So?although it's also interesting to see the number of sub-$100 balances documented on those discarded receipts.
The average customer only has one checking account. If that account has less than $100 in it, somebody is having to make choices between groceries, gas, diapers, and rent.So?
For me, ATM usage is free.
But, on the other hand, I only use an ATM about once every 3 years.
My checking account (I have only one) usually has <$300 USD in it. I don't rent and am don't need diapers (for my butt) yet. We only put 4200 miles/year on our car. [Insert your favorite deity here] invented Apple Pay for a reason.The average customer only has one checking account. If that account has less than $100 in it, somebody is having to make choices between groceries, gas, diapers, and rent.
So I go to CVS and buy a pack of gum with my "Care Card." The register regurgitates 10 feet of (mostly worthless) coupons. I'm not exaggerating too much here - maybe just a little.
So I go to CVS and buy a pack of gum with my "Care Card." The register regurgitates 10 feet of (mostly worthless) coupons. I'm not exaggerating too much here - maybe just a little.
My guess: The paper in an ATM is virtually 'free' by comparison to what it costs Chase (or whomever) to INSURE that their machine NEVER runs out of paper. The bonded folks who service the machines probably cost $35 a call to stuff the machine with cash and change out the paper rolls (long before they need it - just in case.) YMMV
More like $135 per call. (my guess).
They require probably 2 workers, as I asked once long ago at the bank and it was 2 workers, because if some cash went missing, did the customer really deposit it
We use ours weekly. Our ATM offers email, print or both receipts. DW insists on a receipt, I think it’s a waste of paper. So I’d be privately pleased if our bank eliminated ATM paper receipts, makes sense to me for several reasons like environment, bank labor, etc.I use ATMs fairly often, monthly at least. Seems to me that many of them ask if I want a receipt instead of printing one automatically. That would be a better solution.
I can’t accuse BoA of that. We use online statements and wouldn’t want a paper statement. And all their “junk mail” is via email, they don’t send anything via snail mail, and we like that.Thread drift:
What about those banks (and other companies) who want to charge you for one paper statement per month, but every week they send one or two large, glossy advertisements in the mail?
Oh yeah! CVS receipts are notorious.
<<SNIP>>
I have not used any cash in the USA during the last 20 months.I’m curious where all you infrequent ATM users get your pocket money?
Thread drift:
What about those banks (and other companies) who want to charge you for one paper statement per month, but every week they send one or two large, glossy advertisements in the mail?
Thread drift:
What about those banks (and other companies) who want to charge you for one paper statement per month, but every week they send one or two large, glossy advertisements in the mail?