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This is obviously cultural, but the very idea of a bank that refuses to handle cash somehow feels antithetical to the very purpose of personal banking. I can't
by djrogers 8y ago
This is obviously cultural, but the very idea of a bank that refuses to handle cash somehow feels antithetical to the very purpose of personal banking. I can't imagine a bank in the US doing that, nor can I imagine hoq fast their customers would revolt!
- lotsofpulp 8y agoThere are quite a few online US banks that don't handle cash. Ally, Schwab are just a couple names that come to mind. They offer very competitive savings rates and perks.
- djrogers 8y agoBoth of those banks do in fact handle cash - through ATMs. Note in the article, one of the options banks could employ for handling cash would be ATMs, indicating that not all banks do...
- lotsofpulp 8y agoI meant they handle cash in the literal sense, with their hands. You have to mail them a check or money order, but either way all of their money exists on a ledger, not in notes and coins. I guess I should say I don't know for sure, but I see no reason they would want or need to.