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> "should the rest of us with smartphones pay for that bank office?” Yes! There are many things you cannot do without a physical bank location. It is worth pay
by jtbayly 2y ago
> "should the rest of us with smartphones pay for that bank office?”
Yes! There are many things you cannot do without a physical bank location. It is worth paying[1] something to have them. I used to use an online-only bank, but I realized I wanted to be able to walk into a branch at times, so I switched to a new bank.
[1] “Paying” can mean a variety of things, including lower interest rates on savings accounts, for example.
- Spivak 2y agoI mean I've used an online only bank for years now and there's nothing I haven't been able to do. They send cashier's checks by mail. I suppose if I wanted to deposit cash I couldn't but it's never come up.
- Kwpolska 2y agoWhat are those mythical actions that can't be done outside of a physical location? How many of them are things you do ~once in a lifetime, like getting a mortgage?
- genewitch 2y agoI need 100 rolls of quarters. I need 500 $2 bills. I need to change my pin on a debit card. I need to change all these $2 bills and quarters into $20 bills. Trivial examples that I have done at my bank. Maybe drbit cards now don't need to be put into a machine to change the pin anymore, idk.
- Kwpolska 2y agoThe PIN thing can be done online at both of my banks. As for the cash stuff, those are things you may need to do if you’re a shopkeeper, but I can’t imagine a reason why I would do that myself. Banks over here will sometimes charge fees for changing cash.
- genewitch 2y agoin the US $2 bills are an icebreaker. There's still a lot of people that don't believe they're real. I also used them as incentives for my kids to go above and beyond with their communal chores. The quarters thing i haven't done personally but i was adjacent to for a club, it was for a game in a booth at an event. banks here don't charge, as one of their expected roles is to change money in the US.