ATM malfunctions

[KnappShack]

Not to jump on Pride here or anything, but there are also like a dozen different ways to send money electronically. Maybe Pride had a good day at the track and had $1200 cash kicking around though.

If there was a daily average going back 30 years

I'm guessing I've had around $7 available as cash at any one time. That is quite probably high.

Handing that much dough to any person is barely something I can imagine outside of an episode of Miami Vice on MeTv

 

[Cyclonepride]

Not to jump on Pride here or anything, but there are also like a dozen different ways to send money electronically. Maybe Pride had a good day at the track and had $1200 cash kicking around though.

It's a dad thing, as much of an excuse to go up and see him as anything. Just should have brought a check lol.

 

[Cyclonepride]

Unfortunate situation and sorry to hear you're dealing with it, @Cyclonepride . Not much you can do except wait for them to make it right, I suppose.

What's interesting to me about this thread though reading the comments, is the willingness to use an ATM or not for a cash deposit like this seems to relate to the age of the poster. I'd bet it's like a lot of things that vary by generation. The older generation (sorry, making some assumptions about Pride and Cycsk who I've seen post on here and believe to be in their late 40s or 50s and older, more likely) trusts the teller and is willing to go inside. The older doesn't mind human interaction and is probably more comfortable with it. The younger (Pride's son) has grown up with convenience and technology, is used to it probably, and would rather "avoid human interaction" and probably has built up less of those social skills since they've always used the ATM instead of the teller, or buys their groceries online to avoid interaction, or insert other change here of the many our society has seen.

That's a real problem if you ask me for our long-term society and the social impact the younger generation's approach to business and life creates. We're raising more and more young people who avoid human interaction, probably have less social skills and the ability to talk things out. In brief, they'd rather live in a more digital and electronic world that isn't real. This may just be my "old man inside" speaking, but I worry about the effects of phones, buying off the app and all this stuff. It's fundamentally changing and has changed our society, and what the younger generation grows up seeing as normal, will become normal in many years from now as older generations die out and are replaced.

I also realize I'm very much Old Man Simpson yelling at clouds, here... Haha....

I think there's a lot of truth to that.

 

[ArgentCy]

Had to log in just to throw my worthless pennies into the middle. First, its cash, why deposit it at all? Go buy what ya need kiddo.

Second, the banks must be in real bad shape if they are resorting to steal(hypothecate) cash for as long as possible.

Third, at least he didn't do the thing I thought you might be going towards. People writing checks to themselves that bounce and immediately withdrawing the money thinking this is some kinda glitch. Lol, not smart enough to understand what fraud they just committed.

 

[Cyclonepride]

Had to log in just to throw my worthless pennies into the middle. First, its cash, why deposit it at all? Go buy what ya need kiddo.

Second, the banks must be in real bad shape if they are resorting to steal(hypothecate) cash for as long as possible.

Third, at least he didn't do the thing I thought you might be going towards. People writing checks to themselves that bounce and immediately withdrawing the money thinking this is some kinda glitch. Lol, not smart enough to understand what fraud they just committed.

On the first, his apartment complex just got bought out, so there wasn't a manager he could take it to (online portal).

On the second, the Consumer Financial Protection Bureau established the 10 days before they will get involved. Meaning, this organization can take ten days because **** you.

On the third, yeah, he's not that kind of kid. Barely spends the money he does have.

 

[CycloneErik]

Or he had a brilliant plan to double your $1,200 at the casino, but the roulette spin hit 00 so he lost it all. Instead of telling you, he figured the ATM story was a safer option.



In all seriousness, I'm with the other posters - I never have considered depositing cash into an ATM, and likely never will. ESPECIALLY not $1,200 that I need to pay my rent.

I've done a cash deposit or two at the ATM and it went just fine.
$1200 is beyond what I'm willing to do, though.

But if Pride sent the money, I'd test it in at ATM up here.

 

[Clonefan32]

My wife loves to do all the new check depositing stuff. Pictures, ATM, etc. We've never had an issue but it's always made me nervous...

 

[coolerifyoudid]

Back in college while we were vising my wife's sister in Rockford, IL, I went to use an ATM and it clearly had some kind of card-reader attached to it used to scam someone. I'm not sure if anyone ever fell for it, but I concluded that if someone fell for that Mickey Mouse contraption, they were probably not very good with money in the first place.

 

[CYdTracked]

Unfortunate situation and sorry to hear you're dealing with it, @Cyclonepride . Not much you can do except wait for them to make it right, I suppose.

What's interesting to me about this thread though reading the comments, is the willingness to use an ATM or not for a cash deposit like this seems to relate to the age of the poster. I'd bet it's like a lot of things that vary by generation. The older generation (sorry, making some assumptions about Pride and Cycsk who I've seen post on here and believe to be in their late 40s or 50s and older, more likely) trusts the teller and is willing to go inside. The older doesn't mind human interaction and is probably more comfortable with it. The younger (Pride's son) has grown up with convenience and technology, is used to it probably, and would rather "avoid human interaction" and probably has built up less of those social skills since they've always used the ATM instead of the teller, or buys their groceries online to avoid interaction, or insert other change here of the many our society has seen.

That's a real problem if you ask me for our long-term society and the social impact the younger generation's approach to business and life creates. We're raising more and more young people who avoid human interaction, probably have less social skills and the ability to talk things out. In brief, they'd rather live in a more digital and electronic world that isn't real. This may just be my "old man inside" speaking, but I worry about the effects of phones, buying off the app and all this stuff. It's fundamentally changing and has changed our society, and what the younger generation grows up seeing as normal, will become normal in many years from now as older generations die out and are replaced.

I also realize I'm very much Old Man Simpson yelling at clouds, here... Haha....

So much truth to what you are saying really. I won't post a link to the interview I heard the other week as it also has some political aspects to it and I don't want to derail the discussion with that, but the main topic at hand was mostly about young males in their 20's. The host had a professor on that was talking about how this demographic is becoming almost socially awkward compared to other demographics that we have been placing more of an emphasis on in society lately. By this he means that compared to females in the same age range the young men are less likely to be involved in romantic relationships, some are struggling academically which as a result means trouble finding a good job, and are less socially active and getting married at a later age or not even at all. Meanwhile young women in this same age range are seeking young men of similar intellect and financially sound and finding that the pool is not as plentiful as it once was. I have a nephew in his mid 20's I feel like this almost describes him to a T. He's single and hasn't really been involved in a serious romantic relationship since graduating college and not even sure he's been even casually seeing one for that matter, he only has taken jobs where he is allowed to work 100% from home and won't even consider one that requires going into the office, he moved about 12 hours away from home and he doesn't really get out much other than maybe go to the gym to work out. He had a pretty active social and sports life in high school so not sure what has happened where he's not really getting out and doing much with others. His brother moved in with him and I think they have at least 1 other roommate too but don't think his brother even gets out much either but he also works construction so probably spends a lot of time resting when he's not working. We kind of wish he'd take a job that he's at least have to go into the office a few times a week or something just so he could meet some people and be social once in awhile.

Full disclosure I am in my mid 40's but I also work in IT for a career so I am not anti-technology by any means either. But, there are things like bank deposits where I trust human interaction more than I do an ATM machine. I'm not afraid of technology or human interaction, it's probably more about risk over convenience sometimes with my habits. I consume social media but I can also separate that from real life too and not get caught up in it. Case in point probably when I was in my late 20's we had family Christmas and my cousin then in her early 20's was on her laptop most of the time with social media or chatting with friends. She stepped away for a bit and my brother decided it would be funny to post something on her Facebook page as a joke. She came back and totally freaked out and basically went into another room and cried. My aunt wasn't mad at him but said something like "unfortunately she thinks her social media is her life." His response was "and you don't find that a bit concerning?"

 

[BoomerClone]

I don’t know anything about BMO but my experience is some banks are much better than others.

When living in Central Iowa we banked at Bankerstrust. My wife has her debit card stolen from a bar the night of her bachelorette party. They used it to buy $2000 worth of prepaid Visa cards at 1am from a Hy-Vee customer service counter. Had to have been an employee there that was working with them. Either way, 2 days before our Wedding we were basically drained. Bankers trust put the money back in our account the next morning. No problem at all.

Switched to Bank of America when we moved from Iowa. Too many horrible experiences with them to list.

 

[CapnCy]

I've done a cash deposit or two at the ATM and it went just fine.
$1200 is beyond what I'm willing to do, though.

But if Pride sent the money, I'd test it in at ATM up here.

Interesting discussion for sure regarding how we bank/comfort with different strategies.

I probably fall in the middle. I was at first nervous to "mobile deposit" as it seemed the photo would not work, i'd second guess it, but now that is SOOO convenient.

I've never worried about depositing cash at an ATM...in fact, I've done several thousand recently (sold a vehicle and was paid in all 20s, lol)....so I did a few deposits as it only took like 30 items at once. No worries/concerns (as I had no clue when I could actually go into a bank as it seems those are hard to get to for me during hours).

What is interesting for me...TWO times I've had issues with using the teller. One time I took some cash in to exchange for larger bills. I got home and got a call from the bank and they said they were short money. They then were asking how much I came in with and how much I left with. The discrepancy was significant enough that I said "that is a you problem" as I wasn't going to voluntarily bring them money back (I know, I should have had my bills counted before I went in...but I guess I assumed they could count it in/out accurately). Another time was traveling and went to a branch of a bank I use and got a call a couple days later asking about my interactions with a teller....their drawer came up like $100 short and since I was a cash deposit/exchange for about that amount, they had to question me (I think they though maybe I helped him in some way?). In that case, I shared I was many states away and he was nice, but other than that they need to get their stuff together, lol.

 

[Rabbuk]

I feel like this is an interesting commentary on generational trust in technology, the 30 and over crowd know that ATMs work on some sort of fickle combination of luck and gods will, and the 30 and under assume all consumer facing technology works reasonably well.

 

[cyclones500]

Or he had a brilliant plan to double your $1,200 at the casino, but the roulette spin hit 00 so he lost it all.

Makes me think of this:

 

[CycloneErik]

For anyone who wants to conduct an experiment, feel free to send me $1200 to deposit inside the bank, and $1200 to deposit via the ATM. I will absolutely tell you that both worked.

 

[Clonehomer]

I had this happen at Veridian once. They were closed at the time, so I went in Monday and it took about 20 minutes for them to check the cash collected vs deposit records. I don’t know how it takes more than that these days unless they aren’t collecting money out of them frequently.

 

[wxman1]

If this was the BMO in Marion the ATM was being serviced this afternoon. That is all I can contribute.

 

[Cyched]

The real question is what exactly is @Cyclonepride trying to launder through his kid?

 

[2122]

I got an extra $20 bill from an ATM once. he he

 

[Cyclonepride]

The real question is what exactly is @Cyclonepride trying to launder through his kid?

Church bingo winnings

 

[LostinIowaCity]

I'm biased here, but I would generally encourage you to bank with local banks and credit unions. The service level of national banks is laughable.