General
Sponsored by

Why do ATMs only dispense $20 bills?

1,020 Views | 47 Replies | Last: 13 yr ago by BurntOrangeBoy
ducatimarqueecenturion
How long do you want to ignore this user?
why not keep a reserve of larger bills so we can choose how we want it?

stupid Big Bank
713nervy
How long do you want to ignore this user?
Simplicity? Less room for error?
ThunderCougarFalconBird
How long do you want to ignore this user?
Because.
Sticks&Stones
How long do you want to ignore this user?
LOOK AT ME I'VE GOT MORE THAN $20 IN THE BANK!!
BurntOrangeBoy
How long do you want to ignore this user?
In Vegas you get c-notes, but in the rest of the world they're simply accounting for the poors.

I HATE getting a pocketful of 20s from those damned things. I actually go through the drive-through and make a withdrawal. You can't fit 25 20s into a money clip.
ccard257
How long do you want to ignore this user?
the atm in the loby of my old building did 10s
el bee
How long do you want to ignore this user?
ooh look at me I'm rich
ducatimarqueecenturion
How long do you want to ignore this user?
yeah BoB, but there are no USAA branches in NYC, so I'm stuck with 20s
toucan82
How long do you want to ignore this user?
I don't know, why do they?
713nervy
How long do you want to ignore this user?
quote:
I HATE getting a pocketful of 20s from those damned things. I actually go through the drive-through and make a withdrawal. You can't fit 25 20s into a money clip.

The maximum daily withdrawal limit is less than that, anyway.
Sweet Kitten Feet
How long do you want to ignore this user?
My lobby one has 10's I think. Yeah I thought it was awesome my first trip to vegas getting 100's out of the ATM.
Elliot P. Campbell
How long do you want to ignore this user?
i've actually sometimes wondered why they don't keep smaller bills
hunterntexas
How long do you want to ignore this user?
If you carry a good balance, you can get your daily limit increased.


As we are lolpoors, we get the $300 limit we can never use.
toucan82
How long do you want to ignore this user?
^^
no kidding. it sucks getting money from the atm then having to ask the bartender for change so I can go make it rain
jh0400
How long do you want to ignore this user?
quote:
The maximum daily withdrawal limit is less than that, anyway.


Your bank can make your limit whatever you need it to be.
713nervy
How long do you want to ignore this user?
Hm. I guess I just see no reason to have more than $300 cash on my person at any point that doesn't involve gambling or strip club, in which case I plan ahead.
MSCAg
How long do you want to ignore this user?
I remember the bank in College States, before being bought out by Wells Fargo, had ATMs that would give out by $10s.
Tree Hugger
How long do you want to ignore this user?
quote:
The maximum daily withdrawal limit is less than that, anyway.



No it isn't
BurntOrangeBoy
How long do you want to ignore this user?
You can have your bank make it whatever you want. I raised mine to $1,000 per transaction and $10,000 per day.
jh0400
How long do you want to ignore this user?
quote:
I raised mine to $1,000 per transaction and $10,000 per day.


Vernada
How long do you want to ignore this user?
When I live in Ghana the largest denomination bill was 20,000 Cedis which is equivalent to about $2. Going to the ATM sucked.
txaggie_08
How long do you want to ignore this user?
I hate getting anything larger than 20's and usually wish I could get 10's.

I rarely withdraw more than a 100 at a time, and like to work with small bills. Hate having to continuously break 20's.
713nervy
How long do you want to ignore this user?
quote:
quote:
The maximum daily withdrawal limit is less than that, anyway.



No it isn't

The standard daily withdrawal limit is less than $500/business day in most cases.

[This message has been edited by 713nErVy (edited 3/15/2012 11:20a).]
MaterialAg
How long do you want to ignore this user?
well, it's the typical lap dance fee

coincidence? I think not.
MasterAggie
How long do you want to ignore this user?
quote:
The maximum daily withdrawal limit is less than that, anyway.



Nope but at many ATM's the transaction limit is lower than that because of the inability to push out a stack of bills that tall. And the use of only 20s is mainly just a convenience thing (for the bank).
713nervy
How long do you want to ignore this user?
quote:
You can have your bank make it whatever you want. I raised mine to $1,000 per transaction and $10,000 per day.

False. They would not let you pull $10,000 out of an ATM, let alone from inside of the bank, without filing paperwork. Aside from that, the liability is too risky in case you are ever robbed or something similar.
ducatimarqueecenturion
How long do you want to ignore this user?
quote:
If you carry a good balance, you can get your daily limit increased.


yeah, but if you're using another bank's ATM, the machine may have its own limit
Tomdoss92
How long do you want to ignore this user?
$20s out of an ATM
i remember them being called "yuppy food stamps" in the 90s

[This message has been edited by Tomdoss92 (edited 3/15/2012 11:24a).]
Lulz monkey
How long do you want to ignore this user?
in australia the atm's give coins.
toucan82
How long do you want to ignore this user?
Limit! Haha, that's another one of those freaky words!
$30,000 Millionaire
How long do you want to ignore this user?
if 25 twenties makes some one rich, then I don't want to know what poor is.

You can get your daily limit raised, but if I need more than $200, I'll just go inside or through a drive through. I don't like paying in cash because I don't like dealing with loose change.
MaterialAg
How long do you want to ignore this user?
Don't any of you knuckleheads just use plastic and pay it off every month?
ducatimarqueecenturion
How long do you want to ignore this user?
still like to have cash in case of a power or network outage or something
$30,000 Millionaire
How long do you want to ignore this user?
I keep a few g's in my safe at home for that kind of scenario. Probably no room for that in a Manhattan broom closet, though.
ducatimarqueecenturion
How long do you want to ignore this user?
it's not a question of room, but rather carrying some around because you never know what may happen
Page 1 of 2
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.