Found Wall Street ATM Receipt Shows $97,084.23 Balance
With all the concern about unemployed Wall Street sloggers and whether they'll be able to keep up their leveraged lifestyle, or even get an apartment, this ATM receipt a reader's coworker found sitting in a Wall Street ATM with a balance of $97,084.23 shows there's at least one person who is going to be okay. Plus, this guy knows what he's doing; note how the balance is just under the $100,000 limit for full FDIC coverage.
(Thanks to Miss Dona!)
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Comments:
mannn....
Hmm... not sure that posting people's ATM receipts online like this is quite ethical. I know how many times we'll see some snooping Chase worker look up the guy's info and then post it here.
Either way, must be nice!!
i bet the dude dropped the receipt on purpose, just to show his is bigger.
I am printing multiple copies of this receipt as we speak. The goal is to keep a bunch of them in my wallet. When I give my number to a woman I will write it on the reverse of the said copies.
Which probably will work until I pick her up in my 2002 Mazda Protege... at that point the jig is up.
Who cares what some random guy has in a bank account? I have more than that in several accounts, just not a checking account that someone could rob blind if my ATM card gets stolen.
yes. some people save a portion of their money, which adds up to a nice lump sum overtime. why all the hating?
also, this doesn't necessarily have to belong to an employed/recently unemployed person from wall street. this chase bank just happens to be located on that street.
"With all the concern about unemployed Wall Street sloggers and whether they'll be able to keep up their leveraged lifestyle..."
Name one person that's concerned... ;)
@Nogard13: I am sure most people have that much. Unfortunately, there are a few of us who have approximately $500.
I think they're just making the point that this person has some amount of financial stability (somewhat), not as a jumping point for so-what-I've-got-more (in which case I would definitely lose...)
He's obviously got nothing in checking if he's pulling a Benjamin out of savings. Hope he doesn't need to do this more than six times a month!
I hear some people even have around a million dollars, but that's probably just a crazy urban legend.
I knew I dropped that thing somewhere, thanks for finding it for me.
You don't have to work for Wall Street to have almost $100,000 in the bank.
It is a savings account, not a regular, working checking account. I have nothing close to that in a simple interest bearing account myself, but that quantity isn't necessarily indicative that he or she will be okay. It's common for us poor folks to think that life would just be perfect if we had some arbitrary sum of money. We suck.
@Tank: There was a website I saw where you could buy ATM receipts with these huge amounts on them that you were supposed to drop or give them to a girl/guy with your number written on the back, like it was the only piece of paper you had on you.
Must be nice!
@Nogard13: You're bank doesn't have a daily ATM withdrawl cap? I have to pull teeth to pull 600 out for my rent by going over two days.
Um, that's a savings account, which indicates this person has less money than they need in their checking account. Indicative of someone having some financial crisis, maybe? So, yeah this does not mean this person is going to be fine. Having a lot of money at one time does not mean you always will.
Also, why is this being posted at all? Furthermore why am I commenting on it? Where am I?
Who would keep almost $100,000 in a savings account with a bad rate, besides maybe Elvis? ATM receipt littering bugs me in general, but thanks to this horrible habit I have now completely forgotten about my own money troubles and am playing fantasy stockbroker with this stranger's money. Thanks!
Since he's getting 2.25% (or so) interest from Chase, he is making about $180 a month in interest. If he didn't take out money, he'd be over the FDIC limits in about a year and a half.
I'm sure that is his highest concern at the moment. :)
Could easily be a business account...or someone that has just recieved a large payout for something (selling a house, inheritance, insurance claim, etc.)
Or someone who just got a loan for something.
@djsyndrome: Not at all. Except when I'm waiting for my rent check to clear, I never hold much money in checking. I keep my money in savings because that's got the highest interest rate, and when I pull from the ATM, I pull out of checking to avoide too many transfers from savings to checking a month.
This guy needs to find a hot chick, write his number on the back and give it to her. Guaranteed she'll call him within hours.
i call photoshop fake!!!
@djsyndrome: Not necessarily. I usually do all my ATM withdrawals from savings so I won't end up bouncing a check.
@Thunderpants: Of course, if he/she just got a big bonus, now may not be the best time to invest it. Even the money market funds are taking a beating.
@dragonfire81: Nononono. It must be a fat cat, getting $100 out of his daily $100k ill-gotten deposits to pay for his daily dose of clubbed baby seals.
Dunno, but I really think you should have redacted the remainder of the number . . .
Just to put it in perspective:
Two years ago a 16x23 studio apartment on the Upper East Side went at about $1650/month. A good-sized 1-bed in someplace like Park Slope or Williamsburg (both Brooklyn) runs about $2000. I got priced out of a 3-bed in Harlem that I was sharing with a roommate when the rent stabilization threshold broke (it got up to over $2000 in small increments) and they jacked it to $3000/month. $50 worth of groceries in most Manhattan stores is equal to about $35 worth of groceries here in VA.
So that $95,000, while not an insubstantial sum, doesn't necessarily go as far as some might think it would. New York's a vicious cycle like that.
There used to be a website you could buy those receipts on....in hopes of giving a girl your number on 'the only thing you have to write on' and then she would see the account balance and her panties would magically drop off.
I think everyone's making too many assumptions about this person based on that printed balance - I've seen balances like that change with one or two transactions.
Also, how do you know the account doesn't belong to someone guilty of fraud of some sort? I'm unimpressed.
The thing is that's one account. This person could have multiple accounts at the same bank, like another checking account or savings account. If the total is over $100K they could stand to lose part of the amount that's over $100K, or be unable to access that amount for a period of time.
Maybe it's a receipt for the US Treasury account. Thats all the money this country has saved up.
Balance? Pshaw! That figure is my daily ATM withdrawl average.
Rather inappropriate ot be posting this. If this is supposed to evoke feelings that Wall Street professionals are overpaid, you are certianly going about it the wrong way.
@deverbative: Yep, the last time I pulled $100 out of a near $100K balance I was also having a financial crisis. I didn't have a spare c-note in my wallet. Can you believe it?!
Actually, why does he have that much money in a brick-and-mortar savings account? Does Chase offer some incredible interest that I don't know about? My guess is that he's doing it wrong, and missing out on a pretty good chunk of interest he could be having if his money were in an online savings account.
@Applekid:
You're doing it wrong.
See, what you do is you tell her that you have that kind of money because you drive a 2002 Mazda Protege. If she's dumb enough to date a guy just because she thinks he's rich she's gotta be dumb enough to believe that.
However you may run into problems again when you take her to McDonald's and ask her to "Keep it under $5"
Seriously, you thought this was worth a post?
Consumerist: Really not cool to be posting this receipt with even partial personal information on it. One can draw no conclusion from this receipt other than that there is an account with $97,000 in it. BFD. You've contributed nothing to any discussion and just posted someone's information on your blog. Ironic how often you write about company's losing our personal data but then you post this info on purpose.
My coworker (the receipt finder) and I came up with a whole backstory for this guy. He's single, lives on the UWS or Soho and this is his fun-money account (he doesn't care about the bad interest rate, it's all about being liquid). The rest of his money is in different brokerage accounts. He took out the $100 to go out with his friends after work.
Dear non-New Yorkers, There are thousands of people that earn well over $1million a year that live in NYC. This $97k receipt isn't a big deal..
Lighten up you kobolds.
I hate to break it to you, but yes there are people out there with money. Who cares? Since when is a hundred thousand in a bank account newsworthy? A person on WALL STREET has money... I'm shocked! Add about 5 more zeroes and then I might find it interesting.
And another thing... why do you assume the receipt belongs to a guy??? Anybody with a halfway decent job in NYC could save up this much after a few years if they really tried.
I don't see the big deal with having $100k in the bank (PLENTY of people do! Believe it!), but this person is not very smart if they have it in a simple low-interest savings account and they're careless enough to just leave the receipt in the machine.
What was funny to me was that they only need $100 in walking-around money. I never withdraw less than $300 at a shot, just to reduce time-wasting trips to the ATM.
Smart, keeping it under the FDIC insurance limit!