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To whomever says ‘cash is king’….this is complete nonsense and this very post is anecdotal evidence.Save £5k in 2024 challenge #32
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Ed-1 said:born_again said:123thfc123 said:It was deposited into an ATM deposit machine. As said I sold 2 greyhounds that I own. Again I can provide documentation for this.Life in the slow lane0
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How, when and by whom were you asked where the money came from? Presumably not by the ATM while depositing...
Evolution, not revolution3 -
MrFrugalFever said:To whomever says ‘cash is king’….this is complete nonsense and this very post is anecdotal evidence.Although once your bank account(s) have been frozen, it really is because there's no other way of buying goods and services.Only ever had my bank account frozen once, and since I kept money at home too I could just continue with everyday life.These days I do have multiple bank accounts, but it's still possible that all of them could be frozen, so I still have some 'emergency cash'.I also always carry around about £50 in cash, just in case technology fails.0
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Astria said:MrFrugalFever said:To whomever says ‘cash is king’….this is complete nonsense and this very post is anecdotal evidence.Although once your bank account(s) have been frozen, it really is because there's no other way of buying goods and services.Astria said:These days I do have multiple bank accounts, but it's still possible that all of them could be frozen, so I still have some 'emergency cash'.3
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Daliah said:Astria said:MrFrugalFever said:To whomever says ‘cash is king’….this is complete nonsense and this very post is anecdotal evidence.Although once your bank account(s) have been frozen, it really is because there's no other way of buying goods and services.Not all people have CCs or are even able to get them.Well, luckily, unlike in banking, 'innocent until proven guilty' principle still works when it comes to prisons.Astria said:These days I do have multiple bank accounts, but it's still possible that all of them could be frozen, so I still have some 'emergency cash'.
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Daliah said:Astria said:MrFrugalFever said:To whomever says ‘cash is king’….this is complete nonsense and this very post is anecdotal evidence.Although once your bank account(s) have been frozen, it really is because there's no other way of buying goods and services.and if that gets declined? Plus, how would that work when because of an IT glitch, a company can't accept card payments? Eg, only last week the local co-op was "cash only" for half a day, now sure, I could have gone elsewhere, or left it a day, but if you got cash you wouldn't have to. Plus cash-only stores still do exist.
A simple problem with tax can get all your accounts frozen for investigation, HMP would only occur once they've proven something.Astria said:These days I do have multiple bank accounts, but it's still possible that all of them could be frozen, so I still have some 'emergency cash'.2 -
born_again said:
But this carries risk too. There are many reports of purchasers pulling a fast one and telling their bank they've been scammed. The bank then contact your bank who freeze your account.
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phillw said:born_again said:
But this carries risk too. There are many reports of purchasers pulling a fast one and telling their bank they've been scammed. The bank then contact your bank who freeze your account.
Something banks take a very dim view of.Life in the slow lane0 -
Astria said:Plus cash-only stores still do exist.0
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