I am sure some of us have seen the meme about the "First National Bank of GameStop". Now at first it sounds very funny and hilarious, which it is, but I'm in a special scenario where I am located in pretty much nowhere where I am hundreds of miles from civilization thanks to my wife wanting to move closer to her family so she can inherit her parents land.
Well my town only has two banks that are owned by the same company, both of which (please do not ask) I cannot be on the premises. While there isn't much of a reason to have cash on me, the times I do need cash, it's very difficult for me. After reading that meme and truly feeling my situation, it doesn't actually seem like the a bad idea. It even works great as there are at least two GameStop locations in my town. They are open much earlier and later than a traditional bank. For those who are not familiar with it, let me explain how it works:
At any GameStop, reserve X amount of games. These games have release dates that are usually far off into the future. When the time comes to collect your cash, cancel those reservations and ask for a refund. GameStop does not charge you any money at all to do this. There are no fees what so ever.
Before we continue, I fully understand that I will NOT be collecting interest. I will not be protected by FDIC or inflation either. I do not plan to put all of my savings using this method, but I expect to put in enough money to be able to manage this properly.
My question is, how viable is this in the long term (or until we inherit our land)? If it is not viable or I do not have my bases covered, what are some alternatives? Either way, I believe it certainly is better than me keeping my cash under my mattress.