Old Financial Technology Habits Die Hard

For the longest of time, I refused to deposit cheques in the ATM machine (after reading horror stories about stolen cheques and the like, from nefarious false fronts which steal cheques), but after a while, I started using this technology (usually because the lines for the tellers were so long). I have written previously about not wanting to use my home WiFi (and absolutely never use public WiFi) for on-line banking, just because I am that kind of paranoid guy, but now I find myself doing most of my on-line banking using my laptop which is connected via WiFi (but not public WiFi).

ATM Machine

Old Technology?

Image courtesy of cooldesign, at FreeDigitalPhotos.net

Last night I caught myself in another one of my “still thinking like an old cranky guy” habits, and that was taking cheques with me to work, so that I could deposit them on the way home at the ATM machine at the bank. I dutifully went out of my way to stop at the bank, and deposited the cheques, but since TD has gone to a new ATM interface, it dawned on me, why wasn’t I just doing the “take a photo of the cheque” deposit method?

The TD ATM machine is simply photographing the cheque, and ‘parsing’ it (although they also keep the cheques, although I have no idea whether the darn things are archived or just shredded after a few days), the same methodology as if I was using my phone. Why didn’t I simply use my phone? My only explanation I can give is old habits die hard, and I keep forgetting about some features available from my bank.

I do still feel some paranoia, so I tend to photograph my cheques with WiFi turned off, and using my Cell Phone Providers network (which is marginally more secure), but I have to remember that the feature exists in the first place.


{ 2 comments… add one }
  • Money Beagle August 16, 2016, 8:57 AM

    We just took on a few new people onto our family cell phone plan. While this will save us all money, I was complaining because it meant more checks to take to the ATM, something that we were trying to reduce, not expand. Then it dawned on me that I could do the ‘take a picture’ method and it was like the dawn of a brand new day! I think sometimes it’s just what you’re used to.

  • aB August 15, 2016, 10:26 AM

    PC financial also has new ATMs. I walked by it the first time, because I thought they ran out of envelopes. Should save a whole lot of paper.


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