Hacker News new | past | comments | ask | show | jobs | submit login

it's not like you can drop off a bag full of cash with a note that says "we swears it is $10,000" without some human employee counting it. even with counting machines, they still have to sort it (unless I'm so out of the cash counting game that the counters can sort for you).

besides, you just wouldn't respect them in the morning if they did NOT take some money from you, would you?




It’s not the counting, it’s that you’ve now given them charge of a physical asset they have to pay to secure and transport.


> they still have to sort it

Is OCR really that bad?


> Is OCR really that bad?

Still not 100% automatic. (There is also the anti-counterfeit component.)


I'm pretty sure my bank has a machine that counts and checks for counterfeits. I haven't seen anyone do a manual check in years, about as long as they've had the new machines. Of course there's still work involved, but it's mainly just feeding the machines and typing into a computer.


Luckily, machines don't have costs associated with them. Software and computers neither, I guess that is why I get my MS Office package for free...


Who said it was free? No shit machines cost money, but nowhere near as much as employees.


From the OP

> $3 per $10,000 transacted.

That doesn't sounds that bad. It's just not free.


My bank has ATMs where you drop all your coins in a hole and the notes go on a stacker. It does all that stuff automatically

If there’s a damaged or counterfeit note it spits it back out. This is certainly 100% automated and it tells you exactly how much you deposited afterwards.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: