On: Canada 'sleepwalking' into cashless society, consu...

[BJones12]

For businesses to deposit cash at RBC (the largest Canadian bank) here's an account that charges $2.50 per $1,000 (branch), $2.25 per $1,000 (ATM)

https://www.rbcroyalbank.com/business/accounts/flex-choice-b...

Which is ~0.25%. Presumably a cash register also has some amortization on it.

[Teever → BJones12]

That sounds like something that could be regulated away if the government felt like it.

[nazcan → BJones12]

That does not include the cost of staff processing it.

[miki123211 → nazcan]

And the cost of staff pocketing some of it, and the cost times risk of it being stolen, and the psychological impact to employees of the store being worth robbing...

[felixg3 → miki123211]

You forgot cash pickup and delivery costs for big stores or sending two employees to the bank with the day’s revenue (that’s the cost a lot of cash-only merchants in Germany usually don’t calculate for). Also don’t forget the counting of the day’s cash, two employees 30 minutes each.