Re:The War on Cash
by PeterisP on Wednesday February 17, 2016 @06:16PM
(#11122349)
You can reasonably live through your entire life there and never, ever, not even once need to handle $3000 of cash (and of course, not a single paper check ever as well).
Cash is used for small everyday purchases, but everything else is expected to be digital - bank accounts and debit/credit cards - I mean, if you're buying something big, wiring the money is free or almost free and fast, but getting that amount of cash requires significant fees and hassle; exactly the opposite of how it's in USA.
You could withdraw thousands of euros in cash and buy large things that way, but it would look strange because it is strange, as most people in the same situation would not do it and there seems to be no obvious reason why someone would want to do it that way as for (almost) everybody all their income is in the "banking world" and all the large amounts of physical cash exist only in some social niches that "the average person" meets only rarely or not at all.
Cash is used for small everyday purchases, but everything else is expected to be digital - bank accounts and debit/credit cards - I mean, if you're buying something big, wiring the money is free or almost free and fast, but getting that amount of cash requires significant fees and hassle; exactly the opposite of how it's in USA.
You could withdraw thousands of euros in cash and buy large things that way, but it would look strange because it is strange, as most people in the same situation would not do it and there seems to be no obvious reason why someone would want to do it that way as for (almost) everybody all their income is in the "banking world" and all the large amounts of physical cash exist only in some social niches that "the average person" meets only rarely or not at all.