Road Money

racerex
racerex Posts: 69
in Road general

Curious, I know most of you guys (and girls) are from the UK, so I'm wondering if this is just a US thing, or if it's just me. I've started a sort of casual hobby of picking up money I find at stop lights on my rides. The stuff that's really worn from traffic I throw in a jar when I get home and now don't know what I can do with it. Will the bank take it? Not sure if there are people in the US just sitting in their cars at stop lights throwing money out the window? It's more than just a few pennies here and there, it's starting to add up. This is just the bad stuff found over the past few months or so, hardly identifiable. The coins in good shape I spend obviously, probably this much more again....

roadmoney.jpg


Comments

  • oxoman
    oxoman Posts: 414

    Yep definitely a yank thing. Most people in uk converted to cashless during covid. My local pub is encouraging us to pay cash to keep prices down because the bank want to charge extra per cashless transaction.

    Too many bikes according to Mrs O.
  • pblakeney
    pblakeney Posts: 27,319

    People literally throwing money away is a sure fire sign that coins and cash have a very limited lifespan.

    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • Dorset_Boy
    Dorset_Boy Posts: 7,557
    https://forum.bikeradar.com/discussion/comment/21057192#Comment_21057192

    Sounds a little odd. Card readers cost about £25 up front and minimal transaction fees. Banks are closing their branches left, right and centre. It is 'hard' work for the bank to process cash as it involves a teller.

    I'd say the truth is they don't want to put all the transactions through the books.

  • davebradswmb
    davebradswmb Posts: 545

    Banks charge businesses way more for handling cash than cards, so there must be another reason why they want cash - they aren't putting it in the bank.

    There are a few bars that refuse to handle cash because it makes a significant difference to their insurance bill.

  • oxoman
    oxoman Posts: 414

    A lot of banks are charging per transaction and when your doing smaller transactions for a few beers in a round it mounts up. If it's larger amounts it's not so bad. It's hopefully keeping the cost of the beer down by paying by cash.

    Too many bikes according to Mrs O.

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