Bill Janklow on Paying ATM’s for Money
on Saturday, November 30, 2013Bill Janklow Money Quote saying it’s amazing that we are willing to give banks money for access to our own money from ATM’s. Bill Janklow said:
Folks can’t carry around money in their pocket. They’ve got to go to an ATM machine, and they’ve got to pay a few dollars to get their own dollars out of the machine. Who ever thought you’d pay cash to get cash? That’s where we’ve gotten to
– Bill Janklow
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In this quote, Bill Janklow is criticizing the practice of charging fees to withdraw one’s own money from ATM machines. He points out the irony that people now have to “pay cash to get cash” through fees imposed by banks and ATMs.
The quote suggests this development was an unforeseen and unfavorable consequence of society’s transition away from primarily using physical money to more digital and card-based forms of currency exchange.
Janklow appears to believe people should be able to easily access their own funds without additional costs, and sees ATM fees as an unfair barrier between individuals and their money.