Not sure what you mean, but my bank has like 70+ locations in my country.
In 2012 they apparently had 165 locations and 101 of those only had ATMs and no manual cash handling.
My bank was the first with this large scale change but now every bank is essentially cash free. Hell, the whole country is essentially cash free.
Fractional reserve is a reference to banks needing to keep a fraction of their customers’ deposits but are allowed to invest/lend out the rest. Some people think this means keep a fraction of customers cash on hand because liquid assets are often referred to as cash in accounting even if it isn’t actually paper money.
Banks are cash free now??? What a world. At what point to we get to where banks don’t really do anything at all except legally rob you and bill you for stupid shit?
Yeah, cash free greatly decreases the risk of robberies from high to non-existent. And no one really uses cash anyways here so it doesn’t matter much. If someone wants to use cash anyways, we have these machines that are called automated teller machine.
I am not saying I’m a huge fan of banks but they do actually provide useful very services like debit/credit cards, loans, safe keepings of money, and a bunch of other stuff. And if you only use the basic services with a debit card plus basic bank accounts there are minimal yearly fees. I pay nothing because I’m young enough but in a few years I will have to pay what’s equivalent to around 55 USD each year, which I think is very reasonable.
You can get a fairly decent new car for that money or you can where I live anyways.
Might not be the coolest car in the world but it will be fine.
Not saying that robbing banks with an avocado is a good idea though. Here they wouldn’t get shit because nearly none of our banks handle any cash.
Fractional reserve… technically zero is a fraction.
Not sure what you mean, but my bank has like 70+ locations in my country.
In 2012 they apparently had 165 locations and 101 of those only had ATMs and no manual cash handling. My bank was the first with this large scale change but now every bank is essentially cash free. Hell, the whole country is essentially cash free.
Fractional reserve is a reference to banks needing to keep a fraction of their customers’ deposits but are allowed to invest/lend out the rest. Some people think this means keep a fraction of customers cash on hand because liquid assets are often referred to as cash in accounting even if it isn’t actually paper money.
Banks are cash free now??? What a world. At what point to we get to where banks don’t really do anything at all except legally rob you and bill you for stupid shit?
Yeah, cash free greatly decreases the risk of robberies from high to non-existent. And no one really uses cash anyways here so it doesn’t matter much. If someone wants to use cash anyways, we have these machines that are called automated teller machine.
I am not saying I’m a huge fan of banks but they do actually provide useful very services like debit/credit cards, loans, safe keepings of money, and a bunch of other stuff. And if you only use the basic services with a debit card plus basic bank accounts there are minimal yearly fees. I pay nothing because I’m young enough but in a few years I will have to pay what’s equivalent to around 55 USD each year, which I think is very reasonable.
jfc
And you’re excited about it.