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)
