Posted 3/26/2020 23:17 (#8142081 - in reply to #8139491) Subject: RE: $1200 checks and banks
Vault cash is dead money (earning nothing) to a bank and is monitored on a daily basis. Some business still make daily cash deposits which in turn is used to help cash checks, etc. Also, most companies require direct deposit nowadays and it's rare to even see a social security check anymore, hence not a lot of cash is needed. However, just like with Y2K, banks are probably keeping a little more cash to satisfy customer demand for virus induced withdrawals.