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ATMs In Antarctica

Posted by samzenpus on from the penguin-bankers dept.

Widgett writes "After hearing about the ATMs in Antarctica, I got curious. So I pinged Wells Fargo and got an interview with one of their VPs. The end result is a story about how one services machines at the end of the world, plus — and most importantly — what are the service fees like?"

18 of 26 comments (clear)

  1. "Everything is cooler ... by timothy · · Score: 1

    ... if it happens in a foreign country."

    And that goes double for Antarctica!

    OTOH, shouldn't we use the special status of the Ant. zone to experiment with new (or revived) forms of currency? How about gold, or uranium?

    What happens if you can't pay your rent in the Arctic -- are you left out to dry? (Now that would be jerky ... and so too would you.)

    I wonder if there are ruble dispensers in the Soviet bases, too ...

    timothy

    --
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  2. cash by jcslone · · Score: 1

    this gives new meaning to the phrase "cold, hard cash"

    --
    Not all men are created equal, some are Marines.
  3. What's the purpose of the ATM? by JamJam · · Score: 1

    I'm assuming those stationed down there use internet banking rather than use an ATM to pay bills/check balance. So what's the purpose of the ATM, to withdrawal cash? Are there stores down there? cafeteria's to purchase food at? gambling? seriously what are they spending their money on down there. Additionally if the machines are getting serviced once a year then how is the cash recycled back into the machine? Is there an unwritten rule that you must deposit cash back into the ATM so that it's available for the next person to be able make a withdrawal or is the ATM's float large enough that it doesn't run out of cash in a year??

    1. Re:What's the purpose of the ATM? by Vellmont · · Score: 1


      Is there an unwritten rule that you must deposit cash back into the ATM so that it's available for the next person to be able make a withdrawal or is the ATM's float large enough that it doesn't run out of cash in a year??

      I'd expect that the places you can spend money at have to buy supplies just like any other business, and I'd guess they're not using currency to do so. So the logical conclusion is that there's some person that acts as "banker", and is able to take in bills and credit the stores account. The store can then purchase supplies, and the "banker" puts the money back in the ATM.

      --
      AccountKiller
    2. Re:What's the purpose of the ATM? by tsalmark · · Score: 2, Informative

      The ATM is at McMurdo Station, not the south pole. McMurdo Station is actually quite a large village during the summer with about 1000 residents. They have real businesses just like anywhere else. See: http://en.wikipedia.org/wiki/McMurdo_Station

    3. Re:What's the purpose of the ATM? by smithmc · · Score: 1

      Beer and hookers, same as anyplace else.

      --
      Downmodding is the refuge of the weak. Don't downmod, make a better argument!
    4. Re:What's the purpose of the ATM? by h00manist · · Score: 1

      Whenever I hear the word activist, I reach for my revolver.

      activist. activist. activist. activist. activist. activist. activist. activist. activist. activist. activist.

      --
      Build your own energy sources from scratch. http://otherpower.com/
  4. Lets play "where's george"! by NevarMore · · Score: 1

    I'm not a numismatist but it'd be neat to have a bill thats been to Antartica and back.

    It says in the article that the cash is "recycled", so that means that its rare for new money to enter or leave the system.So lets extend "wheres george" with a specific group.

    Can any Slashdotter down at McMurdo start recording serial numbers for the cash that you handle and publish that? Photographic evidence a plus.

    Sooner or later one of the staff will come home and spend that and it'll get around.

  5. This is potentialy bad... by nicc777 · · Score: 1
    Not sure how US law work but I can think of several countries where they would be breaking the law by recycling the cash like that. The cash is supposed to go to a branch or some sort of cash handling center and there is a lot of accounting that need to happen before cash can just be placed back into the machine. Also, the process of handling money at the machine itself is rather an involved process with various checks and balances and as far as I know can (or should) only be done by bank employees - which I assume is not the case here.

    Perhaps some one else that knows a little more about banking can comment?

    --
    Need an ISP in South Africa?
    1. Re:This is potentialy bad... by Loki_1929 · · Score: 1

      Per the ATS, exactly how laws are enforced is generally up to the country of citizenship for each individual. In the case of banking in the Antarctic, that could mean that individuals servicing the machine would be subject to the banking laws of their country of citizenship or the laws of the home country for the bank responsible for servicing the machine could apply. The ATS is intentionally unclear on the specifics of law enforcement. It's typically understood that each country has a responsibility to police its own citizens while they're there. The US actually has deputy marshals there to police the activities of US citizens and enforce US law among them.

      I think the idea is that with populations being so low and conditions so harsh there, the law of common sense would apply.

      --
      -- "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."
  6. Purcahses by nurb432 · · Score: 1

    So what can you even buy there? I assumed it was all scientific in nature and just a bare minimum to survive. What, did they get a McDonalds and a Walmart?

    --
    ---- Booth was a patriot ----
    1. Re:Purcahses by Anonymous Coward · · Score: 1, Funny

      No, it is for the scientists to pay for their lessons at the "Penguin Flight School of the Antarctic." Penguins know a sucker when they spot one. ;)

    2. Re:Purcahses by proslack · · Score: 1

      They have facilities http://quest.arc.nasa.gov/antarctica/background/NSF/mc-stay.html . Beer isn't free, even in Antarctica.

      --


      Floating in the black seas of infinity without a paddle.
  7. Pawnstars by orsty3001 · · Score: 1

    Wasn't there a guy on Pawn Stars with a receipt from that ATM?

  8. Re:paramounthotel ha noi , vietnam travel port by rpresser · · Score: 1

    I hope they have running water. They didn't mention it, so I'm not sure.

  9. Re:paramounthotel ha noi , vietnam travel port by LordAzuzu · · Score: 1

    What you need running water for, when you have an ATM?

  10. Re:hookers :P by Phrogman · · Score: 1

    They need to have money to pay for the hooker in the bar.

    --
    "The first time I got drunk, I got married. The second time I bought a chimpanzee, after that I stayed sober" Arian Seid
  11. he interviewed a vice-president... by Jetrel · · Score: 1

    I though everyone that worked at Wells Fargo was a Vice-President??

    --
    If it isn't broke, tinker with it till it is!