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Re:Banks, gangsters and the strange resurgence of cash by chiph on Thursday October 21, 2021 @10:01PM (#28952992)
Hurricane season started in the southeastern US on June 1st. It's not uncommon for folks to have a few hundred in cash for when the power goes out and the credit card terminals aren't working.
Re:Banks, gangsters and the strange resurgence of cash by hypertele-Xii on Friday October 22, 2021 @12:38AM (#28953795)
Sometimes the card systems don't work on a normal day.

I was checking out food at a supermarket with debit when the card reader crashed. Cashier rebooted it but it complained that I didn't have enough money in the account, which I definitely did. I checked my banking app and it showed as if the transaction had succeeded, but the supermarket couldn't produce a receipt and refused to give me the groceries. When I called the bank they said there's nothing they can do and it would sort itself out in two weeks. The supermarket info desk radio'd that apparently someone else was also having trouble checking out with debit.

That was the day I vowed to always withdraw a month's expenses in advance and fight against full computerization of cash. I can imagine someone getting screwed real good having their food budget stuck in a banking error for half a month unable to buy food!

Re:Banks, gangsters and the strange resurgence of cash by chiph on Friday October 22, 2021 @10:26PM (#28965127)
The other advantage to having some cash post-hurricane is in getting your roof repaired. Roofing contractors will put customers paying with cash at the top of their list.
Re:Banks, gangsters and the strange resurgence of cash by mdp2021 on Friday October 22, 2021 @09:56AM (#28957226)
Good!!!

Now also suppose a "clerical mistake" freezes access to your accounts.