interesting story from cnn
wonder if they take traveller's checks?
I've seen it.. and been with someone and got a chance to see it "live"...
No, they don't take T/C's unless it's for deposit.. They don't do forex via the boat.. For the most part, they only conduct 'routine' banking matters.. Cash deposits.. limited cash/coin withdrawals, bank loan payment, passbook updates,
Nothing that requires special signatures or it otherwise intricate.
The vast majority of people I saw that day were "simple" banking customers.. They all had cash and coin deposits to make to their savings or other related accounts and one person paid their land (mortgage) loan.
The one interesting thing was how the boat kept in constant contact with the home office.. They used a specially hard-installed phone that allowed for the onboard bank computer to access the network.. If they loose connection, the boat stops service.
Thanks for that! The young lady who did the report is an acquaintance of mine.
Bill, if you've never seen it in person, you should make it a point.. It's very interesting and unique..
I happened to be at a local home as a part of my volunteer work with the Mercy Centre doing a re-homing event (re-uniting a child with his/her now-equipped-to-handle-it family)..
I hear this ringing-- a bell or something.. and being a guy who likes to eat,, I reacted like the proverbial Pavlovian dog.. I asked "is that the lunch bell?"
No, that's how they let the entire 'village' (using the word in the broadest sense) know that the "boat bank" is coming.. If no one puts out the pink and gold flag, the boat does not stop..
Everyone comes with their little bags of money and coins from their store sales or whatever and their well-worn passbooks and sits around waiting for their turn..
Express banking this is not, but it is unique.
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