Chris wrote:
> Many times, I was going by the bank after a late shift 
> with a big bag of cash, change, and checks, to put in 
> the night deposit.  

I was on the other side of the fence, working as a teller the summer
before college. I was regularly amazed at how trusting people were of
the night drop, which I agree is the conceptual precursor to ATM
deposits. 

Folks would stuff a check in an envelope and drop it into the slot,
without labeling the envelope and without any indication of what
should be done with the check. Usually it would turn out to be a loan
payment, but we'd have to infer that based on the printed info on the
check and a quick search for which loans were due that week. Sometimes
the info on the check wouldn't match any loans or accounts but the
tellers would somehow know what it was for anyway!

Mistakes crept up every now and then. Envelopes would get stuck on a
particular rivet in the night drop slot and fail to make it to the
bottom. We also had to keep all the envelopes for a certain number of
months, because invariably someone would complain that a deposit
hadn't gone through and we'd have to open the bags of empty
envelopes to find one that had been overlooked and unopened.

I suppose ATM deposits remove that human variability, but I still
prefer face to face contact with some accountability and flexibility
built in.

// jeff


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Posted from the new ixda.org
http://www.ixda.org/discuss?post=30789


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