- Dec 4, 2001
- 18,148
- 1
- 0
i recently helped my gf buy a used car from a private party. you obviously only deal with cash in these situations, but we were surprised at how long it took us to accumulate the physical cash.
we both use credit unions and found that at the extremely few physical locations where we can access our accounts, we were limited to $500/day on withdrawls. i even overheard an actual member of that CU being limited to $1500/day. that's nothing! we could also utilize the ATM's, but again, you're hitting limits.
It took us nearly a week to get all the money together, and a lot of it ended up being in 20's, so we had this giant stack of bills. it was just weird, because it seems like cash is ceasing to become a liquid form of currency. if it takes two people driving to the bank every day for nearly a week to get a few thousand dollars in that form, it's hardly liquid!
i know i hardly ever use cash in daily transactions, with the exception of the costco food court. you can't use it for internet purchases, you can't get enough of it for large B&M purchases, you can't pay your bills with it. outside of used cars and drug deals, what good is cash anymore?
we both use credit unions and found that at the extremely few physical locations where we can access our accounts, we were limited to $500/day on withdrawls. i even overheard an actual member of that CU being limited to $1500/day. that's nothing! we could also utilize the ATM's, but again, you're hitting limits.
It took us nearly a week to get all the money together, and a lot of it ended up being in 20's, so we had this giant stack of bills. it was just weird, because it seems like cash is ceasing to become a liquid form of currency. if it takes two people driving to the bank every day for nearly a week to get a few thousand dollars in that form, it's hardly liquid!
i know i hardly ever use cash in daily transactions, with the exception of the costco food court. you can't use it for internet purchases, you can't get enough of it for large B&M purchases, you can't pay your bills with it. outside of used cars and drug deals, what good is cash anymore?