No cash accepted

[greenose]

I've posted about this before and it is getting worse. Takes kids into London today to spend some pocket money off grandparents. Goes yo Pizza Hut and its card only them the glossier shop and they don't Even have tills 😡 you put details into the iPad and pay contactless. I don't understand how all these business are getting away with refusing to accept cash.

True, but the amount will be limited to whatever was taken. Someone with your card can potentially do a lot more harm to your bank account if you don't spot it in time, and while you may be able to get it back from your bank if they decide you weren't negligent, it's a pain in the bum, much worse than losing a few quid, IMO.

@VeryQuaintIrene so do you take cash out separately to your card? If so how are you getting the cash in the first place? If your bag is stolen chances are you are definitely loosing the cash and if they manage to use your card the money will be insured by the bank so you will get it back.

I leave my cards at home most of the time. It’s not been a problem in the last 5 years.

@Wolfpa I don't use a handbag and usually just pay by card, but I like cash as an option. My general point is that we ought to be allowed a choice and that cards are far from the perfect option that some enthusiasts are claiming that they are, as witnessed by my experiences in hurricane Helene which has actually made me more keen on cash!

I live in the US and we get charged between 3-4% to use a credit card. During covid they didn't want cash now they don't want you to use a credit card.

My DH definitely prefers bank transfer.this time of year he's working flat out so going to the bank means he has to go Saturday which he can't always. If everyone paid cash he'd have thousands hanging around the house and no money in he bank for direct debits.

Same with shops and cafes etc. Staff don’t want paying in cash. Suppliers don’t want cash. Insurance is enormous if you want high amounts of cash covered so it needs banking daily which takes time and petrol. It also needs banking daily so there’s money in the bank to pay the wages, direct debits, suppliers, etc. Van delivery drivers don’t take cash anymore - they’re not allowed due to insurance and risk of theft/loss. Staff dont want cash wages as then they have to traipse to the bank topayit in as they need it in their bank to pay their direct debit, mortgage, rent, etc.

I'm sick of having to withdraw £10 or £20 for the odd dark-ages business I encounter that still demands cash, only to have the change then rattling around doing nothing for weeks or months on end.

The sooner it's done away with the better.

Customer choice is nice too. Are there many businesses that still pay staff wages in cash these days?

Mostly those who are not properly registered and not declared, i.e. to facilitate tax evasion and benefit fraud between dodgy employers and dodgy employees. Black economy is the only growth industry in the UK!

This reminds me of women who used to think that they were thoroughly modern and marriage was old-fashioned and belonged in the dark ages. Then their man threw them over and they found that what they thought were joint assets - the house, the pension - were in his name and they were thrown out as if they were merely a lodger who had over-stayed. Women have wised up now and appreciate the legal benefits and protection of marriage, especially when DC come along. I can see similar happening with banking.

I have been around long enough to see banks repeatedly change things to suit themselves. At one stage card transaction-fees were so expensive that nobody would take them for less that £5 of sales; now they are trying to put everything on a card. We used to have cashiers but they got rid of them in favour of ATM; now we have hardly any branches and even ATM seem to be disappearing. On the subject of ATM, they are free to use in affluent areas but they charge in poor neighbourhoods. They charge you - or not - to have a credit card or a current account according to their current whim. When they first tried to introduce computer banking for businesses (i.e. persuade us to do their inputting for them, so they could sack their own staff) they had the cheek to try to charge for use of the programme! Et cetera, et cetera.
For years banks have pushed, nudged and incentivised the behaviour they want. You can bet that the moment that they get rid of cash they will change the rules again. In their favour, of course. And you will have no option because cash will no longer exist.
I don't understand why people are being so trusting of the banking industry.

Lol. Wtf? 😆😆😆😆

I've just spotted a thread started just a few minutes before my comment:

"I've had a few accounts with Chase, all fine, until today when I log in I'm told I cannot access my money until I answer a load of (very intrusive) questions including how much I earn!"
Chase Bank

I'm keeping my tinfoil hat firmly on!

Did you bother reading the thread? It’s perfectly normal, and advised, banking practice.

It’s perfectly normal, and advised, banking practice.
I know all about AML / KYC but don't you think that it's a bit overkill that they are applying it in such a draconian manner to your average MNer? The High Street is full of dodgy shops which are obviously a front for money laundering but, somehow, are allowed to continue. Meanwhile they go overboard on the law abiding citizen who earns average wage and has average spend ...
It's like a lot of things: the idea is OK but the implementation is dire. And people accept it as 'normal'.

I probably would use my phone and watch and did until I changed phone and watch, I cannot just transfer my cards over, I have to ring the bank to do this so haven't bothered. I use my cards and cash instead and can't say I have missed using the phone and watch

It was on the news recently that cash use had gone up, most people use contactless card, I guess the amount using phone will decrease if you have to ring the bank every time you change your phone to put the cards back on, I had 3 so that is 3 banks to ring, all of them wanted ringing.

My 11 year old has a debit card (actually has a zip card for TFL as well live in London) but if your kids were under 11 they’d be free and if over then they could have their own cards.

Well you need to address your concerns to the Government and Regulators. The individual banks have limited scope as to how flexible they are when complying with the regulations and laws. They can't just ignore the law because a random MN'er thinks it's over the top.

You don’t have to phone the bank every time.

Well unfortunately I do have to, I put in the 3 digit codes and it popped up with ring your bank, maybe it's for people that rarely change their phone, it put me off using it as it's too much bother.

Actually a quick google shows me I am not the only one that has to ring the bank to put a card on for Apple Pay.

I understand that a lot of people use Apple Pay the majority of the time - but going away somewhere with no other means of paying is not very sensible.

Well we all know the obvious - but last year I visited a market (northern town when on holiday) and one of the stall holders told me that a lot of them had stopped taking cards as it cost them an extra percentage on their sales dealing with the card payments and they couldn't afford it any more.

There’s also a cost for stallholders to people using cash in terms of inconvenience, security, time etc.