Should we avoid moving towards a Cashless society?

pelirocco

iAMaLONDONER wrote: »

Not at the middle of the night when tube stations are closed!

If the stations are closed you wont be travelling anyway !

C_Mababejive

No i dont think we should move toward a cashless society,. I think we should re-instate the right for people to be paid in cash. Truth is that once the money goes straight in the bank it isnt yours any more. The state has control of it and can deny your access to it. There has been an abundance of stories recently of people being refused access to their money at the bank for a plethora of reasons. I'll bet this "new" policy came via some circuitous route from central Government.

When the money is in the bank, its theirs..not yours. Do you trust them?

pelirocco

I do worry about the elderly tho , what happens if you get to the stage where technology gets confusing and if you dont have any family help .

When my late mother in law developed the early stages of dementia , going to the postoffice with her pension book to get her money was something she could easily cope with , because I guess it was a routine she was used to . When it switched to be paid into a bank account it set off a big jump in her level of dementia she couldnt cope with a card and pin number

brewerdave

If you live away from the major cities there can be loads of problems with card transactions -for instance I was in a largish pub/restaurant last Friday and they couldn't get a signal for their card machine,even when going outside - fortunately we had enuf cash between us to pay for the meal as I'm not sure whether they had the old fashioned manual embellished card machines available.
Also had a problem with a locksmith recently who changed a lock then produced a card reader...but couldn't get a signal -he ,very reluctantly, had to accept a cheque!!

iAMaLONDONER

pelirocco wrote: »

If the stations are closed you wont be travelling anyway !

London runs night buses!

bugslet

C_Mababejive wrote: »

No i dont think we should move toward a cashless society,. I think we should re-instate the right for people to be paid in cash.

Years ago when being paid in cash was still fairly usual, I was held up at knifepoint in my office for the wages money. I had about 8-9 employees at the time who worked away from the base, so only me in the office. Fortunately I had come in from the bank and put the money in payslips and put them into the drivers 'bins', which the thief didn't realise. He ended up with about £600.00, which was used for running money. I couldn't go back to paying staff cash, now I have 20 employees, it would just not be safe.

pelirocco wrote: »

I do worry about the elderly tho , what happens if you get to the stage where technology gets confusing and if you dont have any family help .

When my late mother in law developed the early stages of dementia , going to the postoffice with her pension book to get her money was something she could easily cope with , because I guess it was a routine she was used to . When it switched to be paid into a bank account it set off a big jump in her level of dementia she couldnt cope with a card and pin number

I had similar experiences with my OH. One of the common experiences with the elderly are money concerns. I found my OH didn't trust anything but cash. He did internet banking, but forever lost passwords and must have spent hours with some very patient call centre staff at times.

iAMaLONDONER

bugslet wrote: »

Years ago when being paid in cash was still fairly usual, I was held up at knifepoint in my office for the wages money. I had about 8-9 employees at the time who worked away from the base, so only me in the office. Fortunately I had come in from the bank and put the money in payslips and put them into the drivers 'bins', which the thief didn't realise. He ended up with about £600.00, which was used for running money. I couldn't go back to paying staff cash, now I have 20 employees, it would just not be safe.



I had similar experiences with my OH. One of the common experiences with the elderly are money concerns. I found my OH didn't trust anything but cash. He did internet banking, but forever lost passwords and must have spent hours with some very patient call centre staff at times.

Did the police ever catch the perpetrator?

Money-Saving-King

iAMaLONDONER wrote: »

The use of cards allow banks to cream off a %/amount of all transactions.

If I go into a Supermarket and buy a pint of milk for 89p, it cost me 89p whether by cash or by card. The same can be said for umpteen situations. I have not used cash for over a decade, I'm better off, it's impossible for me to lose anything.

Why have you not thought of this?

Or are you just an anti corporate? (which I know is the case it's obvious from your op)

Herbalus

Money-Saving-King wrote: »

If I go into a Supermarket and buy a pint of milk for 89p, it cost me 89p whether by cash or by card.

That's an expensive pint of milk.

leeroy2009

I personally do not like cash, pound coins have a habit of falling out of pockets etc especially in the car! I do keep a couple of quid in change in the car for tyres / jet wash but that's it, its also a waste of petrol and money having to drive to cash points.


you don't get cash back with cash, my 4% luma is used for petrol and food