A while back, I wrote about the Penny. Among my closing thoughts were the fact that it was costly to change your coins in for bills at the bank or other establishment. Today's post is similar to that. Only reversed...

So the place I intern at was running low on coins. It happens. We're right next to a bank. Connecting the dots yet? Well, I wasn't donig very much, so I was given the task of getting some 1 coins and 5 coins. To get them I had a 500 bill. (these are all in crowns btw, but since we're talking numbers, it doesn't really matter). Guess what they told me? Yup. LThere was a charge for me to get change...

50 crowns! That's 10% of the money I wanted change for! If this is the standard fee... Imagine going in there to change a twenty for two tens only to be told that you had to pay them 50 to do it...

What I realised yesterday is simple: I have coins that will cost me lots to change in. Jonte Engdahl Motorsports are paying money to GET coins. The synergy effect of this should be really good :).

In the end, the bank has fees on EVERYTHING. Yet they think I should have my money there... I don't. The reason being: low interest. I looked it up recently: 0.00%. You get NO interest by having money in the bank! Why then would I have it there?

(it's a messed up incitement structure, not uncommon, but always infuriating in my mind)