MSE News: Bank of England promises more £5 notes in ATMs

Biggles

jrawle wrote: »

Reading the BBC discussion thread, who are all these people who take out £100 or more a time? Why does anyone use such a quantity of cash in this day and age?

I'm certainly one. Who wants to keep looking for an ATM because you've suddenly run out of money?

I want £10 & £20 notes in my ATMs. And I want £5 coins in my change. £5 notes are far too fiddly in this day and age.

pauljoecoe

jrawle wrote: »

Reading the BBC discussion thread, who are all these people who take out £100 or more a time? Why does anyone use such a quantity of cash in this day and age?

Well two points here.

1. £100 doesn't go far these days. Its only a couple of round at the pub and it still seems weird paying for a pint by credit card!
2. Cant be bothered to visit the ATM to often so stack up whilst I'm there. With current interest rates the moneys as well in my wallet than in the bank.

But agreed - can't wait til cash is history!

Derivative

Give it ten years and a pint will be >£5, right about then the five pound note becomes pointless.

agrinnall

Biggles wrote: »

I'm certainly one. Who wants to keep looking for an ATM because you've suddenly run out of money?

I want £10 & £20 notes in my ATMs. And I want £5 coins in my change. £5 notes are far too fiddly in this day and age.

Completely agree. Get rid of 1p, 2p and 5p coins which are effectively worthless now, replace £5 note with £5 coin which will last 10 times as long.