Y'all ready for FedCoin™?

[Grumps21]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

 

[benenglish]

Look how much banks' reporting requirements have changed for cash withdrawals.

When that happens, barring some change in federal law, look to local factors. Temporary changes in reporting thresholds can be set by regional authorities.

It's actually kinda weird to listen to a SAUSA try to flex on everybody at the bar after work, talking about how "We dropped the cash transaction threshold to $2K," taking credit for something he didn't (personally) do and thinking the people around him will admire him for it. BTDT and it's just weird.

 

[MountainGirl]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

Mine, too.
I go inside to withdraw cash; anything over $2k has to be approved by a manager.
My God how things have changed.

 

[mroper]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

The machine can only hold so many denominations. most would not be able to hold fifty's and tens

 

[toddnjoyce]

My experience occurred in real life.

I don’t doubt that, but it’s also good to know if who you do business with is complying with company policies.

 

[benenglish]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

I don't mind hundreds. The local HEB is happy to break them if I need singles to feed the lottery machine, whether I actually use them for that purpose or not.. And the self-checkouts at HEB and most other places will take them, too. I've broken $100 bills by buying a 4-pack of soup.

As for dealing with the bank, I'm not shy about asking about their cash delivery schedule. "Y'all's cash gets delivered on Thursday, right? And you order on Tuesday, right? Well, since it's Monday, I'm letting you know I'll be cashing a check on Friday for $12K. I'll need $10K in 100s and $2K in 2s. You'll make sure you can cover that, right?" is a conversation I've had more than once with the teller in charge at my bank.

 

[ZX9RCAM]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

Which bank?
I bank with Chase.
Haven't been to an ATM in a while, but never seen bills except twenties offered.

 

[1911'S 4 Me]

Wells Fargo ATM gives you a choice of denomination.

 

[TheDan]

They (my bank anyway) is making cash cumbersome to get. They recently changed their ATM rules. Want $100? You now get a $100 bill instead of five $20s. They now dispense in the largest denomination of your request. $80 gets you four $20s for some reason instead of a 50, 20 & 10. I’m having to do multiple $80 transactions in order to get usable currency that the local 711 can make change for.

That's probably just inflation. A $20 is like what a $5 used to be

 

[Grumps21]

Which bank?
I bank with Chase.
Haven't been to an ATM in a while, but never seen bills except twenties offered.

Smart CU

 

[benenglish]

Which bank?
I bank with Chase.
Haven't been to an ATM in a while, but never seen bills except twenties offered.

I only hit 2 ATMs with any regularity. Regions bank dispenses 50s and for anything over $200 it chooses to dispense 5 $20 bills and do the rest in 50s. Bank of America dispenses 100s and let's you pick which denominations you want but does not have $10 bills.

It seems like they're all different.

 

[MountainGirl]

..

As for dealing with the bank, I'm not shy about asking about their cash delivery schedule. "Y'all's cash gets delivered on Thursday, right? And you order on Tuesday, right? Well, since it's Monday, I'm letting you know I'll be cashing a check on Friday for $12K. I'll need $10K in 100s and $2K in 2s. You'll make sure you can cover that, right?" is a conversation I've had more than once with the teller in charge at my bank.

So have I, exactly that. And, when I went to pick up my money, I had to sign a one-page document acknowledging that I was taking the cash and that I understood the risk of having so much cash not safely in the bank. (2021, Sandpoint ID, Mountain West Bank, a division of Glacier Bank).

 

[benenglish]

when I went to pick up my money, I had to sign a one-page document

Signing a currency transaction report never bothered me.

A form from the bank acknowledging a security risk is silly but wouldn't bother me, either.

There's no escaping paperwork, it seems.

 

[Eastexasrick]

I have a local bank, they have just a few offices in Cass and Morris Counties. They have no problem with cash. They have actual people with authority in the offices. It is a novel approach, but works.

 

[MountainGirl]

Signing a currency transaction report never bothered me.

A form from the bank acknowledging a security risk is silly but wouldn't bother me, either.

There's no escaping paperwork, it seems.

It's not a paperwork issue, for me.
Matter of fact, if it had stayed on paper, and was filed away lost deep in the piles somewhere I'd feel better about it; undoubtedly it's been digitized - and therefore the amount of cash I had at home was available information to anyone who could access the info, legitimately or otherwise.

 

[John Sam Rayburn]

If the Constitution fails, the USG fails and no amount or type of USD will hold value. At that point, we’re back to societal collapse.

The U.S. Constitution was flushed down the toilet in 1865.

USD value is based up "the full faith and credit of the U.S. Government".

Full Faith and Credit: What it is, How it Works

Full faith and credit describes one entity's unconditional guarantee or commitment to back the interest and principal of another entity's debt.

www.investopedia.com

When Uncle Sugar can no longer service his debt obligations, Uncle Sugar's spending reduces dramatically, right down to the bare Continuity of Government functions.

You are wise to prepare for the end of Federal spending on EBT cards, EMS services, V.A. Pensions, and Medicare. It won't be pretty.

United States federal government continuity of operations - Wikipedia

en.wikipedia.org

 

[toddnjoyce]

The U.S. Constitution was flushed down the toilet in 1865

If that’s the case, do you pay taxes, vote, exercise freedom of speech or religion? Do you enjoy any of the rights, privileges, and protections guaranteed in it, or do you face summary execution when you are pulled over for speeding?

If you don’t have one, you have none.

 

[MountainGirl]

If that’s the case, do you pay taxes, vote, exercise freedom of speech or religion? Do you enjoy any of the rights, privileges, and protections guaranteed in it, or do you face summary execution when you are pulled over for speeding?

If you don’t have one, you have none.

Good thing Texas has her own Constitution.
Might be helpful if/when the Republic awakens.

 

[John Sam Rayburn]

President Putin reports good progress on BRICS De-Dollarization.

De-dollarization is irreversible – Putin

De-dollarization is “gaining momentum” as BRICS gradually replaces Western nations as the world’s leading economies, Vladimir Putin has said

www.rt.com

 

[benenglish]

President Putin reports good progress on BRICS De-Dollarization.

De-dollarization is irreversible – Putin

De-dollarization is “gaining momentum” as BRICS gradually replaces Western nations as the world’s leading economies, Vladimir Putin has said

www.rt.com

He's lying.