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I've never seen an ATM which took money in envelopes. Does it just take on trust the amount until it's verified by an employee counting it later?
by TRiG_Ireland 8mo ago
I've never seen an ATM which took money in envelopes. Does it just take on trust the amount until it's verified by an employee counting it later?
- zvr 8mo agoRemember that we're talking many years ago, in the previous century. The only way to "automatically" deposit cash was to put it into an envelope and then drop it in the machine. IIRC, you used to write the total amount on the outside of the envelope, together with your bank account information. The machine was emptied at regular intervals, the envelopes were transferred to the bank, and an employee was manually opening them, verifying the amount, and credit your account.
- TRiG_Ireland 8mo agoAh, I've seen that, but there was no ATM. You could just drop the envelope into a box in the bank (to skip the queue at the counters). No way to deposit out of hours, though. The ATM system would have been better.