The other day when I was taking cash out of an ATM/cash deposit hybrid, I thought to myself, “What an awesome invention.”
No, it wasn’t the first time I had ever used one in my life, but it made me realize what a great idea it was. People take money out all the time, and people deposit money all the time too. Why not just let the cash swap hands with the machines as the intermediary?
Obviously, this system only works in places where there are enough people depositing enough cash, but in my experience it’s been pretty good so far. Banks don’t have to worry so much about refilling their regular ATMs with cash and people don’t have to worry about not having any cash to withdraw.
A simple but elegant solution to machines not having enough cash at all times. While we slowly progress towards being a cashless society, I’m thankful we have these machines in the meantime.