Do we need high street banks?

easyrider · 10 Nov 2007 at 23:20

It must be 3 yrs since I have been in one.

They could cut the lot and I wouldn't care...

Mikoyan · 10 Nov 2007 at 23:22

good point, I dont think I have been in my bank for well........I cant remember :eek:

Internet Banking all the way

Glaucus · 10 Nov 2007 at 23:24

Yes, how do you pay money into an account?
how do you withdraw large amounts of money?

etc etc.

yes internet bankings great, but it has sever limitations.

Biohazard · 10 Nov 2007 at 23:28

Business that deal with cash would be scuppered.

easyrider · 10 Nov 2007 at 23:29

AcidHell2 said:
Yes, how do you pay money into an account?
how do you withdraw large amounts of money?

etc etc.

yes internet bankings great, but it has sever limitations.

online

hole in the wall

We don't need to go in a room with people anymore.

How much cash are we talking?

Werewolf · 10 Nov 2007 at 23:30

As Acidhell says, internet banking is great for some things, but you still need to pop into a building and see a human at times, either to pay something in, make a large withdrawal or because there is a problem that cannot be sorted over the phone.

It's also worth remembering that many people still don't use or trust internet banking, may not have it or need to go to the bank on a regular basis for one reason or another.

Jet · 10 Nov 2007 at 23:31

You can pay money into your account with a machine these days.

Glaucus · 10 Nov 2007 at 23:32

Jet said:
You can pay money into your account with a machine these days.

only ones inside a bank.

you can't withdraw more than about 500 in cash.

Meridian · 10 Nov 2007 at 23:33

Werewolf said:
It's also worth remembering that many people still don't use or trust internet banking,

Including just about everyone who advises banks on internet banking security I gather.

M

Jez · 10 Nov 2007 at 23:33

easyrider said:
It must be 3 yrs since I have been in one.

They could cut the lot and I wouldn't care...

Scenario, i have £10k in cash. How do i pay it in?

I use them very frequently for paying in cash and withdrawing cash. Also for paying in cheques.

easyrider · 10 Nov 2007 at 23:33

Werewolf said:
As Acidhell says, internet banking is great for some things, but you still need to pop into a building and see a human at times, either to pay something in, make a large withdrawal or because there is a problem that cannot be sorted over the phone.

It's also worth remembering that many people still don't use or trust internet banking, may not have it or need to go to the bank on a regular basis for one reason or another.

I find its easier to sort things out over the phone than some saturday girl to input details I already have over the net.

Plus I need ID and when Im in my boxers after coming out the shower showing proof its actually me is a PITA

easyrider · 10 Nov 2007 at 23:37

Jez said:
Scenario, i have £10k in cash. How do i pay it in?

I use them very frequently for paying in cash and withdrawing cash. Also for paying in cheques.

Cheques?

For business then yes but one would get an assitant for such nonsense.

Cheques are just wrong.

And 10k cash I wire that to my accountant!

[TR]SweetSpotOz · 10 Nov 2007 at 23:38

I've never been into a blacksmith. Guess we should get rid of them too.

easyrider · 10 Nov 2007 at 23:39

markyp23 said:
I've never been into a blacksmith. Guess we should get rid of them too.

I don't need shiney shoes!

Rubbish example.

Based on a few people that use horses.

Millions use banks and the world doesn't stop when they shut early on a saturday lol

Usel · 10 Nov 2007 at 23:40

I go to the bank every week. My local HSBC closed down 2 weeks ago so I changed to Barclays who are across the road. After speaking to them we weren't the first people in their swapping over their accounts.

If Barclays close down at least I can pay money into my Barclays account through the post office.

Jet · 10 Nov 2007 at 23:41

AcidHell2 said:
only ones inside a bank.

They don't have to be though. I'm sure you could only withdraw cash from a bank in the past as well.

I doubt we'll see the end of banks though. Old people can't use the internet or any sort of machine so they need to queue up. I just use the internet and the machines.

[TR]SweetSpotOz · 10 Nov 2007 at 23:41

easyrider said:
I don't need shiney shoes!

Rubbish example.

Based on a few people that use horses.

Millions use banks and the world doesn't stop when they shut early on a saturday lol

But it does stop!

Weekends may as well not exist in business outwith retail.

jackthezipper · 10 Nov 2007 at 23:41

how would the kids pay in their birthday cheques? Spose people could just learn to do tranfers instead.

easyrider · 10 Nov 2007 at 23:42

Usel said:
I go to the bank every week. My local HSBC closed down 2 weeks ago so I changed to Barclays who are across the road. After speaking to them we weren't the first people in their swapping over their accounts.

If Barclays close down at least I can pay money into my Barclays account through the post office.

Thats scary

what do you do when you go out the town?

Glaucus · 10 Nov 2007 at 23:43

Jet said:
They don't have to be though. I'm sure you could only withdraw cash from a bank in the past as well.

the trouble is they need emptying several times a day, if they where used often, especially the ones with take coins. Also compared to a normal cash machine there open to a lot more abuse as you have to put things in it. How often do you think people would put objects in it, that it's not designed to take.