18
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Looks to me like a fake ATM receipt that will be broadly cast over many, many financial forums such as this. Funny, though.
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Old 06-30-2011, 08:25 PM   #19
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The bigger question is since Capital One isn't on the too big to fail why not have the money with a safer bank?
Heck, with that balance he might consider just buying a safer bank...
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Old 06-30-2011, 09:37 PM   #20
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I appreciate the efforts of all previous posters who tried to cover for me. However, being the closest geographically, I have no choice but to confess.

The local ATMs in East Nowhere don't print receipts with that many digits, so I drove 5 hours to Long Island today and back, just for access to modern technology the hell of it.

That $2.75 ATM fee was just a drop in the bucket compared to the NYS Thruway tolls and the gasoline.

But it was more than worth it to get my 15 minutes of e-fame.
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