Brutkey

Jean-Francois Mezei
@jfmezei@mstdn.ca

@EdwinG@mstdn.moimeme.ca since when do ATMs give out $100 bills? They used to have two stacks giving $5.00 and $20.00. They they switched to single $20 stack to reduce how often they need refilled. Considering most customers have $500 transaction limit, am curious what is special about London ON to warrant supporting dual stacks with in giving out $100 bills. (Disclaimer I haven’t used an atm in ages).

Edwin G. :mapleleafroundel:
@EdwinG@mstdn.moimeme.ca

@jfmezei@mstdn.ca The transaction limit has gone up. From what I could find, it’s $1,000.

The ATMs I have used always offer a mix of $5 and $20, with some also offering $50.

Jean-Francois Mezei
@jfmezei@mstdn.ca

@EdwinG@mstdn.moimeme.ca Wonder when banks reverted to having dual currency slots in ATMs. There was a period where they had switched to only $20. Though some, like when there were ATMs at airport, offered US $20 on second slot.

I assume average transaction amounts have changed since the 1990s and they reverted back to $20 and $5. ATMs represent huge cash management challenge for banks. Fully loaded ATM can hold some $300,000 (First ATM robbery in Canada yielded $292,000 to the robbers) (for instance prior to long weekend when ATMs are fully loaded). Multiply this for nationwide network, and that is a lot of millions in cash that is litterally stuch in machines and can't be used by the bank's profit generators (stock/currency traders)

Edwin G. :mapleleafroundel:
@EdwinG@mstdn.moimeme.ca

@jfmezei@mstdn.ca That happened in the mid to late 2010s, when they replaced the ATMs with touchscreen ones.

Jean-Francois Mezei
@jfmezei@mstdn.ca

@EdwinG@mstdn.moimeme.ca Last time I used an ATM in canada (that I remember) was at a CRTC heading in Gatineau because the local take out food didn't yet take interac. Likely mid 2010s.

It's bad enough now that POS terminals often don't let "tap and pay", it is more of "go through the mednus until you have confirmd then you can tap" at which point tay/pay becomes moot since no time saved from inserting card. Enshittification.

Edwin G. :mapleleafroundel:
@EdwinG@mstdn.moimeme.ca

@jfmezei@mstdn.ca I still see places where card payments are not accepted.

About the tap to pay part, I noticed it’s when they try to ask for a tip (or scam you for one when it’s not an expected practice). Other than that, all the payment terminals are tap to pay. 🙂🙂