paying in a check at the Post Office (no bank account)

GringoGoesToVagas

GringoGoesToVagas said:

EarthBoy said:

The only place you can cash a cheque, rather than paying it into a bank account, is at one of the loan companies, such as Cash Shop:

https://cashshop.co.uk/

You'll have to pay fees for this service.

Thanks!
Just looked at there site, bit of a rip off merchants really

8.9% Cheque 

Item Fee: £2.99

So how do they cash the cheque then?

Anyone knows the answer hear please?

GringoGoesToVagas

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

Bit knee bending there isint it?

Anyway I plan to start a new business at the start of next year where it will be 100% cash, yes that is right a business that runs 100% cash. all takings cash and all payments out will be cash. And that would include brown envelopes with hand written pay slips and cash inside 

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

born_again

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

Oh dear, you need to stop listening to these people. 
Do a search for FSCS.
You will then see how wrong these people are. 
Given I would guess you have no where near £85K under your mattress. 

born_again

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

You dont understand!
Im not talking about a "Credit Score". I am talking about a "Social Credit score"

Do you live in China?
As UK does not have anything like this..

Is this from the same people that tell you if a bank crashes you will lose everything?

GringoGoesToVagas

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

You dont understand!
Im not talking about a "Credit Score". I am talking about a "Social Credit score"

Do you live in China?
As UK does not have anything like this..

Is this from the same people that tell you if a bank crashes you will lose everything?

Yes it is in China but planned for hear in the near future

So banks have never crashed and no one has lost anything ever have they?

wmb194

GringoGoesToVagas said:

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

*lose *societies. 

This is incorrect, it makes no difference. During the financial crisis plenty of Building Societies went bust and had to be rescued e.g., Nationwide, Coventry, Skipton and Yorkshire rescued many. Co-op Bank rescued Britannia but it weakened Co-op Bank's balance sheet to such an extent that not many years later it had to be rescued as well.

retiredbanker1

GringoGoesToVagas said:

EarthBoy said:

The only place you can cash a cheque, rather than paying it into a bank account, is at one of the loan companies, such as Cash Shop:

https://cashshop.co.uk/

You'll have to pay fees for this service.

Thanks!
Just looked at there site, bit of a rip off merchants really

8.9% Cheque 

Item Fee: £2.99

So how do they cash the cheque then?

The have signed an indemnity with their bankers to the effect if any cheque they pay in is returned for any reason the monies will be deducted from their account.
They just stamp the cheques with their company name and pay in the normal way.

born_again

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

You dont understand!
Im not talking about a "Credit Score". I am talking about a "Social Credit score"

Do you live in China?
As UK does not have anything like this..

Is this from the same people that tell you if a bank crashes you will lose everything?

Yes it is in China but planned for hear in the near future

So banks have never crashed and no one has lost anything ever have they?

Did any account holder lose anything in the 2008 bank bailouts?

Look at it like this. You have far more chance of being mugged or burgled, than a bank crashing in the UK & not getting upto £85K back.

Nothing is certain except death and taxes. 

Section62

GringoGoesToVagas said:

....

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

Bit knee bending there isint it?

Anyway I plan to start a new business at the start of next year where it will be 100% cash, yes that is right a business that runs 100% cash. all takings cash and all payments out will be cash. And that would include brown envelopes with hand written pay slips and cash inside 

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

Does HMRC have a system for accepting business tax/NI payments in cash? (and accounting for tax/NI using anything other than an onlie system)

Because if you are employing people (hence the need for 'pay slips') then you will be paying tax and/or NI.  That isn't something you can lawfully opt out of.

jimjames

GringoGoesToVagas said:

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

Just because you're using cash doesn't mean there is no tax to pay. Good luck telling HMRC that you're accepting cash so that you don't need to pay income tax or VAT. Whatever business software you need (or even the phone/computer that you're posting these on) will need licences and payment