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How do banks and private ATM owners afford to run an ATM?
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2018-02-23 at 4:26 AM UTCSo they put a large amount of cash in the ATM... How do they make money let alone afford fo run it? $3 - $3.50 fees from non memebers cant come close the amount of cash they put in... There must be some compicated system where the funds get credited to that institution...but ultimatly its the individuals money not the bank's
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2018-02-23 at 4:37 AM UTCThe ATM itself does not have to make a profit. The bank makes profit in other ways.
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2018-02-23 at 4:52 AM UTC
Originally posted by Needledick_Needledick_Needledick So they put a large amount of cash in the ATM… How do they make money let alone afford fo run it? $3 - $3.50 fees from non memebers cant come close the amount of cash they put in… There must be some compicated system where the funds get credited to that institution…but ultimatly its the individuals money not the bank's
it does so by selling your personal info, including your CVVs to a third party,
like carder007s.The following users say it would be alright if the author of this post didn't die in a fire! -
2018-02-23 at 4:56 AM UTC
Originally posted by 哈哈你看不懂中文 The ATM itself does not have to make a profit. The bank makes profit in other ways.
This. The benefit of the ATM to the bank is in having a large network of ATMs for customer convenience, so you have more people banking with you. The primary way banks make money is not through any bullshit they do with you, it's through lending and investment, which they do with the money people deposit in their shit. -
2018-02-23 at 5:02 AM UTCthe ATM brings people into your store just to use the ATM. but many of the users then find themselves in a convenient store with a handful of cash, often they buy something.
something = profit
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2018-02-23 at 5:03 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2018-02-23 at 5:05 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2018-02-23 at 5:06 AM UTC
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2018-02-23 at 5:11 AM UTC
Originally posted by Jeremus This. The benefit of the ATM to the bank is in having a large network of ATMs for customer convenience, so you have more people banking with you. The primary way banks make money is not through any bullshit they do with you, it's through lending and investment, which they do with the money people deposit in their shit.
thats not feasible in america where the population have more debts than savings.
you dont know shit about finance. -
2018-02-23 at 5:15 AM UTC
Originally posted by benny vader thats not feasible in america where the population have more debts than savings.
you dont know shit about finance.
Benny, every time you post it lowers the IQ of everyone in the community. Kill yourself, reload your save file, then kill yourself again.
PS: Debt is not inherently bad. -
2018-02-23 at 5:25 AM UTC
Originally posted by Jeremus Benny, every time you post it lowers the IQ of everyone in the community. Kill yourself, reload your save file, then kill yourself again.
PS: Debt is not inherently bad.
how can the banks lend more than the amount of money people deposit in to them ????
thats just not mathematically possible mane.
ps/s : and we're not even discussing the goodness or the badness of debts. -
2018-02-23 at 5:29 AM UTC
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2018-02-23 at 5:32 AM UTC
Originally posted by RestStop That's true but something like 2% of people own 98% of the wealth..those are the niggaz who are making them billions in interest.
so its true that ATM dont make shit from the monies of their depositors and capt. faggot knew nothing about banking and finances.
thanks for your cooperation. -
2018-02-23 at 5:34 AM UTC
Originally posted by benny vader how can the banks lend more than the amount of money people deposit in to them ????
thats just not mathematically possible mane.
1. When did I say they did?
2. https://en.wikipedia.org/wiki/Interbank_lending_market
3. Kill yourself.ps/s : and we're not even discussing the goodness or the badness of debts.
Do you understand that having debt doesn't mean you don't have money (including savings)? We'll move from there. -
2018-02-23 at 5:34 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2018-02-23 at 5:36 AM UTC
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2018-02-23 at 5:37 AM UTC
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2018-02-23 at 5:43 AM UTC
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2018-02-23 at 6:23 AM UTC
Originally posted by Jeremus 1. When did I say they did?
Originally posted by Jeremus …The primary way banks make money is not through any bullshit they do with you, it's through lending and investment, which they do with the money people deposit in their shit.
2. https://en.wikipedia.org/wiki/Interbank_lending_market
Longer-term trends in banks' sources of funds
In the past, checkable deposits were US banks’ most important source of funds; in 1960, checkable deposits comprised more than 60 percent of banks’ total liabilities. Over time, however, the composition of banks’ balance sheets has changed significantly. In lieu of customer deposits, banks have increasingly turned to short-term liabilities such as commercial paper (CP), certificates of deposit (CDs), repurchase agreements (repos), swapped foreign exchange liabilities, and brokered deposits.3. Kill yourself.
no.Do you understand that having debt doesn't mean you don't have money (including savings)? We'll move from there.
yea, like having millions in mortgages and having only a few hundred Ks in your saving/checking account isnt like having no money,
it doesnt mean your a millionaire either. -
2018-02-23 at 6:25 AM UTCwait
does captain falcon think he's a millionaire because he has millions in mortgages and debt
