I was talking the other day to someone who, like me, has left the banking industry after many years for another area of employment. But for a much different reason.
Just about the time you thought you were up-to-date on all the regulatory edicts from Congress-here comes another one!
Mailing your letters, buying your stamps, and making a withdrawal from your bank account while you're in the post office may be a possibility in the near future.
Re: "Mock Hold-ups: A Good Idea?"
With regard to the article in your last issue on mock holdups, I'd like to share with you an incident that happened to a local bank.
With over 70,000 ATMs in operation today, and "new" money costing about three cents per note, it is very costly to destroy notes that still have "life" in them and replace them with new notes.