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I think that’s great, I don’t know what’s taking so long. ATM that dispense money have been around for decades, why isn’t the other way around the default by no
by corbezzoli 3y ago
I think that’s great, I don’t know what’s taking so long. ATM that dispense money have been around for decades, why isn’t the other way around the default by now? Using the ATM literally saves the bank money.
- toast0 3y agoATMs have taken deposits since forever? Deposits without envelopes where the machine images checks and counts bills is very common in my experience, and it started long enough ago that I can't remember when it was. Sometime in 2010s, I think.
- ghaff 3y agoFor that matter, with my (US) bank I can just take a picture of the check with the app on the smartphone. If you get a lot of checks, deposit one at a time methods can be a bit slow and tedious--but that's less and less common.
- corbezzoli 3y agoIn the US maybe, in Europe I feel that they’re not the norm.
- Symbiote 3y agotoast0 might be very young if 2010 is "forever" ago. I remember depositing banknotes in ATMs in Britain in the early 2000s. It was only a single ATM at the bank branch. You had to put the notes in an envelope and feed that into the machine. They would check the amount later in the day. At some point the machine would take the notes one at a time, and I've seen these in Britain and Denmark, but I deposit cash less than once a year in any case.
- toast0 3y agoI was discussing two different time frames. Envelopeless deposits are circa 2010. Deposits in envelopes go back as far as I recognize ATMs (which is back when BofA was calling them 'versatellers', but I'd rather not date myself specifically) Here's a weird ebay auction of receipts from 1997 showing deposits: https://www.ebay.com/itm/334119399422 https://www.ebay.com/itm/334119399422 and a pretty good deal on long distance!