The Absurdity of Banks

I guess banks are hurting more than I realized. They seem to be hoarding their small bills.

Today, I went to a bank right next to my house, to save time, and withdrew money from that bank’s ATM. I paid $3.00 for that convenience. Then I went through the drive thru and asked if they could please change the 5 twenty dollar bills into ones and fives for my garage sale. This is how the conversation went:

Me: Can you please change these twenties into ones and fives?

Teller: And what account is this associated with?

Me (with stupid look on my face): Excuse me?

Teller: Do you have an account with us?

Me: No. I just want to exchange cash for cash. I’m not asking you to cash a check.

Teller: Well, we do not normally do that.

Me: You cannot give me cash for cash?

Teller: Not unless you are an account holder with our bank. But I will do it for you today.

Me (still with stupid look on my face): You are kidding me, right?

Teller: No, I am not.

She proceeded to exchange my money, but under clear duress. I had no idea that it was such big ordeal for banks, who have on hand usually more than $100 in cash, to trade one denomination of currency for another denomination.

When she returned and sent my money to me, she assured me that this was a common practice for ALL banks. This piqued my curiosity. I came home and called my bank. The woman who answered the phone seemed as dumbfounded by my experience as I. So I’m not sure where the original bank teller got her information.

I just know I will NEVER bank with that bank.

Do you see me trying to exchange my money and you won’t let me? Rude!

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2 Responses to The Absurdity of Banks

  1. Tim Porter says:

    You won’t want to hear this…but it actually is a fairly common practice. you think that was fun, wait until you try to deposit change from your childrens piggy banks! They will probably charge to count it and don’t even think of rolling it ahead of time.

    Suggestion….it is easier to get change at a grocery store service desk. Support your LOCAL community banks…you know, the ones that were to small to need TARP funds.

  2. JR Boyens says:

    Happens to me all the time.

    Got something notorized and bought two money orders the other day. First question: “Are you an account holder?” from the notory. Finished that and got in line to get my money orders. First question? “Are you an account holder?”

    Both times they had to verify my status and BALANCE (!) via my social security number.

    I despise banks. I could go on with stories like this for days.

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