07-01-2006, 10:40 PM
Well that is quite strange, I have worked for a bank, and they had quite an extensive network of ATMs,. tha amount of cash in these is usually not at all 'Material' to the Balance sheet of the Bank. Since all these ATMs have a set number of petty cash in, the bank actually knows how much of it will be withdrawn !!
I think the issue may be more of a 'management' thing, where the bank/s must be reconciling it on 2-3 days interval (and not just the next ay thing)which I must say again is quite strange and would be surprised if a bank had cut off issues with a small amount of cash,.. in their ATMs..
Any more thoughts guys,,
I think the issue may be more of a 'management' thing, where the bank/s must be reconciling it on 2-3 days interval (and not just the next ay thing)which I must say again is quite strange and would be surprised if a bank had cut off issues with a small amount of cash,.. in their ATMs..
Any more thoughts guys,,
