Why still cash?

[lillythesavage]

I recently used a Tesco Express machine and that had a £250 limit but i needed £400 but was able to get another £150 out.

Seems to be the norm for the future, but pointless, like I said, if you can use it twice only the queue is affected 

[PatMacGroin]

My banks gives me a £500 ATM daily withdrawal limit. I've noticed lots of machines appear to have dropped to a £250 limit when they used to be atleast £300.

I didn't realise I could withdraw twice from the same machine! First time one of the machines told me I had a £250 limit I went looking for a second machine for the rest. Not usually a problem as I usually make sure I have plenty cash on me, or at home.

I have noticed that there are fewer machines around, even in London. TSB closed 3 branches in my general area over the past year. They realised they could get away with it when they had most of them closed during Covid Lockdowns.

[PatMacGroin]

For those young guys that think using cash is old fashioned or just unnecessary bother, you should get in the habit of using it atleast a little bit. You don't realise it now, but you'll miss it when it goes.

Once they manage to get rid of cash the powers that be will really have us by the balls. Lots of things will start changing very rapidly.

[daviemac]

For those young guys that think using cash is old fashioned or just unnecessary bother, you should get in the habit of using it atleast a little bit. You don't realise it now, but you'll miss it when it goes.

Once they manage to get rid of cash the powers that be will really have us by the balls. Lots of things will start changing very rapidly.

As long as kids buy sweets there'll be cash.

[SurfDudew/Attitude]

Tbh it works out best that we use cash still. My old lady always asks me what I do with my money, thinking that I spend it all on junk food. Obviously she doesn't know that I see escorts and if she saw my transactions through bank transfers were going to escorts then it would make things very awkward for me

[Whiteknight]

Tbh it works out best that we use cash still. My old lady always asks me what I do with my money, thinking that I spend it all on junk food. Obviously she doesn't know that I see escorts and if she saw my transactions through bank transfers were going to escorts then it would make things very awkward for me

That's alot of junk food money 

[PatMacGroin]

As long as kids buy sweets there'll be cash.

You haven't seen "GoHenry" then?

External Link/Members Only

Popular app for kids. Parents pay in a pocket money allowance. Kids can use it like a debit card. Parents can see exactly what the kids do with the money. Supposedly also teaches them how to manage their money with saving incentives etc. Local shops near me no longer have minimum spend on debit transactions. Plus sweets are pretty expensive now, penny sweets are long gone.

Grandparents will still be slipping the kids a bit of cash when they see them. But some kids don't even know what it is.

[daviemac]

You haven't seen "GoHenry" then?

External Link/Members Only

Popular app for kids. Parents pay in a pocket money allowance. Kids can use it like a debit card. Parents can see exactly what the kids do with the money. Supposedly also teaches them how to manage their money with saving incentives etc. Local shops near me no longer have minimum spend on debit transactions. Plus sweets are pretty expensive now, penny sweets are long gone.

Grandparents will still be slipping the kids a bit of cash when they see them. But some kids don't even know what it is.

I don't think that, at £36 pa before you start, is going to replace cash but if you do then fair enough.

[anyfucker]

External Link/Members Only

China bank protest stopped by health codes turning red

without cash and a social passport you won't even be able to go anywhere - fight both or become a slave

[PatMacGroin]

I don't think that, at £36 pa before you start, is going to replace cash but if you do then fair enough.

I didn't notice the charge. And I probably wouldn't pay for it either. Although I can see the benefits for some parents.

Cash is on the way out though. It's inevitable sooner or later. Just as the coin and the note replaced previous forms of currency.

I believe that you are up north somewhere. Not noticed how bad it's gotten there in recent visits. But here in London there are more and more places that don't accept cash. I had to leave a pub I've visited on and off for years, because they would not take my money. Couldn't believe it!

[daviemac]

I didn't notice the charge. And I probably wouldn't pay for it either. Although I can see the benefits for some parents.

Cash is on the way out though. It's inevitable sooner or later. Just as the coin and the note replaced previous forms of currency.

I believe that you are up north somewhere. Not noticed how bad it's gotten there in recent visits. But here in London there are more and more places that don't accept cash. I had to leave a pub I've visited on and off for years, because they would not take my money. Couldn't believe it!

I noticed the charge because I looked at it before I commented.     If you have 2 or 3 kids it all mounts up.

On the subject of cash they just started issuing the polymer £50 notes from June 2021 with September 2022 being when 'paper' £20's and £50's cease to be legal tender.

For the pedants, despite being called paper money, the old notes are made of linen and cotton.

[Doc Holliday]

For the pedants, despite being called paper money, the old notes are made of linen and cotton.

Hidden Image/Members Only

[JontyR]

I noticed the charge because I looked at it before I commented.     If you have 2 or 3 kids it all mounts up.

There are fee free options out there. Not publicising as I don't think its in our interest to promote!!  Think custom and practice will change the world quicker than we may expect and kids will be routinely getting their birthday dollars transferred from Great Auntie Edith rather than in a card before the decade is out. However there will probably be a consistent demand that there is the option of paying in cash.

[PatMacGroin]

I noticed the charge because I looked at it before I commented.     If you have 2 or 3 kids it all mounts up.

On the subject of cash they just started issuing the polymer £50 notes from June 2021 with September 2022 being when 'paper' £20's and £50's cease to be legal tender.

For the pedants, despite being called paper money, the old notes are made of linen and cotton.

Well done. You noticed something I didn't. I wasn't planning on using their services, so I didn't look too closely at their terms and conditions. There are over 2 million in the UK using GoHenry since it launched 10 years ago. Many more using other similar services. I was simply pointing out that kids don't actually need cash to buy sweets anymore.

Things have been changing. It's not recent, and I'm not saying it'll be finished overnight. It started about 50 years ago. Maybe it'll take another 50 years or more to go all the way. Modern society generally accelerates, so I think it'll be a bit less than that.

There are lots of people that don't use cash at all any more. If most people continue to use cash less and less it will disappear.

None of us can see the future. But we can influence it in how we behave.

[daviemac]

Well done. You noticed something I didn't.

There's far too many people on here who pass comments on something they know nothing about and state as fact something that is simply not true so I tend to look into things so I can make an accurate comment.

You think cash is going to disappear, I don't so we'll leave it there.

[smiths]

Seems to be the norm for the future, but pointless, like I said, if you can use it twice only the queue is affected 

Indeed and i time my usage of machines so there arent any queues mainly, in the early hours usually, when i do my food shopping and top my car up, since the fuel shortage last year i keep my cars full in case it happens again, at least i know i will have 400 miles or so of fuel and 2 cars so 800 or so.

[smiths]

My banks gives me a £500 ATM daily withdrawal limit. I've noticed lots of machines appear to have dropped to a £250 limit when they used to be atleast £300.

I didn't realise I could withdraw twice from the same machine! First time one of the machines told me I had a £250 limit I went looking for a second machine for the rest. Not usually a problem as I usually make sure I have plenty cash on me, or at home.

I have noticed that there are fewer machines around, even in London. TSB closed 3 branches in my general area over the past year. They realised they could get away with it when they had most of them closed during Covid Lockdowns.

Depends where in London of course, around my area there is only 1 less machine as a bank branch shut for good due to lack of customers so they told me, and 1 other which doesnt work between 10pm and 6am as they turn it off which never used to be the case till about 3 months ago. But loads of free machines.

[smiths]

There's far too many people on here who pass comments on something they know nothing about and state as fact something that is simply not true so I tend to look into things so I can make an accurate comment.

You think cash is going to disappear, I don't so we'll leave it there.

I have been hearing for at least 30 years that cash is on its way out. Pressure groups who support people know there are still many people who need access to cash to live, no way is cash going to cease anytime soon. One day maybe but i will be long gone by then is my guess. The government know this as well obviously.

My son who is in his 20s hardly ever uses cash or his partner but they arent disadvantaged, a significant number of people are. I dont know of any shop anywhere near me who dont take cash now, yes many didnt during the first lockdown though but reverted back in late 2020 at the latest.

[Whiteknight]

I recently used a Tesco Express machine and that had a £250 limit but i needed £400 but was able to get another £150 out.

Out of cash 

[smiths]

Out of cash 

The machine wasnt out of cash, it had a £250 max transaction limit but you can get another £250 out doing another transaction, i only needed £400 in all.

[Whiteknight]

The machine wasnt out of cash, it had a £250 max transaction limit but you can get another £250 out doing another transaction, i only needed £400 in all.

Oh I was going blind again, thought you couldn't get out another 150.   

[smiths]

Oh I was going blind again, thought you couldn't get out another 150.   

No worries.

[Whiteknight]

Seems to be the norm for the future, but pointless, like I said, if you can use it twice only the queue is affected 

That explains why I am seeing more people putting the card in ATM twice, yes waiting time is longer, and it has been made slower with more questions too.

[petermisc]

I have been hearing for at least 30 years that cash is on its way out. Pressure groups who support people know there are still many people who need access to cash to live, no way is cash going to cease anytime soon. One day maybe but i will be long gone by then is my guess. The government know this as well obviously.

My son who is in his 20s hardly ever uses cash or his partner but they arent disadvantaged, a significant number of people are. I dont know of any shop anywhere near me who dont take cash now, yes many didnt during the first lockdown though but reverted back in late 2020 at the latest.

The lockdowns certainly speeded up the move away from cash.  I very rarely use cash now, other than for punting.

The closure of bank branches is making it much more difficult for shops and other small businesses to pay in their takings, and I suspect this is going to be the big driver.  Even branches that are still open, seem to have reverted to 1960 style opening hours, closing at 3pm or suchlike.

[PatMacGroin]

I apologise. I shouldn't have said "Well done. You noticed something I didn't." That sounded a bit snide. But in my defence I reacted to your opening comment in the post, which also sounded a bit snide to me. So does this one:

There's far too many people on here who pass comments on something they know nothing about and state as fact something that is simply not true so I tend to look into things so I can make an accurate comment.

You think cash is going to disappear, I don't so we'll leave it there.

So, to recap, your comment here:

As long as kids buy sweets there'll be cash.

^^^ Is that a fact or an opinion?

In response I demonstrated that kids don't need to use cash anymore. Effectively debit cards are now available to kids. They are no longer only available to the over 16's and they are being used by millions in the UK. That is a fact.

It is my opinion that cash will gradually disappear. I can't know for certain, but it looks increasingly likely. I have presented facts to support that. There are alot more facts I can continue to present.

I can also think of factual reasons why cash won't disappear. Or why it could take a lot longer than I have suggested. So far in this thread you haven't present those fact. As far as I can see you have just presented your own opinions.

I thought this off-topic section of the forum was a place to discuss and debate these ideas?

I am happy to leave it here. Agree to disagree. But that does just shut down the discussion and no one learns anything. 

[Whiteknight]

Kids still buying sweets after school from the Newsagent next door, fact.

[PatMacGroin]

Kids still buying sweets after school from the Newsagent next door, fact.

Yes.

But not all kids in the UK are using cash to buy sweets. Therefore cash is not a requirement for kids to buy sweets. Fact.

[lamboman]

I'm sure cash will be aroud a little longer but this thread shows how out of touch some older people are with the modern world.
Punting won't save cash that's for sure.

[Lou2019]

The lockdowns certainly speeded up the move away from cash.  I very rarely use cash now, other than for punting.

The closure of bank branches is making it much more difficult for shops and other small businesses to pay in their takings, and I suspect this is going to be the big driver.  Even branches that are still open, seem to have reverted to 1960 style opening hours, closing at 3pm or suchlike.

Post offices

[smiths]

The lockdowns certainly speeded up the move away from cash.  I very rarely use cash now, other than for punting.

The closure of bank branches is making it much more difficult for shops and other small businesses to pay in their takings, and I suspect this is going to be the big driver.  Even branches that are still open, seem to have reverted to 1960 style opening hours, closing at 3pm or suchlike.

Indeed so, i virtually never have to go into a branch fortunately, but to me Covid has been used as an excuse by many companies to offer more limited services and shorter hours. When i was getting tax free cash from my personal pension provider Aviva they had 40 min minimum waiting times to talk to a human being which is what i wanted to do by phone. But i found like many companies if i rang as they opened at 8am i got straight through.

[smiths]

I'm sure cash will be aroud a little longer but this thread shows how out of touch some older people are with the modern world.
Punting won't save cash that's for sure.

Personally i dont want to be in touch with certain aspects of the modern world but i am fully aware many people do like my son. Of course punting wont save cash, anyone who really thinks that isnt too smart.

[daviemac]

I apologise. I shouldn't have said "Well done. You noticed something I didn't." That sounded a bit snide. But in my defence I reacted to your opening comment in the post, which also sounded a bit snide to me. So does this one:

So, to recap, your comment here:

^^^ Is that a fact or an opinion?

In response I demonstrated that kids don't need to use cash anymore. Effectively debit cards are now available to kids. They are no longer only available to the over 16's and they are being used by millions in the UK. That is a fact.

It is my opinion that cash will gradually disappear. I can't know for certain, but it looks increasingly likely. I have presented facts to support that. There are alot more facts I can continue to present.

I can also think of factual reasons why cash won't disappear. Or why it could take a lot longer than I have suggested. So far in this thread you haven't present those fact. As far as I can see you have just presented your own opinions.

I thought this off-topic section of the forum was a place to discuss and debate these ideas?

I am happy to leave it here. Agree to disagree. But that does just shut down the discussion and no one learns anything. 

I'm not shutting anything down, you think cash will disappear, I don't. You won't convince me it will and I have far more important things to do than try and convince you cash is here to stay.

You bang your drum as much as you want but like I said, or perhaps I should have said, I will leave it there.

[PatMacGroin]

Just to be clear, I don't want cash to disappear.

I prefer to use cash as much as I can. I don't want the banks knowing everything I spend my money on. I can't see how that can benefit me at all.

I think everyone else should also continue to use cash at every opportunity. Don't be lured into only using debit, credit and phone apps, just because it seems easier or more convenient.

[puntingking]

Just to be clear, I don't want cash to disappear.

I prefer to use cash as much as I can. I don't want the banks knowing everything I spend my money on. I can't see how that can benefit me at all.

I think everyone else should also continue to use cash at every opportunity. Don't be lured into only using debit, credit and phone apps, just because it seems easier or more convenient.

+10000000000000000000

[puntingking]

This conversation scares me. The thought of no cash being here and everything is paid through a digital form fills me with dread. 

[lamboman]

Just to be clear, I don't want cash to disappear.



I think everyone else should also continue to use cash at every opportunity. Don't be lured into only using debit, credit and phone apps, just because it seems easier or more convenient.

Why if it's less convenient?

[willie loman]

Why if it's less convenient?

because the powers that be have sinister plans for us all.

[lamboman]

because the powers that be have sinister plans for us all.

 

Oh god a tin foil hatter 

[willie loman]

 

Oh god a tin foil hatter 

was actually making a joke about another post earlier on the thread

[WASA38]

And as an unapologetic pedant may I quote the Cambridge English dictionary:

'Thin flat material made from crushed wood or cloth, used for writing, printing, or drawing on: '

[daviemac]

And as an unapologetic pedant may I quote the Cambridge English dictionary:

'Thin flat material made from crushed wood or cloth, used for writing, printing, or drawing on: '

Don't know which version you are reading but I get. - 'money in the form of notes and coins, rather than cheques or credit cards':   

External Link/Members Only

[PatMacGroin]

Why if it's less convenient?

I said why in the post you quoted. For some reason you decided to delete that section.

Because it's my business what I spend my money on. I shouldn't have to tell the banks everything I choose to purchase.

It is only marginally more convenient to use cards (as long as there are still plenty of free cash points around). I don't mind chatting to the barmaid while she tries to work out my change. 

because the powers that be have sinister plans for us all.

 

Okay, maybe I deserve to have the piss taken for using that "powers that be" turn of phrase earlier.

I recognise that I might sound paranoid, but I'm not. Look throughout history. Control of wealth and currency has long been a key method of keeping the sweaty masses in line. Those methods are becoming more and more subtle.

There are plenty of ways our freedoms will be curtailed if cash disappears. The most obvious one, considering this website, is being able to punt with privacy (again, why does my bank need to know that I punt?).

[lamboman]

I said why in the post you quoted. For some reason you decided to delete that section.

Because it's my business what I spend my money on. I shouldn't have to tell the banks everything I choose to purchase.

It is only marginally more convenient to use cards (as long as there are still plenty of free cash points around). I don't mind chatting to the barmaid while she tries to work out my change. 

 

Okay, maybe I deserve to have the piss taken for using that "powers that be" turn of phrase earlier.

I recognise that I might sound paranoid, but I'm not. Look throughout history. Control of wealth and currency has long been a key method of keeping the sweaty masses in line. Those methods are becoming more and more subtle.

There are plenty of ways our freedoms will be curtailed if cash disappears. The most obvious one, considering this website, is being able to punt with privacy (again, why does my bank need to know that I punt?).

I deleted it because that's not really a reason,I thought perhaps you had some sensible ones.
Clearly not.

[lamboman]

was actually making a joke about another post earlier on the thread

Oh sorry 

[PatMacGroin]

I deleted it because that's not really a reason,I thought perhaps you had some sensible ones.
Clearly not.

So would you say it was a sensible reason before the Data Protection Act 2018 and the GDPR regulations which came into effect from Jan 2020?