Wells Fart-N-Go
crazyjoe
Colorado
How long do you think it will be until we end up having a total cashless socoety.
The reason I ask is a good friend of mine is ex military and pays a lot of attention to that kind of thing. About a year and a half ago he went to his bank to draw out a larger amount of cash for a purchase. They limited him to $2,000 cash withdrawl per day. He told me about it then and he said someday you won't be able to get cash and the government will eventually eliminate all cash
About a month ago the same friend went to deposit some money in one of his daughters accounts because she was behind. The daughter banks at Wells-Fart-N-Go. When he oresented cash for the deposit they would not accept it! They said at least that branch does not deal in cash at all. He asked if he had an account there could he draw cash out. They said "No, we don't deal with cash AT ALL".
Has anyone else had anything like this happen to them?
I have not experienced this yet. I bank at two smaller local banks. One of them is in a few states and the other has 12 or 14 branches in and around my city. I feel smaller banks give better service and someone usually knows my name when I walk in the door.
The reason I ask is a good friend of mine is ex military and pays a lot of attention to that kind of thing. About a year and a half ago he went to his bank to draw out a larger amount of cash for a purchase. They limited him to $2,000 cash withdrawl per day. He told me about it then and he said someday you won't be able to get cash and the government will eventually eliminate all cash
About a month ago the same friend went to deposit some money in one of his daughters accounts because she was behind. The daughter banks at Wells-Fart-N-Go. When he oresented cash for the deposit they would not accept it! They said at least that branch does not deal in cash at all. He asked if he had an account there could he draw cash out. They said "No, we don't deal with cash AT ALL".
Has anyone else had anything like this happen to them?
I have not experienced this yet. I bank at two smaller local banks. One of them is in a few states and the other has 12 or 14 branches in and around my city. I feel smaller banks give better service and someone usually knows my name when I walk in the door.
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Oh I think it was the same meeting also where they were saying that pretty soon Starbucks would be the only coffee company to ever exist....because they were the best at adapting to change and giving the customer what they want.
Well, to this day I still occasionally write a check (I use a different bank than the awful one I worked for) and although I don't drink coffee; I know there is at least Dutch Bros.
I know this doesn't have much to do with the original post, but just an example of the (stupid) things big banks will come up with. Occasionally, they will make radical changes whether it benefits their customers or not also (think high paid guys in suits sitting in a room or out to eat at fancy restaurants drinking their expensive drinks and chatting about hmm what should we change this month).
If cash is eliminated, it will be harder to evade taxes. There are still alot of businesses who pretty much only deal in cash such as strip clubs, food trucks, laundromats, farmer markets.
Let's not even talk about how mongers would pay for their play......
Some small asian country will probably go totally cashless soon enough and we will see how it plays out there. I think cash will continue to dwindle as a percentage of all transactions but will stubbornly remain an option for the foreseeable future. As for the big, shitty banks im currently switching to a small, local credit union that wont rape me on fees and has better service and actual interest rates.
In HS I worked at a company manufacturing gold & silvers flatware and other precious metal objects ( 14k gold toothpicks for Shreveport, Crump, and Lowe) for $10.00 each. As a receiver I would take in hundreds of pounds of silver ignots and sheets of 24k gold. Times and prices have changed a little bit.