MSE News: Online banking has transformed the way people manage money

Archi_Bald

Stuart_W wrote: »

I disagree with you

The nice thing in this country is that we are allowed to disagree with each other

eskbanker

Archi_Bald wrote: »

The nice thing in this country is that we are allowed to disagree with each other

No we're not!

VT82

Of the 36% of readers who found the guest comment to be very tedious, 83% said it was because of the over-use of statistics.

zerog

dr_adidas01 wrote: »

What about the elderly who won't have access to the internet or have any idea of how to use internet banking, how are they going to manage without physical branches or telephone banking.

dr_adidas01 wrote: »

I never said being elderly was an excuse, their are elderly people out there who will not use internet banking and will have no idea how to use it, or will feel the need to use it, so how do they do their banking?

What does being elderly have to do with anything?

Why not just say

What about people who won't have access to the internet or have any idea of how to use internet banking, how are they going to manage without physical branches or telephone banking.

and

their are people out there who will not use internet banking and will have no idea how to use it, or will feel the need to use it, so how do they do their banking?

All the elderly (>65) people in my family use internet banking. Some of the younger ones don't. One has learning difficulties but manages going to a bank branch; a few others have poor education / poor English skills.

Yes, I accept that a lot of elderly people can't / won't use computers, but I see no reason to specifically target them

GingerFurball_2

Stuart_W wrote: »

I disagree with you, and the tone of Mr Cleaves' article. 20% of folk don't want to bank online. Fine. No one should be trying to hold a gun to their head and make them.

Many barriers to access of the past have been removed (free education is available, internet access is now very cheap or free, devices that go on the internet are getting ever cheaper) and I get the impression that Mr Cleaves is a little cheesed off that despite this, one in five people aren't interested.

Tough. It should still remain a choice - hopefully an informed one - but a choice none the less. No one has forced me to go into a branch since joining smile in 1999. Similarly, no one should be forced to bank online.

No one should be forced to bank online but I'm glad to see banks like TSB reward their online customers with better products.

minislim

internet banking is great. although it should always go hand in hand with branches too. there still are things you need in branch and cannot do online.

but it begs the question why banks and building societies now seem to be reluctant with online access for ISA's.

if you look at the latest top deals for the past two years or so nearly all of them are not accessible online. even though they'll have the facility for other accounts?

it seems that banks are not playing fair anymore with isa's and trying to limit you.

another is fixed rate isa's. why is it now you only have a limited time to pay in? then you cannot add funds in later years?
what good that if its fixed for 3 years? bearing in mind there isnt really any risk of rates going further down now?

Butterfly_Brain

I don't trust banks or bankers, I trust online banking even less.
I prefer to use cash and that is all I use.
That way the grubbyment, banksters can't make money from selling your details on to corporates or anyone else.

Ken68

At seventy eight and three quarters, internet banking and indeed message boards are keeping my brain turning over.... but at a slower pace and lots of double checking before pressing the button.
I'm waiting for the government to jail a few bankers and in view of their misconduct lose their pensions too.

callum9999

Butterfly_Brain wrote: »

I don't trust banks or bankers, I trust online banking even less.
I prefer to use cash and that is all I use.
That way the grubbyment, banksters can't make money from selling your details on to corporates or anyone else.

Though your accusation is completely baseless and no doubt solely influenced by your irrational distrust (hatred?) of those groups, I'd much rather the government made money from selling my information than taking my money!

callum9999

Ken68 wrote: »

At seventy eight and three quarters, internet banking and indeed message boards are keeping my brain turning over.... but at a slower pace and lots of double checking before pressing the button.
I'm waiting for the government to jail a few bankers and in view of their misconduct lose their pensions too.

While I hope it's merely because you haven't thought it through, I'm starting to find the increased desire from the public for extra-judicial, extra-legal punishments to be rather concerning.

That is exactly the sort of behaviour you find in authoritative dictatorships and goes against the very core of a free democracy.

Legal punishments for doing your job badly (not many people make the distinction between fraudulent bankers - of which there are very few - and bankers who just made mistakes) also seem rather absurd.