Note that pretty much all ATMs are connected by phone line to a bank network, and they send out signals to the network when they are getting close to empty. So, in effect, they call home to tell the owning bank that they need refilling.
Of course, for permanant ATMs, the bank soon figures out how often they need refilling on average, and schedules it about that often. Because an unscheduled armored car delivery is more expensive than a regularly scheduled one.
Can we assume that these students did not do especially well in Ethics 101?
How often do you go to ATM’s that are out of cash?
Here in NYC, they run out quite often especially during Xmas season. I often wait
while the ATM is being “serviced” rather than try a different ATM with another long line
to wait on.
The amount is different at each location of a bank. A busy one in Atlanta that I work at has $30000 put in it each morning.
If there was one in church to dispense bills for people to put in the collection plate it would dispense $1s..
Our ATMs offer up both US dollars ($20 notes) and local currency ($25 or $50 notes - a few dispense $10 notes as well). Oddly my bank limits me to $1000 per day, whether USD or KYD. That is US$1000 but if I withdraw local currency that is the equivalent of a US$1250. We like the high limits because government imposes a flat tax on each withdrawal. The max is 50x$20= 50 notes if in US. If in KYD you get 4x$25 + 18x$50 = 22 notes.
I frequently travel to Colombia where the machine owners place limits. One bank allows a per transaction limit of 720,000 Colombian pesos (about US$410 at current exchange rates). Thought it was an odd amount to settle on. Notes are 50,000 and 20,000 pesos so it dispenses 15 notes. My bank does not seem to impose a daily overall limit is withdrawing COP from my KYD account.
I’ve seen measuring money be weight. Measuring by stack height is a method I had thought was only used by wives of Mafia hoods setting their price for a blowjob.
This is sweet, in its own way. I know I do the same with some things–sort of on principle for a private pleasure.
How much, exactly, is the government taxing ATM transactions?
That sounds about right. It’s been decades since I worked in a bank, but IIRC we filled it to about 20-40k. The larger amount was for weekends.
And yeah, I was nervous as hell being in control of that much cash in a public place.
You do not have to be a bank to run a chain of ATM’s; just a person with a large amount of cash who wants to make a decent return on his investment (with the added risk of being robbed/killed course) can purchase there own ATM’s. Many of the ATM’s you see in party stores or gas stations are owned by the store and connect to a banking network for record keeping.
ATMs at casinos are often stocked with $100 bills and withdrawls & cash advances in the thousands aren’t abnormal. Neither are angry calls to the credit card company when people max out their card or forget their PIN. 
The credit union I have been with since I was 16 put out in $10 increments. Their standard default is a $30 withdrawal.
I have a brokerage account at Merrill Lynch with checking/ATM features that I use instead of a bank account. I can withdraw up to $2,500 per day (but ML does not have any physical banks or ATMs, I have to use machines that are owned by third parties), which I’ve needed to do twice - once the machine was limited to $300 per withdrawal, the other time it was $1000 a pop. I’m not sure if any ATM owners impose a daily aggregate limit in addition to transactional limits.
In addition, the time I withdrew $1,000 in a single transaction (all in $20s) the bills all came out at once and I’m amazed the machine didn’t jam. It wouldn’t surprise me if this is at least one of the reasons why ATM owners impose their own transactional limits.
As alphaboi867 pointed out, casino tend ATMs have higher limits and are usually stocked with $100s, although I recently received $50s from an ATM in Atlantic City (perhaps due of the recession “It’s (merely) All About the Ulysses’s Baby!”). Casinos usually are also kind enough to offer a service where they will graciously “override” your bank’s daily withdrawal limit, although I believe that you must deal with the casino cage in order to do this.
I have a local ATM that dispenses 50’s. 10’s and 20’s are the norm.
Once I saw an ATM being serviced at night. The guys doing it were two guys, one black, one white, wearing leather jackets and blue jeans. They looked like guys that would be robbing a bank not servicing an ATM. Their vehicle was totally nondescript. Looks can be deceiving.
There’s one theory that says armed guards, armored car, conspicuous markings.
Deter the bad guys…
The other theory says to just not have the bad guys see you until you’re actually servicing the ATM.
Considering this was posted 7 years ago, nothing has changed.
We’ve had a recent spate of these kinds of things in Melbourne.
Considering most shops take eft card and can give some cash at point of transaction, there’s no need to have smaller notes like $10 or $5.