Service That Delivers Money from Your Bank Account to Your Door

2 points by mikenwani ↗ HN
I was hoping you guys could go extensively into why there isn't any such business like that right now?

All my friends could come up with when I suggested the idea were:

"ATMs are convenient enough, and even ATMs with fees would probably be cheaper than whatever you'd have to charge for the service"

And:

"And people primarily need cash when they're out, not at home"

But isn't it true that you really shouldn't underestimate the laziness of people? People will gladly (and perhaps subconsciously) pay a little more for a service that they really find convenient (Uber). And the 'drop off' doesn't have to be at your home, it can be at most public addresses depending on the city that you're in.

As far as security goes, there could be multiple steps, but the easiest (and really the only necessary one) would be that when the person that drops off the money arrives, he/she has to first check with the recipient; their ID and credit/debit card, or other verification like that. Then give 'em their money. That's it!

I'm not talking about the hard parts, which is getting banks to work with you and so on. I'm talking about strictly whether or not this is a great idea with a market audience waiting.

So, please school me!

4 comments

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High cost of armed transport
I'm not seeing where armed transport would come into play?

Picture this; by opening an account with our service, we get a gateway into the customer's bank account (much like any other service that automatically takes money from your bank account). When you do a request on the service to get cash delivered, that money (plus a fee) goes to us, which we can now just withdraw and send to you.

Where does armed transport come into play there?

people goes ATM mostly because they need that money immediately, it is not convenient at all, if they have to wait.
I've heard this countless times: "Let's go to xxx !" "Yeah, sure! Ah I have to stop at an ATM first before we do." I see what you're saying that a lot of human beings would just walk to an ATM (no matter how close or far... or they get their friend to cover them for the night), but I think there's also a good amount that would prefer this convenience...