The “War on Cash” in 10 Spine-Chilling Quotes

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5. Banks don't like cash

Banks want to make money every time money changes hands. They can't do that with cash. Every time you buy something with a credit card or debit card, banks take around 5% up front, often more. This means they often take in more than states do in sales tax. This is also why they want to eliminate checks. And this is just what they take from the merchants who often have to pay additional fees to cover transaction with cards that have "cash back" programs or other user incentives. Card users then pay high interest rates on any balances they carry over.

Banks are not our friends and they provide little service of value. They are little more than leaches on the economy.