One might be excused for believing that banks are in the business of specifically handling cash transactions, as well as checks and electronic transactions of all types, and that pretty much everything is therefore fairly covered as a feature provided to customers' accounts with said bank. In actuality, for some reason, major banking institutions don’t seem to like businesses that have what they claim to be an excessive amount of cash transactions, which might only be at a monthly limit of just $20,000 or even much less, and thereupon mandate that a fee be imposed for cash transactions above that monthly limit, which is applicable each month. The reason for the fee seems to be that cash transactions involve more personal labor than transactions of an electronic nature or what a check would represent.
While to some people this type of reasoning might seem to make sense, it has to be acknowledged that all forms of electronic or checking-type transactions are essentially representations of cash. That is to say, a check of $1000 is the representation of cash, and is therefore if so cashed, that entity would receive $1000 in cash – so that it would seem to make sense that all those businesses that bring in cash, shouldn’t have to pay a fee for having what checks and electronic forms of such represent, because ultimately cash is the real deal.
When it comes to banks we find that part of their policy appears to be to find a way to nickel and dime the consumer or business, so that the fees associated with an ATM, or having a banking account, or overdraft protection, and so on are structured to be the type of nuisance so that while people and businesses might not like it, they won’t though take their business elsewhere. This, in a nutshell, is why cash transactions that exceed a certain amount are presently having to pay an additional fee -- as this isn’t something that existed from the beginning, but rather was no doubt tested, and when not enough pushback was received, subsequently implemented by those banks.
Another way, though, of looking at the fees involving cash transactions is that we know for a certainty that big businesses aren’t going to have to pay that fee, because their size and the business that they bring protects them from having to pay those nuisance fees. Rather, it is the smaller businesses that have to pay the piper, which is quite unfortunate, because they are the very same that they don’t have enough power or influence that thus permits them typically to get a better deal, and since they have to pay that fee, it only makes sense that they pass that fee onto their customer base as the cost of doing business, which means that small businesses and the consumers of such, pay a bit more, in which the big banks earn a little more, all at the expense of those that deserve a fair deal.