No. This is a bank

  • db2@lemmy.world
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    7 months ago

    All that risk for the equivalent of a recent model used car.

    • lud@lemm.ee
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      7 months ago

      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. My bank decided in 2008 that only ⅓ of their banks should handle any cash. It seems that they have since gone completely cash free.

        • lud@lemm.ee
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          7 months ago

          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.

          • candybrie@lemmy.world
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            7 months ago

            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.

            • lud@lemm.ee
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              7 months ago

              Ah, I got you. Thanks for explaining.

              I never imagined that any banks would ever keep cash in any large quantities. That seems like it would be extremely annoying for everyone when you can just let other companies handle the cash and ATMs and instead just send money digitally. I can imagine any banks has operated like that for a few decades at least.

      • jaybone@lemmy.world
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        7 months ago

        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?

        • lud@lemm.ee
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          7 months ago

          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.

            • lud@lemm.ee
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              7 months ago

              I wouldn’t say excited but I don’t care much. I personally never ever use cash because it’s a hassle but I obviously think that it should be possible.

              And banks having cash is honestly pretty useless anyways.