I have fond memories of working as a bank teller in a small town during my college years, serving customers and hearing their stories. I’ll never forget my first Friday. It seemed like I’d cashed a thousand checks and it’s a miracle I balanced my drawer. But nothing was more satisfying than handing a smiling worker the cash they’d earned over a long, hard week.
A few weeks into the job, I began to wonder why I was handing people money, rather than putting it into their deposit and savings account. It seemed dangerous to walk around with that many bills in their wallet. I realized two things. First, many of these people didn’t have a bank account because they didn’t trust banks, or the bank didn’t trust them enough to give them one. Second, those cash outs were deposit money, walking right out of the bank.
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