Do you look at other's ATM receipts left by the machine to see the balances??

[azgal81]

No I never have! Why do people leave so much money in their checking accounts. Haven't they ever heard of investing/saving?? I have enough money in my account to pay the bills plus a hundred dollar buffer just in case something happens everything else is invested/saved elsewhere!

 

[kydisneyfans]

I have never looked-my wife spots the balance and thinks I am hiding money from her. Our account often only has a penny in it after bills. All other money goes to savings.

 

[LoraJ]

No I never have! Why do people leave so much money in their checking accounts. Haven't they ever heard of investing/saving?? I have enough money in my account to pay the bills plus a hundred dollar buffer just in case something happens everything else is invested/saved elsewhere!

Not to mention that each account is only insured up to $100,000. Not a good idea to keep all that money in one account.

 

[mickeyfan2]

I don't look b/c I wouldn't want some one to look at my balance. Its none of my business to see how much some one else has. I just find the nearest trash can and dispose it.

Me too.

I also do the same when I find a CC receipt at a gas station. I crumble it up and put it in the trash.

 

[GoofieRuthie]

I found one once sticking out of the drive up ATM that showed a $400.000 plus balance!

Who keeps that kind of money in a checking account ?

I am a teller at a bank and I see these kinds of balances everday. You'd be surprised how many people don't know about investing. I know of one couple in particular that have over $200,000 in an account that is dormant (hasn't had any activity for over a year) and it is drawing ZERO interest. (must be nice to have that kind of money and not need to touch it lol)

As for the OP, yes, I look. I don't think I've seen one that made me do a double take at an ATM though.

On a side note, just a small pet peeve at work.....The ones that have these massive balances will write a check for $10 cash everyday and ask for their balance. (one customer in particular comes to mind) I so badly want to say, $3.15, just to see the look on their face. I wouldn't do it, but it's fun to fantasize about.

 

[Galahad]

One possible explaination for high balances in a checking account: If the person has a very high income they might very likely work A LOT and have little time to monitor things as often as you assume they should. If they have direct deposit arrangements and haven't moved their money in a couple of months it could add up very quickly without it being such a slam-dunk that they're being stupid. The "millionaire-next-door" is working their butt off most likely.