How much money do small banks usually have on hand, I think it would be ridiculous to have a large amount?
435918
The amount of cash banks have determined by three variables.  The first is required reserves.\n\nThe Required reserves of money that banks must hold in order to satisfy customer needs.  This is determined by a government agency called: The Federal Reserve or 'The Fed'.  \n\nFor example if the Fed sets the required reserve rate at 20% then banks will have to hold 20% of all deposits.  So if someone deposits $100 and the required reserve is 20% then the bank will have to hold $20 to be available for withdrawal on demand.  100 x .20 = 20\n\nThe second variable that determines how much banks hold is the: \n\nDiscount Rate [the interest at which the Fed loans banks money if they accidentally run below their required reserves] \n\nAnd the: Federal Funds rate: [the rate at which the Fed mandates that banks loan each other money]\n\nIt's profitable for banks to make loans but they don't want to fall under their required reserves otherwise they'll have to borrow money and that gets expensive.  \n\nSo when the Federal Funds Rate and the Discount rate are high they'll keep more excess reserves so their chances of accidentally falling under their required reserves are low and they won't have to borrow money.\n\nWhen the interest rate is low it's cheap to borrow money and banks don't have to worry about falling under their required reserves so much.  So they'll make more loans and have less money in their reserves.  Because if they run under their required reserve ratio because of unanticipated demand [a lot of people want to withdraw money] they can just take out a loan at a low rate and they won't lose too much profit..\n\nThe third variable is the Feds open market operations.  By buying or selling bonds the Fed can influence how much money people deposit in banks and interest rates.\n\nSo those three variables are primarily what determines how much money banks [large and small] have on hand.  Smaller banks are allowed to have a lower required reserve [they aren't required to hold as much money by law] because they don't have the vast resources of larger financial institutions.
667272
I would suggest you get financial advice from a bank or other lending company .  if you think people are gonna give you money ,  your nuts
796996
That seems like a lot of money.  It might be worthwhile to call the bank where you have your account and ask their advice -- there may be someone there who is accustomed to seeing this type of business and can tell you whether the fee is reasonable for what you are trying to do.  And your bank will know about the transaction, anyway, once you get the money deposited.
317411
Probably aroun $30000.00, cause most of them don't ever have anything in them. The ones that do never have more than three cents.
948371
You deposit your money in different banks which none of them exceeds 100.000 USD.  If your money is too big then you shouldnt deposit your money someone else's bank. You can open a bank or keep them in a safe. The safe could be hosted by some bank.  If you do it then noting undesired happens to your money. Good luck!\nPs. No consultation fee. Feed a poor.
685733
No, absolutely not. Why would you want to stop stacking a 100 of them each time you want to deposit a dollar to your bank account? Not to mention saving your gas money to make the trip to the bank? And pretending there is a huge difference in saving when paying $11 for something that costs $10.99 . So yes, it's definitely worth having pennies around
1136609
There is a huge difference between  bankers and venture capitalists. And I'm not just referring to the cost of borrowing so tread cautiously here.\n\nBefore I can provide you with advice I need a little more information. How long have you been in business?  About how many people work there?  Why do you need the money?\n\nJust a quick note " fund some of our operations " might suggest you need money just to keep the business open. If this is not the case it may be better to delete this part of your question.
100261
Saving is not about Big Numbers. It isn't even about Little Numbers Across A Long Time. It is about Consistent Numbers Across Any Time.\n\nSaving money certainly involves "not buying stuff." But this view is far too narrow. So long as saving is equated with sacrifice it will be an uphill battle to save. Having day-to-day life that is as stress-free as possible is very important. Continual sacrifice and stress-free living clash harshly for many people. Some people focus on changing lifestyle-related choices, sometimes called the "latte factor," as a method for realizing day-to-day savings. I agree that this is good advice for some people, but as a first step it isn't necessarily the most effective. There are other things that can be done, too.\n\n1. Reduce monthly fees. Stop paying banking fees for services you don't use or don't need. Many banks charge monthly "service fees" or "maintenance fees" for checking accounts. If your bank offers "free checking" or "free checking with Direct Deposit" (and you have Direct Deposit) switch your account, or find a bank that does offer "free checking." Even the smallest leak in any plumbing system will eventually collect enough water to fill a bathtub, so to will even the smallest recurring monthly service fee eventually steal one month's rent.\n\n2. Detemine a reasonable monthly budget. It is important to know "where it all goes." Rent, utilities, cell phone, car payment, insurance, groceries. There is no doubt these numbers exist, but most importantly nearly all of them can be known in advance. Some of them can't be known exactly, but they can be estimated. My advice is to estimate unknown amounts not for the sake of accuracy ("The cell phone bill is usually $40.00 per month."), but for the sake of certainty ("The cell phone bill has never been more than $80.00 in any month."). In the beginning of making and using budgets, they work best when costs are overestimated rather than underestimated. It is far less uncomfortable to have "too much" money left at the end of the month than it is to have "too little" left over and bills still to be paid at the end of the month.\n\n3. Begin saving automatically. If your employer offers Direct Deposit, and you can open a "free checking" account (with or without Direct Deposit), use this financial automation to the maximum. Open a second checking account. Then contact your HR department to request that your paychecks be split across your two checking accounts.\n\n4. Separate paying bills from saving and investing. Use your primary account for all monthly expenses: rent, utilities, food, car payments and pet food. This is your "Cash" account. The second checking account is dedicated for saving and investment purposes. You won't draw funds from this "Investment" account to pay bills. That isn't what saving is about. Saving is about having money available to fund medium-term and long-term goals. Things like retirement, paying college tuition or buying a home. The "Investment" account will drive all of your automatic saving and investment mechanisms. Similar to Direct Deposit, schedule Automatic Withdrawals to transfer funds from your "Investment" account into high-yield savings accounts (4.50% or better) and retirement accounts (Traditional and Roth IRAs).\n\nHere is how to implement the above steps.\n\nLook at the ING Direct website. ING has savings accounts with excellent interest rates, with no minimum required balance. In addition look at the Vanguard website. If you don't have an IRA, 401k or any other kind of retirement account Vanguard has the lowest custodial costs ($10.00 per year) and lowest minimum required balances (usually $3,000.00) of any financial services company today.\n\nAccumulating enough money to open an account with Vanguard may
989427
Complexity. It would have to be about twice the size. Additionally the people who fill it would have to deal with that much more money. Thus would be a much larger target for robbery.
777636
A grand is a serious amount to be overdraft, eventually you will have to come up with the money otherwise they can get you into a lot of troubles..☺
321770
Any unusually large bank deposit is reported.  There is a specific amount, in fact, but I don't know it.  I am sure you could find out through the Internet what the exact amount is.  The person who told you "no" up above is wrong.  It's to keep people from tax evasion, money laundering and other illegal activities.
628916
2500.00  is not really that nuch,  I'm sure you will have no problem at a bank
646255
put some money in the bank
993051
It's hard to say hypothetically, but often when a local government needs to build something, they use cash-on-hand as much as they can and borrow what they need to to make up the difference.  The cash usually comes from a budget surplus. So in your example, they might use $25 million from that year's budget surplus and borrow the other $75 million in the bind market.
1173927
They are being minted in equal quantities, so they will all be equally rare -- which is to say not rare at all.  When coins are minted for circulation, the government always deliberately throws a large enough quantity into circulation to ensure that the value of the coin is very, very near its face value.  Otherwise, the production of money worth more than its face value would cause inflationary pressure in the economy as a whole.  The cost, therefore, should be 25 cents.
581476
dont know exactly but it has to be some ungodly huge amount.
370585
For checking accounts, typically nothing or next to nothing.  For savings account, anywhere from 1% to 3%, depending on the amount of money in the account.  You probably need at least 100k to get the full benefits of high interest.  The smaller banks have to give higher rates to attract customers from the bigger banks.