Banks- or should I say the lack of them!

Talk about any non-car topics here
austina40sam
Posts: 859
Joined: 12 Nov 2019 20:43

Re: Banks- or should I say the lack of them!

Post by austina40sam » 19 Aug 2021 19:32

Very good pionts on here. I agree with you Phill about the horses and cars ect. I do think the banks could be more understanding and offer as many payment methods as possible. The more we had the better I think!!

philcwebb
Posts: 122
Joined: 13 Nov 2019 19:58
Location: Shoreham By Sea, Sussex

Re: Banks- or should I say the lack of them!

Post by philcwebb » 20 Aug 2021 09:14

I don't think it is big brother I think it is simple economics - cash handling and cheque processing is time laborious and expensive - if you where charged for paying by cash (which the retailer is for cards and in most cases for paying in cash/cheques) I suspect you might move to the 'cheapest' option - simple fact - there is no such thing as free banking - someone somewhere is paying for the activity. Lets be honest everytime I buy something from Derek and pay my subs its by online bank transfer and I'll bet they are both happier than getting cheques (and grubby brown envelopes :))

And my silly fact for the day - I have slept on £5M - in notes - and it is really uncomfortable! Was many years ago when I worked for a well known security company moving Christmas takings from one cash handling Centre to another 50 miles away and because of the amount we had more guards than seats!

austina40sam
Posts: 859
Joined: 12 Nov 2019 20:43

Re: Banks- or should I say the lack of them!

Post by austina40sam » 20 Aug 2021 17:43

What ever way you look at it it costs money. I still think that banks are a very important thing to have in towns ect. I myself don't do anything to do with banking online and I wouldn't want too. I understand that lots of people out there do and I respect that. Like i say though I do think that the big wigs in the banks should be mindful of those who either cannot or do not want to use digital or electric payments as some people say.

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