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That’s wild. When I was a teller (15 years ago maybe) we would routinely keep around 7-10k in our drawers, and another 40k as ready money in the day safe. Gran

That’s wild. When I was a teller (15 years ago maybe) we would routinely keep around 7-10k in our drawers, and another 40k as ready money in the day safe. Granted, we were a drive up branch that dealt with commercial/retail so a lot of customers would routinely be dealing with 5k worth of cash. Other branches had similar amounts of cash though. Strange world

acheron 5y ago
Same, though it was about 20 years ago for me. I remember a guy withdrawing $25k in cash one day. That was unusual, which is why I remember it, but it wasn’t a problem either. (We gave it to him in a big sack, and I was disappointed that the sack didn’t have a large $ printed on the side.)
anonporridge 5y ago
I've also been hit by not being able to withdraw more than about $5k cash as a retail customer without multi day notice. I do wonder if it's not all nefarious as cash has become drastically less common over the past couple decades. Still, it's especially interesting because the numbers even 15 years ago are much higher in real terms than today. This is another advantage of inflation. You can set rules like, you have to declare more than $10k worth of assets traveling with you on flights, and every year, the plummeting value of that dollar metric includes more and more people and activities in the surveillance state.
- lazide 5y ago
  Cash is a bit of a pain to deal with, and most branches all normal withdrawals are going to be via the ATM anyway. Cash is also a security risk and liability from a ‘getting robbed’ perspective. So it’s rare to really need more anymore, except for outlier situations like car sales, which they generally don’t handle well.
  - dghlsakjg 5y ago
    True, but so much of banking has been moved to online and mobile so visits to an actual branch are almost always outlier situations. I shouldn’t have to schedule something ahead of time which is the equivalent of cashing the average American paycheck. Cash might be a bit of a pain, but there are still plenty of common and good reasons why I might want 5k of my money without having to wait a few days for it.
    - lazide 5y ago
      100% agree, however a lot of the banks seem to not have picked up on this yet.
Spooky23 5y ago
Look at the security at most bank branches - it’s awful. My wife used to work at a regional branch that did cash management for other banks. The place was like a fortress and had a lot of physical security measures to protect the people and dollars. That branch was nuts - they’d handle millions in currency and be able to handle six figure withdrawals. Midtown Manhattan banks can do that too.

acheron 5y ago

Same, though it was about 20 years ago for me. I remember a guy withdrawing $25k in cash one day. That was unusual, which is why I remember it, but it wasn’t a problem either. (We gave it to him in a big sack, and I was disappointed that the sack didn’t have a large $ printed on the side.)

anonporridge 5y ago

I've also been hit by not being able to withdraw more than about $5k cash as a retail customer without multi day notice. I do wonder if it's not all nefarious as cash has become drastically less common over the past couple decades. Still, it's especially interesting because the numbers even 15 years ago are much higher in real terms than today. This is another advantage of inflation. You can set rules like, you have to declare more than $10k worth of assets traveling with you on flights, and every year, the plummeting value of that dollar metric includes more and more people and activities in the surveillance state.

lazide 5y ago
Cash is a bit of a pain to deal with, and most branches all normal withdrawals are going to be via the ATM anyway. Cash is also a security risk and liability from a ‘getting robbed’ perspective. So it’s rare to really need more anymore, except for outlier situations like car sales, which they generally don’t handle well.
- dghlsakjg 5y ago
  True, but so much of banking has been moved to online and mobile so visits to an actual branch are almost always outlier situations. I shouldn’t have to schedule something ahead of time which is the equivalent of cashing the average American paycheck. Cash might be a bit of a pain, but there are still plenty of common and good reasons why I might want 5k of my money without having to wait a few days for it.
  - lazide 5y ago
    100% agree, however a lot of the banks seem to not have picked up on this yet.

Spooky23 5y ago

Look at the security at most bank branches - it’s awful. My wife used to work at a regional branch that did cash management for other banks. The place was like a fortress and had a lot of physical security measures to protect the people and dollars. That branch was nuts - they’d handle millions in currency and be able to handle six figure withdrawals. Midtown Manhattan banks can do that too.