Cashless society

[neverlandsky]

Cashless = less chance of a business getting rob.

 

[LuvOrlando]

The bank has humans lol. They just don't handle cash transactions.
Only cash is at the ATM. I had never heard of a cashless bank branch until while talking my friend was talking about work and mentioned hers being cashless.

And this has nothing to do with the USA as I live in Canada so not sure what you're on about.

Online use only ATMs, guess you don't have that there or your would have heard of it - funny how some parts of the world are so remote and different

 

[CdnCarrie]

Online use only ATMs, guess you don't have that there or your would have heard of it - funny how some parts of the world are so remote and different

Sorry still not understanding your point.

No I did not realized that some bank branches had gone cashless. It makes sense.

 

[AnnaS]

Cashless = less chance of a business getting rob.

I thought maybe not reporting the income........ I like your thought better

 

[tvguy]

The bank has humans lol. They just don't handle cash transactions.
Only cash is at the ATM. I had never heard of a cashless bank branch until while talking my friend was talking about work and mentioned hers being cashless.

And this has nothing to do with the USA as I live in Canada so not sure what you're on about.

Wow, cash transactions and getting into my safe deposit boxes are about the only reason I go inside a bank anymore. Most recent was to get Euros for my daughter to have on hand for when she moved to Germany. I go there once in a while to get new check book registers, cashiers checks, etc.

 

[CdnCarrie]

Wow, cash transactions and getting into my safe deposit boxes are about the only reason I go inside a bank anymore. Most recent was to get Euros for my daughter to have on hand for when she moved to Germany. I go there once in a while to get new check book registers, cashiers checks, etc.

I’m assuming some branches are cashless others aren’t. I should ask!

My bank branch (RBC) isn’t cashless.

 

[firefly_ris]

I think our local Six Flags is cashless. That's all I can think of. I don't frequent Tim's too much anymore but I stopped at one on our way home from camping in Allegany State Park and paid cash for 2 coffees there.

I live in a small rural town and cash is king. We have a fully staffed small local bank, there is 1 drive-up ATM with a $500 withdrawal limit. Anything bigger you need to go inside. I do a lot of buying and selling on FB Marketplace, pay cash for discounted services, and live somewhere that loses power 5 to 7 times per year so totally cashless would be no bueno for me.

 

[kdonnel]

Where are @tvguy and @kdonnel when we need them?

Oddly getting ready for a trip to Las Vegas where I WILL bring cash.

 

[tvguy]

Cashless = less chance of a business getting rob.

I'm not sure that is true. Businesses that accept cash keep very little of it in the cash drawer and make regular drops into the safe.
The big issue these days is theft of product. A pizza place here had a $3,000 wheel of cheese stolen. And 4 kegs of beer valued at $400 each.
And there was an entire crime ring stealing product from Ulta beauty stores. They got $8 million in product (JUST IN CALIFORNIA) that they were selling on the black market.
https://www.abc10.com/article/news/...rged/103-874c5a72-9309-468a-8298-c46c6a2e7270

 

[mommasita]

Online use only ATMs, guess you don't have that there or your would have heard of it - funny how some parts of the world are so remote and different

remote ? It’s Canada, your neighbour. For sure we do things differently, but we really are not remote from you. We would not need that ATM, as most of our banking is done online, and sent to us, removing the need to go TO the bank entirely. We pay our bills instantly, send E transfers in seconds. Can’t remember the last time I went in a bank.

And to @CdnCarrie , I was at Tim’s 2 weeks ago for a tea/muffin with a friend. Paid with cash, no issue. It is rare that I go, but my husband goes every day (that’s another topic lol), and reports back cash is fine.

 

[barkley]

I do a lot of buying and selling on FB Marketplace, pay cash for discounted services, and live somewhere that loses power 5 to 7 times per year so totally cashless would be no bueno for me.

just today i had to deposit about $600 in cash for fb marketplace sales. i'm also a BIG fan of the cash discount when i can get it AND one of the craziest scenes i remember in a grocery store was several years back when a wind storm knocked out the power for enough days that the backup generators were not operating the debit or credit card machines so unless you had cash or an old school paper check you were out of luck (allot of people learned from that the value of having a brick and mortar bank locally vs. online cuz you could get cash quick at one/none from the other).

 

[Diznygrl]

I guess I don't really mind too much if a few places decide to be cashless, but I think having it become a thing across the board is dangerous. As others have said, in the event of a disaster or just in general when the debit/credit system is "down" at a store/restaurant (which happens a lot), then everyone is screwed because they don't have the option to pay with cash. Also homeless people or others down on their luck who don't have access to a card need the ability to pay with cash. Last I checked, cash is "legal tender for all debts, public or private". Honestly, I would think it would be ILLEGAL to not accept cash as payment.

 

[georgina]

There is a PNC service center near me which I was surprised to learn does not do cash transactions also. I had gotten some cash out of the ATM there but wanted $5’s which the ATM doesn’t give. Had to walk to another PNC to do that.

Was at a small restaurant on Friday that had no internet when we arrived. I always carry cash when dining out with a group, so was prepared, but it eventually came back before we paid. I often don’t have cash on me when I go to the grocery or pharmacy, just a credit card.

Went to the navy football game last month and my friend was annoyed she had to use credit or debit to buy a bottle of water (and then they give you the screen to add a tip!). Like you are going to tip for a bottle of water.

 

[Party.Of.4-NY>>>FL]

I guess I don't really mind too much if a few places decide to be cashless, but I think having it become a thing across the board is dangerous. As others have said, in the event of a disaster or just in general when the debit/credit system is "down" at a store/restaurant (which happens a lot), then everyone is screwed because they don't have the option to pay with cash. Also homeless people or others down on their luck who don't have access to a card need the ability to pay with cash. Last I checked, cash is "legal tender for all debts, public or private". Honestly, I would think it would be ILLEGAL to not accept cash as payment.

I agree with you. To add to that, credit card companies have already captured a healthy percentage of our retail economy with the transaction fees they charge businesses. (Those fees are passed on to the consumer.) If every business went cashless we are talking about credit card companies capturing somewhere in the neighborhood of 3-4% of our entire retail economy. And because cash would no longer be an option, credit card companies would have less incentive to provide perks to their cardholders.

 

[tvguy]

I agree with you. To add to that, credit card companies have already captured a healthy percentage of our retail economy with the transaction fees they charge businesses. (Those fees are passed on to the consumer.) If every business went cashless we are talking about credit card companies capturing somewhere in the neighborhood of 3-4% of our entire retail economy. And because cash would no longer be an option, credit card companies would have less incentive to provide perks to their cardholders.

And that just leaves the "unbanked" hanging out to dry. The folks who have to pay their rent in cash, or go to 7-11 to buy a money order. Not sure how the unbanked are dealt with in Canada.

 

[georgina]

I agree with you. To add to that, credit card companies have already captured a healthy percentage of our retail economy with the transaction fees they charge businesses. (Those fees are passed on to the consumer.) If every business went cashless we are talking about credit card companies capturing somewhere in the neighborhood of 3-4% of our entire retail economy. And because cash would no longer be an option, credit card companies would have less incentive to provide perks to their cardholders.

Debit card swipe fees are less than those for credit cards.

I also am seeing a lot of TV ads against the proposed legislation which will reduce the credit card swipe fees

 

[kymom99]

Great American ballpark in Cincinnati is cashless. A couple years back my sister and I went to a game with tickets from Cincinnati Children’s Hospital. We were also given a $15 voucher to use at the concession stands. We decided to split an order of nachos and my sister got a bottle of water. Total was $15.01. I literally had to get my debit card out and charge one penny because they could not take cash.

 

[Babs Johnson]

Chicago Bears game last weekend was cashless. I run into cashless places quite often. Doesn't bother me.

Most sports venues have been cashless for several years now. Amusement parks too. Those cashless places have reverse ATMs that covert cash into a pre-paid Visa or Mastercard. Some charge a fee for this, some don’t.

 

[bcwife76]

I can't speak to any Tim's Hortons location here re:cashless. The one closest to our house has a known rat problem so we've basically written off the entire chain. It's pretty gross now what they serve anyway I can tell you one place for sure in Vancouver that is now cashless and that's Rogers Arena (pretty big place to be cashless).

 

[luvthatduke]

Humans will always be needed somewhere.

Occupations will change and humans will adapt.

I do agree that there will always need to be a form of currency for dire situations like natural disasters.

Mr. Rogers addressed this years ago, I looked for it but couldn't find the episode or quote.
Anyway, it seems a child, or children, had written to him because they were concerned
that machines would take over the world.
He put it into one of his episodes & explained that people will always be needed
to run those machines.

What if you need to withdraw an amount that is over the ATM limit?

My bank has no tellers, just an ATM outside & inside.
There is no window on the outside for a drive-thru teller.
However they have a Manager, Assistant Manager, & Associates.

If you need $10's, which the ATM does not provide,
one of them will go to the back & bring out what you need.
If you need to draw over your daily $500 limit the Asst. Mgr. helps out with that.
You can also write a check & they will cash it inside.
The people are very helpful & never seem irritated, etc.

When we xferred our accounts there I walked in & saw the teller counter walled in.
I was shocked!
The assistant manager explained it all to me & then told me that this would
be happening at many other banks in our area.
IDK if it has but now I'm used to it.