| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 75.1 | Ask (ahead of time) and you can receive | CLT::TALCOTT | | Tue Dec 22 1987 10:51 | 5 |
| If you know ahead of time you'll want big bills, all you have
to do is let them know. Engagement rings can be expensive - I got
a large supply of $100 bills with just a couple days notice.
Trace
|
| 75.2 | | VINO::GRANSEWICZ | Auhhhhh, I've been slimed! | Tue Dec 22 1987 12:00 | 13 |
| < Note 75.1 by CLT::TALCOTT >
-< Ask (ahead of time) and you can receive >-
> If you know ahead of time you'll want big bills, all you have
> to do is let them know.
Should we really have to? I would think having enough, and the
right denominations, of cash is a primary function of the DCU.
Extremely large quantities, sure make provisions. But they should
be able to give you a few without having to phone an order in.
Phil
|
| 75.3 | Not really a DCU only problem | REGENT::GETTYS | Bob Gettys N1BRM 223-6897 | Tue Dec 22 1987 14:25 | 14 |
| The same restriction on availability happens at a lot of
banks also. I wouldn't consider this a failing of the DCU, but
of the laws of supply and demand. A bank only wants to keep a
certain amount of cash in its drawers, and if it had a lot of
large bills on hand, it would either have to cut down on the
smaller bills available, or up its cash on hand. Neither is
particularly desirable.
/s/ Bob
Note: The situation is better (but not fully "fixed") at a large office
where the number of large bills can be a smaller percentage of
the total cash on hand. (DCU doesn't have a large office!)
|
| 75.4 | | COVERT::COVERT | John R. Covert | Tue Dec 22 1987 22:17 | 7 |
| I see you people are more interested in service than interest...
Keeping lots of big bill on hand (that many people won't want) cuts very quickly
into the interest DCU can earn on its deposits. Greenbacks aren't making any
money for DCU.
/john
|
| 75.5 | I don't need 5 tens if they have a fifty... | VINO::GRANSEWICZ | Auhhhhh, I've been slimed! | Wed Dec 23 1987 14:05 | 9 |
| RE: .3, .4
Having more $50 and $100 bills on hand doesn't mean DCU needs to
keep more cash on hand. Just the amount of $50's and $100's need
to be increased and $10's and $20's decreased since more people will
take higher denomination bills. I don't think anybody is suggesting
DCU doesn't have enough money on hand at their offices.
Phil
|
| 75.6 | Branches have limits | 26644::STRATTON | Roberta Davidson-Stratton | Wed Dec 23 1987 15:16 | 10 |
| re:.5
I don't think so. I used to work in the Bedford (BUO) Branch.
I had people snap at me when I gave them larger bills. Each branch
has a cash limit that they have to stick to and some branches limit
the amount of larger bills to have on hand. Besides, most stores
around here don't like to take anything larger that a $20.00. If
you don't like 5 tens, ask for 2 twenties and a ten.
Roberta
|
| 75.7 | Simple solution | VINO::GRANSEWICZ | Auhhhhh, I've been slimed! | Thu Dec 24 1987 12:06 | 12 |
| RE: .6
Why not ask the person hwo they want their money divided between
bills? When taking out $200, 1 or 2 fifties would be welcome from
my point of view. Let the customers decide.
As for businesses not accepting anything larger than a $20. I haven't
run into this. Maybe a 7-11 with little cash on hand would find
it tough to make change. At the cost of things today, $50 bills
don't go too far.
Phil
|
| 75.8 | You can get what you want if you plan ahead | 29805::KINDEL | Bill Kindel @ LTN2 | Mon Dec 28 1987 10:35 | 13 |
| It's not all that unusual for small banks and petty cash offices to
deal in bills of $20 and smaller, for the reasons mentioned in earlier
responses to this note.
I've received reimbursements for some fairly substantial expenses in
$20s. Sure, it's a pain in the wallet to carry 30-40 $20 bills, but it
would be worse if the cashier had to ask if the customer had change for
a $100 when cashing a check or some such.
If you *know* you're going to need several hundred dollars worth of
cash, most banks (and presumably the DCU) would be happy to make sure
they had the bills you want, given a day's advance notice. They do the
same for requests for foreign bills or travellers cheques.
|
| 75.9 | Official DCU Response | SWATT::LEEBER | Knock Knock! | Thu Jan 07 1988 15:02 | 19 |
| This is an official response by John Tilley of the DCU. The portion of
that response, dated 5-January-1988, that applies to this topic note is
included below. See note 2.22 for more information.
Whether you agree or disagree with the response from the DCU,
*PLEASE* remember I'm just the MESSENGER.
Carl Leeber
******************************************************************************
LARGE DENOMINATION BILLS AT DCU:
The two most important reasons for the limited availability of large
denomination bills at DCU offices are: 1) the average weekly per
member withdrawal is $100, and 2) the branches have VERY limited
vault capacity to hold their cash supplies. If a member needs large
bills DCU is happy to accommodate with a little advanced notice.
If a member needs large bills on a regular basis arrangements should
be made with the branch manager.
******************************************************************************
|