it's not like the plastic notes we have now would be much nicer.
and you believed him
if you'd had no cash the machine would have miraculously started working again that instant.
The end of cash?
- Thread starter danny la rouge
- Start date
if you'd had no cash the machine would have miraculously started working again that instant.
Cid
Proper break this time
Sure, but you presumably don't do the same just because it might help keep your local branch open.
StoneRoad
heckling from the back!
which, for the specific business concerned, works out a to be lot less than adding up all the individual transaction fees, even allowing for the time taken to count cash.
I've done the end of day cash-up numerous times & weekly balancing as well.
If you are good at it, it doesn't take long.
lazythursday
Averagely-Known Member
You've also got to get it to and from a bank / post office, within their opening times, and also maintain enough denominations to enable you to give change. I can totally understand why for many small businesses it's so much easier to be cashless.
But I fully agree about exclusion - and therefore I do think there should be some rules about what type of businesses have to maintain cash. Supermarkets should have to definitely.
marty21
One on one? You're crazy.
The transaction was more difficult for him with cash , he had to scramble around for change for a twenty, I tend to believe that Worthing taxi man.it's not like the plastic notes we have now would be much nicer.
and you believed him
if you'd had no cash the machine would have miraculously started working again that instant.
Elpenor
a clown’s heart and a mandolin
You’d think they’d leverage that to improve their current account switching offer
moochedit
I'm not feeding seagulls
I was sad enough to check this online right now
and in my case i withdrew a total of £730 cash in the last 12 months in 17 transactions, biggest one was £250 (think that one was a plumber but not sure). Most were for small amounts like £20 (i suspect mainly for barbers). (Not smoked weed for about 12 years now so not that )
Cid
Proper break this time
What?
You use cash on the assumption that doing so will preserve it as an accessible system. It is not an accessible system unless the user has access to facilities that allow them to use it, like your parents do. It isn't about the medium of payment, it is about the provision of services that allow marginalised people access to that medium. So, do you use the counter services at your local bank? or do you use online banking? do you use your local post office branch, or do you print labels off royal mail or similar?
Cid
Proper break this time
And, to reiterate. We need cash at the moment... Arguably we always will, though I'm not sure that will prevent it from going. There are a lot of interlinking issues here. Poverty of access will tend to be aligned somewhat... I will hazard a guess that food deserts, banking deserts and the people that most need access to cash (and have the least help from family etc) overlap. There are a bunch of accessibility issues for which different things have different pluses and minuses. Cash certainly has a place in that, for now. But could you design a better system? Pretty sure the answer to that is yes.
UnderOpenSky
baseline neural therapy
I think it would be helpful to define the people who are currently excluded. I think there are two main groups, but curious about who else I've missed?
People who are to old to be able to get their head around a card and online banking?
Those for it's very hard to get a bank account like the homeless (although I know it is possible)
Cid
Proper break this time
Yeah true, it gets a bit confusing and they're different arguments. Banked with certain accessibility issues. Unbanked... which also includes a pretty wide variety of people; homeless, people with poor literacy, young and unemployed, some by choice.
Cid
Proper break this time
Also worth noting that unbanked doesn't actually mean 'no form of account'. It means no current account or emoney. From the FCA's 2022 report (excuse c&p formatting if I miss something, in the main pdf, p184 iirc):
brogdale
Coming to terms with late onset Anarchism
As it happens I do always use the counter service at my Nationwide branch and, when the staff inevitably tell me that I could use the automated machine, I politely decline the invitation and specifically say thatI prefer the human interaction with staff. When I have to post a parcel I do use my local PO/WHSmiths; I really didn’t know about label printing, but even so I doubt that I’d do that as I tend to resist such consumer as producer activity.
completely disagree with your suggestion that it isn’t about the medium of payment; for my digitally excluded parents it absolutely is all about the medium of cash…they’re quite anxious about the growing non-cash economy.
UnderOpenSky
baseline neural therapy
I suppose when your retired you need something to fill your day.
Cid
Proper break this time
What about the people in your parent's position who have arthritis, or macular degeneration, or aren't able to regularly access cash facilities for any number of reasons? It makes sense to develop a baseline technology that is at least capable of working for everyone. And to provide the support to help people adopt it. Cash is just easier for the government because they can't really get rid of it yet either way.
You can get slightly cheaper prices by paying for postage online and then going into the post office to get the label printed
UnderOpenSky
baseline neural therapy
I've mostly default to using Hermes much as I hate them as there's loads of shops that you can take parcels to which are open at times I'm not at work.
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farmerbarleymow
I'm Petee's spirit animal
Went back through my current account and I've withdrawn £240 in the last three years. Think I've still got a £20 note in my wallet that I originally withdrew just before the pandemic. Occasionally take out £10 at a time for taxi fares, but that's about it.
One of the two shops in my nearest village is also the post office
farmerbarleymow
I'm Petee's spirit animal
Just remembered - I never used contactless before the pandemic. Obviously with the pandemic I didn't want to touch filthy germ-riddled buttons on the card machines so started to use it then.
brogdale
Coming to terms with late onset Anarchism
good points; I know that my old parents have sometimes used the Nat West home delivery cash service for the vulnerable/self-isolating, but that does require the ability to ring up for it.
Don’t really know what you’re on about with baseline technology
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Cid
Proper break this time
I just mean that cash is a technology, and it is the kind of lowest common denominator of financial transaction. It's the baseline, the thing that anyone can technically have access to and use. It would be better if we had an alternative that was more universally accessible (at least for the foreseeable probably keeping cash alongside). Even if that requires providing people with a very simplified electronic device or something (and help using it). On which note I also think we need to reinstate/fund more local services focussed on accessibility, particularly with an ageing population.
UnderOpenSky
baseline neural therapy
brogdale
Coming to terms with late onset Anarchism
You mean that you've got that; the problem with your cashless utopia is that not everyone has.
UnderOpenSky
baseline neural therapy
It's far from a utopia, but I honestly think all this effort about fighting it could be better spent ensuring everyone has access.
brogdale
Coming to terms with late onset Anarchism
To what?
UnderOpenSky
baseline neural therapy
To being able to pay without cash.if that's the way it's going.
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