Cash Deposits

kuratowski

Deleted User was making a joke!!

eDicky

born_again said:

eDicky said:

An ATM that takes cash deposit will not discriminate, I'm not sure whether particular bills can be easily linked to the depositor (?).

Given the ATM knows what was paid in, to what account. It will be very clear which notes belong to which deposit.

Out of interest, how can the machine clearly allocate particular notes to their depositor..? I would expect the innards to contain stacks of various denominations, perhaps possible to work out who deposited which but presumably a bit laborious...

datlex

Re paying in cash to an account  - I often pay for a takeaway on my credit card. My partner gives me cash towards it. I have an account that I use to pay in cash.  I pay the cash into my account at the post office.  Much easier to use the post office than bank branch as their hours are much better and they have local branches.  (My nearest post office in less than 5 mins walk whereas my banks are in town)  No questions as to the amounts which vary when I pay it in.

Ballard

datlex said:

Re paying in cash to an account  - I often pay for a takeaway on my credit card. My partner gives me cash towards it. I have an account that I use to pay in cash.  I pay the cash into my account at the post office.  Much easier to use the post office than bank branch as their hours are much better and they have local branches.  (My nearest post office in less than 5 mins walk whereas my banks are in town)  No questions as to the amounts which vary when I pay it in.

Unless you’re having the takeaways flown in by Lear Jet I wouldn’t expect the amounts you’re paying in to be significant. 

born_again

eDicky said:

born_again said:

eDicky said:

An ATM that takes cash deposit will not discriminate, I'm not sure whether particular bills can be easily linked to the depositor (?).

Given the ATM knows what was paid in, to what account. It will be very clear which notes belong to which deposit.

Out of interest, how can the machine clearly allocate particular notes to their depositor..? I would expect the innards to contain stacks of various denominations, perhaps possible to work out who deposited which but presumably a bit laborious...

Not many people pay cash into a ATM. Thus it is easy to tally it up. Also as they are counted in, they will go into a nice stack, which when the receipt is checked will match them up. That's if they want too.

HHarry

eDicky said:

Out of interest, how can the machine clearly allocate particular notes to their depositor..? I would expect the innards to contain stacks of various denominations, perhaps possible to work out who deposited which but presumably a bit laborious...

I doubt the machine separates out the by denomination - it’ll just stack them in the order they were paid in.  Customer 1 paid in £50, which is the first 3 notes, etc.

eskbanker

HHarry said:
Customer 1 paid in £50, which is the first 3 notes, etc.

Completely off-topic but this puts me in mind of: