/biz/ - Business & Finance

So here is the scenario:

-Buy a used, refurbished, and inexpensive ATM (Depending on your luck $200-$900)
-It needs to be operational.
-Set it up at your home or apartment.
-Research online all the various banks that refund ATM fees. Some banks even say "unlimited". How unlimited is that though? I'm curious if anyone knows please let me know.
-I've done some of the research there are dozens that refund ATM fees at some level. Probably just under a dozen that offer unlimited.
-Open accounts especially the ones that say "unlimited". Deposit $300-$500 in each.
-The question is would a bank reimburse me for 1 ATM transaction a day for the ones that say unlimited? That would add up quick at $ or $5 per day.

Basically you will be simulating customers for the for the ATM. I'd set the fee at $4 or $5. You own the ATM. You are paying yourself the ATM fee whenever you withdraw your own cash from it. However the bank is also reimbursing you the fee you paid yourself. If you can simulate 5 transactions per day (ATM cash withdrawals from different 5 bank accounts that refund unlimited ATM fees) Then you'd make $20 per day. $600 per month $7200 per year. Its not an infinite amount of money but its easy. Its only making 5-10 ATM transactions per day. It would probably take 10 minutes a day or less to do. 1 hour a week for the rest of the tasks to be managed. That actually would pay my rent and internet for example. Lmao It could scale if you are organizing everything and having a girlfriend/spouse signing up for all these banks as well.

Periodically you have to rebalance the bank accounts you are pulling cash from with the account where the ATM revenue is being deposited. You could probably have this set up in an automated fashion.

Would my scheme work? How can I make it better and earn more or efficient? Discuss. This would be the easiest way to NEET on the planet. Kek

>>55241441

Meanwhile your ID literally says "Buy" AHAHAHAHAHAHAHAHHAAH EKEKEKEKEKEK

My sides right now...the universe always provides unreal