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Your Bank Working For You ?

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Old_Geezer | 18:56 Mon 07th Aug 2023 | News
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https://youtu.be/epRf-SoCNIM

https://youtu.be/PSEiuZL79xk

Every day the signs seem more & more ominous.
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I can't watch the vids, can you summarise?
What's this got to do with banks? It's the customers that are choosing to use non cash methods.
Certainly.

In the first video, a nameless individual is scare-mongering about banks imposing an annual cash withdrawal limit for customers.

he appears to have missed the important word from his own information - and that word is 'could' - which renders his entire rant as doom-laden speculation.

The second video talks about Australia, so i didn't bother to pursue it to the end.

I have better things to do than listen to self-appointed wonks deciding to use social media to speculate inaccurately about possible bank policies that are still at the ideas stage, and imply that they are already bank policy, which they are clearly not.

The move towards a cashless society is not some dark scheme hatched by banks to erode our personal freedoms, it is the way society wishes to proceed - hastened by the reduction in cash usage caused by the pandemic, a lot of people are now paying on their cards and phones, and cash is slowly reducing in importance.

It will take decades for cash to be removed completely from society, but again, it will be the result of society's wish to do so, not because banks are determined to take our cash away.

No matter what some anonymous wonk may say on the Internet.
OG do you still have no DDs and use cheques?
What amuses me is the mass media still referring to them as the High Street Banks - find me a High Street where a bank hasn't been closed - quite a task these days.
Thirsty drinkers in a power cut know that cash is king.
Geoffrey - Newcastle-under-Lyme's Barclay's branch is on its High Street.
There are still plenty on the high st round here though I haven't been in a branch for years.
You're lucky - my nearest branch is a 40-minute bus ride away.
yes geoffrey but why do you even need a branch?
It's handy when you're looking for an edge when fighting 'computer says no.'
Maybe managing to get a word with someone over 30 who gives a monkeys.
Thank you to those who responded to my rhetorical question.

And the last time I required a branch was to cash in some obsolete currency.
I have no D.Ds. and I still use cheques, in response to something TTT asked. I use cash to pay the local lady who has eggs for sale; my hairdresser; the butcher (unless I'm running up a biggish bill like a turkey for Xmas); cards at the Post Office; newspapers (also the Post Office; any small purchase such as a pound of carrots or a loaf of bread. Lots and lots of others - my 'collection'money at church; nipping into the village pub for a quick drink with OH; paying for the Park&Ride bus fare etc., etc.. Life without cash is unwanted and unthinkable.

How could we put a cheque into a Wedding card for our Grandson's wedding recently? A nice surprise for them to open. I will fight tooth and nail to retain cash and control.
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It's evidence of the desire of those in control to get rid of cash.

Of course I still use cheques where I can, but the Covid changes and bank high street abandonment mesns it's more difficult, which supports the way we are being pushed.

When you can't get your own wealth out, and are forced to use the figures in data on your screen, which then get monitored and acted on, then you can revel in more mockery and enjoy your lack of freedom in a controlled society.
A cheque is not cash. You could just ad easily have printed out a copy of a bank transfer receipt or a promissory notr
Australia's movment away from cash appears to be driven by the spending public

https://www.9news.com.au/national/australia-is-slowly-going-cash-free/315d3f6f-6d14-4930-bc93-3894af1b26bd
jourdain: "How could we put a cheque into a Wedding card for our Grandson's wedding recently? A nice surprise for them to open. I will fight tooth and nail to retain cash and control. " - that is anything but a nice surprise, these days a cheque is a punishment! Oddly enough I always put the old bangers and mash in cards for the saucepans.
saucepans?
Saucepan lids = kids.
I have tithed to my Church since my pocket money days, these days I pay by standing order. I pay my window cleaner and other regular transactions by bank transfer. Everything else by direct debit, standing order, debit card or credit card.

If a pick pocket gets my cards, I get my money back. If they steal my cash, it is forever gone.

I no longer overpay on the bus or at the car park because I don't have the right change.

I can always prove I have made a payment, it shows on my bank accounts. That is useful if I can't find the receipt.

My banks works very well for me, and they all pay me interest.

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