Cash is King or Not?

[Rookie]

Went to our bank a few months ago to pay some money in. Had pound coins bagged up in 20,'s and bank wouldn't accept them as they weren't handling cash. Couldn't believe it and had to bring them back.
Since then you could only pay a limited amount in. This is a main branch of a High Street bank in my local city.
What do we pay bank charges for. Surely they should have a coin sorting machine where you can tip it all in and they don't have to handle it.

 

[Derrick Hughes]

Cash in some places is to risky as it attracts criminals

 

[Frankzy]

You wouldn't get any help in the house or garden without cash.

Sure you would with instant bank transfer using your phone number. Up here it's called Swish.

 

[steveR]

It’s not safe walking about with a wallet full of cash these days anyway…these new notes spring out your hand and wallet….plus I can’t stand a pocket full of slag…everything gets paid on my card or phone now

Totally agree that the new plastic money is crap. It's only good point, is that you can put 30 quicd under a phone slip on case!

 

[Farfrae]

Start joining the dots.

Cash eliminated, vaxine passports morphing into digital identity, social credit system introduced and bingo! You are no longer a free person, if you don't 'toe the line' of whoever happens to making the diktats your ability to function can be turned off at the click of a keyboard.

Yea I know I'm the local nutter, tin foil hat conspiracy theorist but then again it only took 18 months to go from '2 weeks to flatten the curve' to 'show us your papers'.

 

[steveR]

Tis the modern world, tills already fekked when the power goes off.

Barter it is...

And make sure you have a few Sovreigns or Kruger rand stashed nearby..

 

[steveR]

Start joining the dots.

Cash eliminated, vaxine passports morphing into digital identity, social credit system introduced and bingo! You are no longer a free person, if you don't 'toe the line' of whoever happens to making the diktats your ability to function can be turned off at the click of a keyboard.

Yea I know I'm the local nutter, tin foil hat conspiracy theorist but then again it only took 18 months to go from '2 weeks to flatten the curve' to 'show us your papers'.

Or just sheer bloody incompetence by Bozzer and his mates....

 

[ollie989898]

That happened in the pub this afternoon. Cash only as power was off.

In my pub, which is for local folk, you don't need cash or a card. Goes on your ticket and you can walk away and pay another day- they know where you live and all that!

 

[ollie989898]

Start joining the dots.

Cash eliminated, vaxine passports morphing into digital identity, social credit system introduced and bingo! You are no longer a free person, if you don't 'toe the line' of whoever happens to making the diktats your ability to function can be turned off at the click of a keyboard.

Yea I know I'm the local nutter, tin foil hat conspiracy theorist but then again it only took 18 months to go from '2 weeks to flatten the curve' to 'show us your papers'.

Sounds great. I'd happily live in a Soviet-style society if would mean the wastrels and PITA non-conformists in our society were all locked up in some gulag on an island somewhere.

 

[primmiemoo]

Barley as the first official "currency" in the world - Agriplastics Community

The Sumerian barley money was the first official currency in history (3,000 BC) and the most common measure to be able to control it was the Sila. Read more!

agriplasticscommunity.com

 

[7610 super q]

In my pub, which is for local folk, you don't need cash or a card. Goes on your ticket and you can walk away and pay another day- they know where you live and all that!

Royston Vasey ?

 

[Cowmansam]

Went to our bank a few months ago to pay some money in. Had pound coins bagged up in 20,'s and bank wouldn't accept them as they weren't handling cash. Couldn't believe it and had to bring them back.
Since then you could only pay a limited amount in. This is a main branch of a High Street bank in my local city.
What do we pay bank charges for. Surely they should have a coin sorting machine where you can tip it all in and they don't have to handle it.

Go the super market

 

[Cowabunga]

We don't want strangers HERE!

 

[Paddington]

Still take cash in Shropshire....as long as the ink is dry.

 

[Yale]

Kebab house only takes cash,no cards.

Suits me fine,make it a quarter pound with cheese,salad and chips…..Mayo on the chips.

 

[tepapa]

They can refuse to take cash to provide a service but they cannot refuse cash to clear a debt. So if you're wearing the sun glasses and have taken the tag off, they have provided the goods and they are now used.

 

[TheTallGuy]

With contactless payments they can zap your card without even reaching into your pocket

Bit of an urban myth... firstly, in order to obtain funds the fraudsters would need some level of merchant facilities which have safeguards in place to verify the identity of the fraudsters. Any merchant who gets multiple transactions flagged as fraudulent will very quickly be identified and investigated.

Secondly, without positive authorisation (i.e. Pin entry or biometric approval) the customer isn't liable for fraudulent transactions because the merchant/bank have failed to perform adequate verification that it is a genuine transaction. Responsibility falls on either the merchant or the bank - this is why the transaction limit has been relatively slow to increase.

 

[TheTallGuy]

They can refuse to take cash to provide a service but they cannot refuse cash to clear a debt. So if you're wearing the sun glasses and have taken the tag off, they have provided the goods and they are now used.

It's not as straightforward as that - the shop haven't provided the goods in a legal sense until agreement to sell is completed, which is generally assumed to be completion of the financial transaction. Removing the the tag could be treated as criminal damage because you have wilfully devalued an item that you do not have ownership of or permission to detag.

 

[ollie989898]

Bit of an urban myth... firstly, in order to obtain funds the fraudsters would need some level of merchant facilities which have safeguards in place to verify the identity of the fraudsters. Any merchant who gets multiple transactions flagged as fraudulent will very quickly be identified and investigated.

Secondly, without positive authorisation (i.e. Pin entry or biometric approval) the customer isn't liable for fraudulent transactions because the merchant/bank have failed to perform adequate verification that it is a genuine transaction. Responsibility falls on either the merchant or the bank - this is why the transaction limit has been relatively slow to increase.

As I understand it, provided card users take the usual precautions they are not liable for any issues caused by criminal activity relating to their card. Where the grief starts is when the card user either stores their card with their PIN number or gives the criminals their PIN- such as being duped by criminals posing as the police or bank staff.

 

[Cowabunga]

Bit of an urban myth... firstly, in order to obtain funds the fraudsters would need some level of merchant facilities which have safeguards in place to verify the identity of the fraudsters. Any merchant who gets multiple transactions flagged as fraudulent will very quickly be identified and investigated.

Secondly, without positive authorisation (i.e. Pin entry or biometric approval) the customer isn't liable for fraudulent transactions because the merchant/bank have failed to perform adequate verification that it is a genuine transaction. Responsibility falls on either the merchant or the bank - this is why the transaction limit has been relatively slow to increase.

They have recently informed me that they are also going for two tier authentication for some card transactions from now on. That will involve both the current PIN or biometric plus a code sent to your mobile phone, presumably to be entered into the card reader like the PIN number, only being a random number. This will probably apply to payments greater than £100 or it will be too intrusive at smaller retail outlets. Possibly for 'customer not present' phone sales, which would eliminate the possibility of crooked retailer staff re-using card details fraudulently. Maybe.