That's because you presumably have a consumer account. If you had a business account and were depositing thousands in 20 bills they're probably going to charge you fees.
The entire reason why small businesses moved away from cash is because its cheaper even taking into account fees. Food trucks, popups, small merchant kiosks. Not needing to take cash means far less overhead.
You're more than welcome to argue the benefits of cash transactions and in most cases I would agree. But you should not miss the truth of the situation.
Electronic payments are much safer, no physical cash someone can steal.
From what they tell me, that's because: - they get 100% of the money (no tax) - it grants them the right to cheat with tax declaration (which is always good) - it can be quicker and easier than credit card (I'm think of those guys who sells stuff for 5€, for instance)
I believe medium/large businesses loves credit cards, because the people doing the payment are low-waged, untrusted people, who cannot do maths etc (or whatever the reasons managements got in their head) But small businesses ? When you give money to the owner of said business ? They have credit cards because the consumers use them, but they hate them
But you should be very careful in eliminating cash.
I assume cash handling fees are made up by banks who want more transaction fees. That’s not a real thing in my experience. I many times have gotten a discount for cash. I have not shopped a few places because they don’t accept cash. But I have yet to be charged a cash fee by any of the banks I use.
And they have insane surveillance data on their customers from doing so. Data that is used for all kinds of unintended purposes.
Cash is also one of the last strongholds left to maintain anonymity and keep purchasing information truly private without handing heaps of data to the corporations that make a buck off your receipts—or worse, to hackers, in the case of a data breach.
To say nothing of the unbanked… which is a massive issue.
If that’s the future you want, we don’t see eye-to-eye. You are giving up a LOT more than you realize.