The other day, I had a banking mishap that I’m sure many people have also had over the last couple of months: having to pay for using an ATM or an ABM (they should just stick with one acronym).
Personally, I’m not a fan of paying for my banking. I think I’ve written about this before, but my feeling is that the banks should feel privileged to use our money to invest and make lots more for themselves.
Somehow banks have reversed that mindset, thinking their customers should feel privileged to give them our money for safekeeping.
Anyway, I was on my way to getting a haircut, which for me is a cash transaction. I didn’t have any so I first went next door to the Mac’s store to get a few shekels from the bank machine.
Up until a month ago, that machine was associated with my bank … I’ve used it many times over the past fifteen years.
But to my surprise, when I got into the store, the ATM was gone. I quickly glanced around and then spied something that looked like an automated teller machine, just in a different colour.
The markings read, “Manulife Bank”, but there was a spot for my debit card to go in, so I inserted it.
I got a message immediately informing me that the transaction I wanted to do would cost me $3. I quickly gave my head a shake because I thought I’d been transported to one of those cheque cashing places, like Cash Money, home of the $300 for $20.
I knew my bank would also charge me for using a machine that is not part of their network, so I had to think for a minute: “Do I really want to spend $5 to take my money out of my bank?”
I must have paused until the machine almost timed out, but I figured, “I need the cash right now, and I will not be doing this again”.
I’ve noticed these Manulife Bank machines are replacing my bank’s machines in a number of places. So now I have to plan a little more carefully when I want to withdraw money from my account.
I guess I could take out an account with Manulife, but frankly I’ve never seen a branch of theirs before. I looked on their website and found that they have five branches spread across Canada – the closest one to me is three hours away!
I don’t think I’ll be banking with them any time soon.
I know that many people don’t think twice about paying the fees for using convenient cash machines, but these banks already have my money for basically nothing. Why should I be gouged so that their president can take home a salary of $3 million a year plus bonuses?
No, I’d rather pick my ATM more carefully so that I’m not giving Manulife Bank executives a Starbucks coffee every time I use their machine.
Here’s the thing: There will always be something that comes along that will seek to take advantage of your money or your time. These things will be convenient and practical. You will feel pressured to part with your time or money. But you have to be your own protector of what is yours. Spiritually speaking, make sure that the things that seek to take advantage of you don’t take from your time with God or your stewardship of His resources.
That’s Life!
Paul
Question: What seeks to take advantage of your money or your time? Leave your comment below.