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> ZERO meaningful financial institutions have an ATM or banking branch in all of Hawaii That is truly fascinating and something I hadn’t noticed when visiting.
by thakoppno 4y ago
> ZERO meaningful financial institutions have an ATM or banking branch in all of Hawaii
That is truly fascinating and something I hadn’t noticed when visiting. I wonder what implications this has for capital intensive construction projects there.
Presumably the builders still finance through major institutions but need to pay out all local labor via bank accounts from institutions on the island? So the local authorities have essentially taxed banking generally?
- yieldcrv 4y agoYou can walk into any bank there, sign up with your drivers license, and wire money from your other bank same day. I needed a deposit for a sublet there, and needed lots of cash for that. So when it posted the next business day, I walked to the teller and asked for cash. It wasn’t a problem except for everyone else that didn't imagine and was trying to use fintech apps and learned about arbitrary transaction amount limits.