Withdrawing cash

[samhexum]

Too bad I'm back at the same place 35 years later.

[Gadfly22]

Another astute, quirky observation from @Tarte Gogo, except in my case I get more nervous than excited, even after doing this for a few years.

 

BTW does anybody know how to tell if a B of A ATM gives out $50s ? Some do some don't and there seems to me to be no rhyme or reason to it. I can't tell without sticking my card in and entering my password (BOSCO!)

[+ BlueSky]

The ATM most convenient to me at work actually gives out ones and fives as well as twenties (no 100s). This is sometimes convenient to get smaller bills. But sometimes I don't want that big a wad of cash. And they don't give you a choice. The last $20 of your withdrawal is always 10 ones and 2 fives.

[+ purplekow]

Some ATMs in Vegas dispensed hundreds as long as 20 years ago.

The only problem with that is in order to get hundreds out, you have to put hundreds in.

[mike carey]

The last $20 of your withdrawal is always 10 ones and 2 fives.

I wasn't given a choice but some years ago an ATM in Quito did that. Another, in Peru, gave me 100 and a collection of smaller notes when I withdrew USD200.

[+ purplekow]

I wasn't given a choice but some years ago an ATM in Quito did that. Another, in Peru, gave me 100 and a collection of smaller notes when I withdrew USD200.

That really is the most convenient was to get the money from an ATM. Smaller bills for immediate use at the strip club and larger bills to leave on the bureau later.

[samhexum]

A Florida man was arrested Friday after he reportedly punched an ATM because it “was giving him too much money” during an incident in November.

 

Michael Joseph Oleksik, 23, was charged with criminal mischief after Wells Fargo requested Cocoa Police press charges against the man.

 

Law enforcement told Florida Today that Oleksik was seen on surveillance footage “standing at the ATM, pummeling the electronic teller’s touch screen on Nov. 29.”

 

He then reportedly called Wells Fargo and apologized for the damage done to the teller machine, but said he was “angry the ATM was giving him too much money and he did not know what to do.”

 

A Wells Fargo branch in Cocoa, Fla., requested that police press charges against Oleksik, who was booked into the Brevard County Jail.

[LADoug1]

Chase gives $5, $20, $50, $100.

[gallahadesquire]

IN THE BEGINNING, like 1975, the ATM raised its head. (I think Worcester, MA was one of the first places to have ATMs). The choices were in $5 increments, and I think it dispensed just $5 and $10 bills.

 

I hardly ever see a ten anymore. It seems that, with the advent of the $20, everything is priced so as to use $5 and $1 bills plus coins.

 

Of course, everything goes through the Chase Preferred Sapphire card. First class Frankfurt to JFK, Here I come!

[+ sniper]

Bank of America gives 50s at some and 100s at others. Some give you 5s and 1s as well. But a few years ago it was 20s and/or 50s with no way to choose. I would take out $100 for errands and always get two $50s. But if I took out $800 because I was going to the casino, I'd get 40 $20s. THAT was a pain in the ass.

[Gadfly22]

Bank of America gives 50s at some and 100s at others. Some give you 5s and 1s as well. But a few years ago it was 20s and/or 50s with no way to choose. I would take out $100 for errands and always get two $50s. But if I took out $800 because I was going to the casino, I'd get 40 $20s. THAT was a pain in the ass.

 

Hmmm odd - I have withdrawn cash from several dozen different B of A ATM's in NY/NJ and the vast majority only give out $20's. I know of a few that also give out $50's but they still insist that the amount you withdraw be a multiple of 20.

[samhexum]

No Chase near me gives 5s, not sure about 10s.

 

I should email IBM and ask if any of those coin-dispensing ATMs are still in use.

[+ sniper]

Hmmm odd - I have withdrawn cash from several dozen different B of A ATM's in NY/NJ and the vast majority only give out $20's. I know of a few that also give out $50's but they still insist that the amount you withdraw be a multiple of 20.

 

Yes, there are definitely still 20s-only ones, didn't intend to suggest they all give either 50s or 100s, but I see now my post reads that way. And the one I go to that gives 5s and singles (which is in a branch that was recently built from the ground up so it has their absolutely latest technology) STILL insists on multiples of 20.

[Bertster]

I look forward to the not-too-distant future when cash is socially extinct. I’ve managed to go the last 11 months here in Australia without having cash in my wallet (and once they upgrade to drivers license that I can legally store on my phone, I can retire my wallet completely over here) I just use the Apple pay on my phone for absolutely everything, and if I’ve bought something for a friend on request and they want to pay me back, I’ve asked that they transfer it electronically. Ofcourse it was impossible to avoid cash on my trip through Europe and the US in July and August this year. The paying for public toilets in Germany for instance drove me nuts, as I was usually unprepared in having small change on hand. In Berlin, I was working out at an awesome outdoor gym down in Wilmersdorf (shirtless hotties galore!), and after I had finished I was walking back to the hotel, and really needed to go to the toilet. I came across a park that had a toilet block there, but as I got closer, it had an old lady sitting out the front with a little silver tray, where you are supposed to put your €1 euro coin when you use the toilet. I had nothing on me, so I quickly googled the nearest restaurant , and ordered some food that I didn’t really want, so that I could dash in and use their toilet!

[+ Tarte Gogo]

Errr, this thread was about the Pavlov’s dog effect, not the availabiliy of the $5 bills.

[mike carey]

Similar experiences, both here (cash can be almost entirely avoided, even with cards rather than apple/google pay) and in the US (cash much more difficult to avoid (for me, at least). I still have my wallet, and some cash in it, but that cash is rarely touched.

Errr, this thread was about the Pavlov’s dog effect, not the availabiliy of the $5 bills.

Yes, it was, but this isn't the first nor will it be the last thread to riff on all aspects of its title not just the intended meaning. In a way, people saying that they manage without cash is a way of answering no to the original question.

[MikeBiDude]

Errr, this thread was about the Pavlov’s dog effect, not the availabiliy of the $5 bills.

[Gadfly22]

Errr, this thread was about the Pavlov’s dog effect, not the availabiliy of the $5 bills.

 

Couldn't resist. I will edit my post to say I get an erection every time I find an ATM that gives out $50's!

[samhexum]

Dear Mr. Hexum,

 

You were quite correct that IBM had developed an ATM model that could dispense coins. I've attached a press release from 1987 to this email. Additionally, you can check the IBM Archive's website for other information that might prove helpful in answering the skeptics who doubt you. I've included the web link below.

 

Sincerely,

Carol Schulman

 

http://www-03.ibm.com/ibm/history/

 

Reference Desk

IBM Corporate Archives

2455 South Rd

Bldg 04-02 Room CSC12

Poughkeepsie, NY 12601

 

International Business Machines Corporation

Information Systems Group

900 King Street

Rye Brook, New York 10573

 

New IBM Automated Teller Machines

 

IBM 4732 Personal Banking Machine Models 001 and 002 The IBM 4732 Personal Banking Machine is designed to automate a wide range of financial services and teller activities. It is designed for either free-standing or through-the-wall installation, indoors in bank lobbies, vestibules, supermarkets, shopping malls, corporate locations, etc., or exposed through bank wall or kiosks in remote locations. It can be attached to the IBM 4701 Controller, 4702 Processor, or to a host/sub-host system. It can attach to existing networks that support IBM Personal Banking Machines or most networks that support other common ATM's using its 3624 Emulation feature or its Alternate Connect Feature. The 4732 can dispense coins and accept checks without an envelope. It can cash checks in the exact amount or accept them for deposit with or without cash back. For the customer, this means they can deposit or cash checks in the same manner as with a teller, and they are not required to fill out either a deposit slip or an envelope. The financial institution can be relieved of the dual custody requirements of handling envelopes, and the checks can be processed as a single deposit of multiple items rather than multiple deposits, thereby providing significant back-office savings. The 4732 also provides statement printing capability that allows the financial institution to offer greater value and service to its customers. Highlights All models handle cash as well as non-cash banking transactions. Models 001 uses standard capacity document cartridges. Models 002 uses expanded capacity document cartridges. Availability: 3Q88 Prices: IBM 4732 Model 001: IBM 4732 Model 002: ISG 028 11/03/87

[Guest RBmont-real]

I prefer to pay in pennies. It takes a bit longer to count out but I love to see the escorts biceps bulge when he walks out the door with the cash.

 

You are penny wise and pound foolish, in a good way, as he is in for a penny and in for a pound.

[samhexum]

Using high-tech skills and a doctored debit card, a Flushing man allegedly turned two Queens ATMs into slot machines that dispensed nearly a quarter-million dollars in cash to thieves, prosecutors announced on Wednesday.

 

Eric Salazar Montano, 33, of Hollis Court in the Auburndale section of Flushing was arraigned on March 13 on charges of grand larceny, computer tampering, criminal possession of a forged instrument and computer trespassing.

 

According to Queens District Attorney Richard A. Brown, Montano and an unidentified cohort hacked into automated teller machines at a Kew Gardens deli and the Queens Center Mall in Elmhurst in two incidents last December. Posing as technicians, they allegedly manipulated the ATMs in such a way that they soon spewed out greenbacks like slot machines in a casino.

 

As a result, authorities said, several unidentified people linked to Montero visited the machines and scooped up thousands of dollars in cash without even swiping a card or punching in a PIN.

 

“As society becomes more tech savvy, today’s criminals are keeping pace and finding new ways to enrich themselves illegally,” Brown said in a March 14 statement. “This new trend is called ‘jackpotting,’ and we are set to deliver big losses for gamblers who ante up.”

 

Law enforcement sources said the first jackpotting incident occurred on Dec. 28, 2017 at a grocery store on Metropolitan Avenue in Kew Gardens. Police said that Montero and an unidentified accomplice, while posing as uniformed technicians, were seen on security cameras opening up an ATM. They allegedly manipulated the machine, then left the store for a few minutes before returning.

 

Soon after the suspects came back, the criminal complaint noted, several unapprehended others approached the ATM one at a time. Without using a bank card, they removed $154,000 in cash that the machine dispensed.

 

Two days later, on Dec. 30, Montero and another unapprehended individual were seen approaching an ATM at the Queens Center Mall. After tinkering with the device, Brown said, a co-defendant and several other unapprehended persons collected more than $87,000 in dispensed cash.

 

Police Commissioner James O’Neill noted that the NYPD Financial Crimes Task Force, with the assistance of the U.S. Secret Service, cracked the case and tracked Montero down. In executing a search warrant at Montero’s home on Tuesday, police found a forged credit/debit card and more than $42,000 in cash.

 

Montero was ordered held on $30,000 bond or $15,000 cash and to return to court on March 27. He faces up to 15 years behind bars if convicted.