12-05-12 Technology Marches On (or Something)

This is a few days old, but you cannot beat this for an example of business logic and cost-cutting taken to the extreme:

One might imagine the bad press a bank would receive if someone walked into a bank and was told that making a deposit was impossible.  Apparently, it is happening, at least in Norway.

The web address tells it all:

http://www.thelocal.no/page/view/bank-tells-customer-we-dont-take-cash-anymore

The 98-branch Nordea currently handles cash at only nine of its branches.  However, one can still make withdrawals using ATMs, just not deposits.  That said, I doubt many people will would want to deposit money in such a bank.