Oh, to Be the Owner of This ATM Receipt

I went to a Duane Reade near the East Village to withdraw $40 and found this ATM receipt stuck in the machine. It’s just sort of this stunning reminder that rich is relative, and New York City is a wild and diverse place. Millionaires are just like us! They use the Duane Reade ATM in the East Village and forget their receipt! Most likely on his or her way to buy 200 Mamoun’s falafel!

[Ed. Note: There's no doubt that this person is rich, but speaking of rich is relative, remember the $100 million savings account receipt found in The Hamptons last year?]

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26 Comments / Post A Comment

wearitcounts (#772)

yeah but…who keeps $3 million in their CHECKING account? jesus.

bgprincipessa (#699)

@wearitcounts That interest matters so little to them… POCKET CHANGE.

wearitcounts (#772)

@bgprincipessa that and who DOESN’T need constant, instant access to multiple millions of dollars? who knows when you’re gonna just impulse-buy that private jet they put right near the checkout counter next to the candy bars.

katethegreat (#2,545)

@wearitcounts it’s less the interest than the fact that accounts are only insured up to $250,000. It’s just insane to have that much money in a single account.

wearitcounts (#772)

@katethegreat yeah that’s kinda what i was thinking…checking accounts are prooooobably the least secure place you can keep your money. including mattresses and inside the backs of toilets.

WaityKatie (#1,696)

@wearitcounts But inside the backs of toilets is where you keep your drugs! No room for the money there.

wearitcounts (#772)

@WaityKatie WAY TO BLOW MY COVER

…er. no pun intended.

Markham (#1,862)

@katethegreat having dozens of accounts is probably annoying and what is the chance of the bank failing before he or she realizes it and takes their money out?

I mean no one lost money that way in the last crash.

This person probably has it for, well, whatever, bills, spending, cars, their real money is probably elsewhere.

I.e. I figure anyone with $3 million in the bank has tons more elsewhere.

OR

They’re an executive who gets paid millions a month, and they transfer it out later and he or she just got paid.

Blondsak (#2,299)

I kinda feel like Haley Joel must have when he realized he was seeing dead people. Like, I thiiiink people like that might exist, but seeing it in the fle – er, fibers? Really scares the crap out of me.

Megano! (#124)

I am so paranoid about leaving these around! I would be even more so if I had 3 fucking million dollars in my account! That’s like an invitation for robbers to find you!

@Megano! Me too! Plus, this person is probably a coke dealer.

WaityKatie (#1,696)

You need about that much money to be able to afford to buy anything at Duane Reade. Seriously, why does every trip there cost me a minimum of 50 dollars?

la_di_da (#1,425)

This is how I read this: oh he’s got 3,000 in his checking account, that’s great, what’s the big deal.

I CANNOT PROCESS THE SECOND COMMA! …no really, it took me a good couple minutes to be like oh, wait, OH!

swirrlygrrl (#2,398)

@la_di_da Yup, me too.

darklingplain (#938)

@la_di_da Me too. My brain just rejected the last three digits.

MargaretMead (#2,229)

Maybe they’re about to put a down payment on a mortgage, or just won a medical malpractice lawsuit? Hmm.

aetataureate (#1,310)

@MargaretMead BOTH

Tatiana (#194)

holy crap. they need to move that money into savings, please god — and they can give me the accrued interest!

OK, I’m going to go ahead and start the “Really? $3.6 million is barely middle class in New York” thread. Ready… GO!

deepomega (#22)

To be fair, current interest rates in savings accounts are basically zero. Like mine is at 0.01% APR, which is to say, 360 bucks if you have 3.6 million.

sunflowernut (#1,638)

@deepomega Nah there are high yield savings accounts out there that’ll give you way more. Ally has one with a .95% interest rate. Which would be about 35 grand/year

I don’t think the 3 million dollars is this entire persons life savings. If it was it would be invested elsewhere. I think this money is this individuals, weekly money or something. Its the only way to explain why that money is not is a high yield savings account or being managed better. No one would do that with their entire savings.

So this person is mega loaded and considers 3 million dollars spending money. To have that life!

readyornot (#816)

@EngNaturalBeauty@twitter I was thinking perhaps it is not an individual at all but a company, but that didn’t really explain to me why they were at an ATM for cash…though it is $600. six hundred dollars. wow.

This person has a money market checking account. They aren’t earning zero percent interest, but rather have their checking account hooked up to one of their investment accounts such that the balance of their investment account is reflected in their checking account when they go to the ATM. It’s doubtful that this is their primary investment account, either. This is probable their most liquid account, and thus they have it tied to an account to give them quick access when necessary.

Markham (#1,862)

@French Linton@twitter or that….

I just thought of that after I made my comment, my brokerage is linked to a cash management (with insurance up to $750k) so certain views show everything.

Still my balance is nowhere near that much, I just set it up that way because there are zero ATM fees, better service, etc., I figure it’s what rich folks do so why not set mine up that way if the brokerage isn’t charging me any fees?

Rezpect (#621)

Envy. Envy now!

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