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Business/Finance
See other Business/Finance Articles

Title: Norway Bank tells customer: We don’t take cash anymore
Source: [None]
URL Source: http://www.thelocal.no/page/view/ba ... omer-we-dont-take-cash-anymore
Published: May 8, 2012
Author: staff
Post Date: 2012-05-14 06:17:43 by Tatarewicz
Keywords: None
Views: 151
Comments: 10

A returning Norwegian traveller wanting to pay cash into his account thought bank staff were pulling his leg when they told him they no longer accept bank notes.

Last week, Bjart Berge headed to his local Nordea branch in Stavanger city centre to deposit his remaining dollars after returning from a trip to the United States, only to be told the bank no longer handles cash of any kind over the counter, newspaper Bergens Tidende reports.

”I thought it was an April Fool’s joke; I couldn’t believe it was true,” Berge told the newspaper.

The Stavanger branch stopped taking cash on May 1st, bringing it in line with company policy. Of Nordea’s 98 branches in Norway, only nine still handle cash.

Nordea spokesman Thomas Sevang explained that the bank was in the process of automating all its cash services and was installing new machines for withdrawing and depositing cash across its network.

”He [Berge] has encountered the bank of the future,” said Sevang.

But in the bank of the present, none of the deposit machines take dollars, and the bank was not able to say when this would become possible.

”You can take money out of an ATM in either Norwegian or foreign currency,” said Berge.

”The same should apply for deposits. But when that possibility doesn’t exist, it’s a bit early to cut the umbilical cord.”

Nordea’s Sevang said he understood it wasn’t optimal for the customer to have to ask a friend to deposit the dollars in another bank before having the money transferred to his own account.

”We well understand that situations arise in a transition phase that the customer experiences as more troublesome. But this is part of a development that will become easier and easier to deal with. We believe this is the future,” said Sevang.

The Local (news@thelocal.no)


Poster Comment:

It's one way to prevent bank holdups; safer for employees.

Post Comment   Private Reply   Ignore Thread  


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#1. To: Tatarewicz (#0)

Sounds like its time to change banks

Calling Ron Paul an isolationist is like calling your neighbor a hermit because he doesn't come over and break your window - unknown

Jesus said, "Forgive them Father for they know not what they do. Evangelical Fundinuts say, "kill them all who will not bow down to the Zionist Jew." - F.A. Hayek Fan

F.A. Hayek Fan  posted on  2012-05-14   8:09:46 ET  Reply   Trace   Private Reply  


#2. To: F.A. Hayek Fan, Tatarewicz (#1)

Sounds like its time to change banks

It's time for customers to withdraw all of their cash and watch how quickly the bank abandons this policy.

HOUNDDAWG  posted on  2012-05-14   12:45:13 ET  Reply   Trace   Private Reply  


#3. To: All (#2)

Test post. (FIREFOX IS SCREWING UP)

HOUNDDAWG  posted on  2012-05-14   12:50:08 ET  Reply   Trace   Private Reply  


#4. To: All (#3)

TEST POST #2.

HOUNDDAWG  posted on  2012-05-14   12:53:03 ET  Reply   Trace   Private Reply  


#5. To: HOUNDDAWG (#2)

It's time for customers to withdraw all of their cash and watch how quickly the bank abandons this policy.

That would create a panic and start a run on the bank. Watch how fast they close the doors. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2012-05-14   17:40:34 ET  Reply   Trace   Private Reply  


#6. To: BTP Holdings (#5)

It's time for customers to withdraw all of their cash and watch how quickly the bank abandons this policy.

That would create a panic and start a run on the bank. Watch how fast they close the doors. ;)

That is indeed likely.

But, I'd be willing to risk it, if for no other reason the banking and financial swindle and loan industries would be all too amenable to giving up some of the big NY banksters for criminal prosecution in order to "restore customer confidence".

And, if not, and folks go back to state chartered banks or keeping the loot buried in the back yard then I'd also have no problem with that.

Of course multi bazillionaires won't keep their wealth at home because "capital that isn't earning munny is losing munny". So, they'd have to either reinvest in America or transfer or smuggle their loot overseas.

But the one percentile has had it good long enough, and any who haven't accrued enough ill gotten gains before now will get no sympathy from me.

HOUNDDAWG  posted on  2012-05-15   13:50:43 ET  Reply   Trace   Private Reply  


#7. To: HOUNDDAWG (#6)

But the one percentile has had it good long enough, and any who haven't accrued enough ill gotten gains before now will get no sympathy from me

I told the local banker, when I was to see him for a notary, "Federal Reserve Notes are obligations of the United States." He gave me a wide-eyed stare. I told the same thing to the woman who does the bookkeeping where I work. I got the same stare from her. I do not think it was a stare of mis-understanding. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2012-05-16   16:16:22 ET  Reply   Trace   Private Reply  


#8. To: BTP Holdings (#7)

I told the local banker, when I was to see him for a notary, "Federal Reserve Notes are obligations of the United States." He gave me a wide-eyed stare. I told the same thing to the woman who does the bookkeeping where I work. I got the same stare from her. I do not think it was a stare of mis-understanding. ;)

Probably not.

They know all too well that Frauds (Ø) are worthless, and that they are backed by political hot air and kept alive by public ignorance, which is disingenuously labeled "public confidence".

But the real source of the confidence comes from the men labeled as such-the same men who are busting their flabby chair cushions to hoard all of the gold they can lay their greasy paws on.

HOUNDDAWG  posted on  2012-05-18   1:27:15 ET  Reply   Trace   Private Reply  


#9. To: HOUNDDAWG (#8)

They know all too well that Frauds (Ø) are worthless, and that they are backed by political hot air and kept alive by public ignorance, which is disingenuously labeled "public confidence".

ROTFLOL!

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2012-05-19   12:00:15 ET  Reply   Trace   Private Reply  


#10. To: Tatarewicz (#0)

the bank no longer handles cash of any kind over the counter,

Why deposit over the counter when youu can deposit into an ATM? I know there will be a delay getting the account credit, but that will take care of the cash problem. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2012-05-19   12:03:43 ET  Reply   Trace   Private Reply  


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