Paying in large amount of £50 notes to bank

eDicky

Ergates said:

VWPolecat said:

Having cash in teapots etc is not completely daft . The money we have in banks could become inaccessible in the event of Mr Putin chopping a few undersea cables or using an EMP weapon. Even a long strike by our own BT or power workers could upset things.   I suppose a robbery of the teapot is more likely but we live in crazy times.  

Any of those would constitute an active of war.  If Russia starts a war with us then a) £50 aren't going to be much use either and b) we'll have bigger things to worry about than not being able to use a bank card.

The 'bigger things' would include obtaining the essentials of survival such as food, for which the use of banknotes is likely to endure longer than electronic payment. Banking networks are probably among infrastructure cyber targets in a full-scale or hybrid conflict if/when it kicks off.

I've always held a reserve of cash, and with the apparent steady edging towards expanded international conflict I wouldn't dream of dispensing with it.

Ergates

eDicky said:

Ergates said:

VWPolecat said:

Having cash in teapots etc is not completely daft . The money we have in banks could become inaccessible in the event of Mr Putin chopping a few undersea cables or using an EMP weapon. Even a long strike by our own BT or power workers could upset things.   I suppose a robbery of the teapot is more likely but we live in crazy times.  

Any of those would constitute an active of war.  If Russia starts a war with us then a) £50 aren't going to be much use either and b) we'll have bigger things to worry about than not being able to use a bank card.

The 'bigger things' would include obtaining the essentials of survival such as food, for which the use of banknotes is likely to endure longer than electronic payment. Banking networks are probably among infrastructure cyber targets in a full-scale or hybrid conflict if/when it kicks off.

I've always held a reserve of cash, and with the apparent steady edging towards expanded international conflict I wouldn't dream of dispensing with it.

At that point, banks will no longer exist and we'll have reverted to a barter economy.  Small sheets of paper will have little to no value.

eDicky

Ergates said:

eDicky said:

Ergates said:

VWPolecat said:

Having cash in teapots etc is not completely daft . The money we have in banks could become inaccessible in the event of Mr Putin chopping a few undersea cables or using an EMP weapon. Even a long strike by our own BT or power workers could upset things.   I suppose a robbery of the teapot is more likely but we live in crazy times.  

Any of those would constitute an active of war.  If Russia starts a war with us then a) £50 aren't going to be much use either and b) we'll have bigger things to worry about than not being able to use a bank card.

The 'bigger things' would include obtaining the essentials of survival such as food, for which the use of banknotes is likely to endure longer than electronic payment. Banking networks are probably among infrastructure cyber targets in a full-scale or hybrid conflict if/when it kicks off.

I've always held a reserve of cash, and with the apparent steady edging towards expanded international conflict I wouldn't dream of dispensing with it.

At that point, banks will no longer exist and we'll have reverted to a barter economy.  Small sheets of paper will have little to no value.

You're right, barter economy is already the way to go in my opinion, even before or in readiness for when it's the only option. But I think there will be an interim, at least, when the bits of paper or polymer are still negotiable for trading when the banks are already defunct.

I haven't heard much lately about the plans of various governments to introduce CBDC (Central Bank Digital Currency) to supersede all cash and regular bank accounts, programmable to enable complete control over their populations. Perhaps a good thing if they have realised that it would be too vulnerable to cyber attack.

eDicky

Three weeks ago there was a wildfire in the valley quite far below where I live which burned so fiercely that it melted 10km of underground cables. In my local town there was no internet, no card payment of any kind and no ATM facilities for several days. Those without any cash on hand had a bit of a hard time for food shopping etc. That's Italy, but the UK is suffering a bit of a drought and extra dry conditions too, I think...

robatwork

eDicky said:

Three weeks ago there was a wildfire in the valley quite far below where I live which burned so fiercely that it melted 10km of underground cables. In my local town there was no internet, no card payment of any kind and no ATM facilities for several days. Those without any cash on hand had a bit of a hard time for food shopping etc. That's Italy, but the UK is suffering a bit of a drought and extra dry conditions too, I think...

You reverted to just Dicky for a few days?

eDicky

robatwork said:

eDicky said:

Three weeks ago there was a wildfire in the valley quite far below where I live which burned so fiercely that it melted 10km of underground cables. In my local town there was no internet, no card payment of any kind and no ATM facilities for several days. Those without any cash on hand had a bit of a hard time for food shopping etc. That's Italy, but the UK is suffering a bit of a drought and extra dry conditions too, I think...

You reverted to just Dicky for a few days?

Ahaaaa.. no, i was absent, in UK as eDicky clearing out the house I sold...

[Deleted User]

eDicky said:

Three weeks ago there was a wildfire in the valley quite far below where I live which burned so fiercely that it melted 10km of underground cables. In my local town there was no internet, no card payment of any kind and no ATM facilities for several days. Those without any cash on hand had a bit of a hard time for food shopping etc. That's Italy, but the UK is suffering a bit of a drought and extra dry conditions too, I think...

I would imagine the food shops would simply get out the old imprinter machines in the short term and take cash.

SE England mostly and it's energy/water stressed most of the time anyway - so no biggie.
They have been considering water desalination plants for London for a number of years.

callum9999

Ballard said:

Paying cash into a machine, the post office or perhaps a different branch is fine but ultimately the banks systems could mark this as suspicious. It’s not just the staff that are on the lookout for potential money laundering, the software will also be on alert.

Using ways to avoid human interaction to get cash deposited could look very suspicious. 

Given most banks seem to be pushing people into doing exactly that (in Nationwide yesterday someone trying to pay cash at the counter was taken by the teller to the ATM who stood there and did it with them), I'm not sure that alone will look suspicious. Sudden regular payments may do - but I don't think it will matter whether it's at the counter or at a machine. 

sienew

If possible you should get your mum to take the money to the bank herself. Bank managers have a lot of flexibility and honestly are much more likely to believe/accept a 77 year old woman's story. If you split it up into two trips your chances would be even better.

sheramber

eDicky said:

Three weeks ago there was a wildfire in the valley quite far below where I live which burned so fiercely that it melted 10km of underground cables. In my local town there was no internet, no card payment of any kind and no ATM facilities for several days. Those without any cash on hand had a bit of a hard time for food shopping etc. That's Italy, but the UK is suffering a bit of a drought and extra dry conditions too, I think...

In my town when the electricity went off the supermarkets had to shut as no lighting and no tills.

Prices are bar coded so ,without running round the store with the trolley to note the price of each item , they were stuck.

Before the cashless society was a thing, one day,  in the off licence , the tills went off. The assistant had to phone another shop in the chain and give them the barcode to get the price of the wine.

Then she had to get a pen and paper to add up the price then another subtraction sum to work out the change.

She had never had to work out change as the till told her what to hand over.