People with no bank accounts

[cheesefest]

In this day and age, I can't believe people still don't have a bank account. How can they cope without one? In the first lockdown, majority of essential retail only wanted card payments. My employer, unfortunately did accept cash. Every colleague, including myself wiped the notes with anti bac spray, hopefully giving the hint.

Also not having a bank account is costing these people more money - for example, some companies offer cheaper deals if paying by direct debit. Plus others will refuse custom to those without a bank account.

No wonder elderly people are targets for muggings. Have seen these having £300 in cash in their purses. Then they have to queue up at the post offices to withdraw their pension.

When pensions were first able to be paid into bank accounts, my dad sorted out this for my grandparents. A blessing as my late grandad became too ill to be left alone for no more than an hour. Plus now my grandmother is housebound.

 

[touch]

Not everyone who pays cash is doing so because they don't have a bank account.

 

[Feek]

No wonder elderly people are targets for muggings. Have seen these having £300 in cash in their purses.

My mum had a bank account and everything was paid into it automatically. Every few weeks, she'd take out £300 in cash because she just preferred using cash to a bank card when she bought stuff. She never got mugged.

She didn't like direct debits either, I think she only had two or three set up and it was a struggle to persuade her to do those. Most things she had to pay annually would be done by cheque.

 

[Pawnless Endgame]

Not as bad as what the OP describes, but I have a friend who still pays his bills and rent by going into his bank branch. Even during the 2 covid years. He is 47.

 

[Terminal_Boy]

Not everyone who pays cash is doing so because they don't have a bank account.

Yup, lots of people with side jobs that pay cash that HMRC doesn’t know about.

 

[dirtychinchilla]

Not as bad as what the OP describes, but I have a friend who still pays his bills and rent by going into his bank branch. Even during the 2 covid years. He is 47.

wtf

 

[tom_e]

Yup, lots of people with side jobs that pay cash that HMRC doesn’t know about.

Or they find it easier to budget by handing over real money.

Not everyone paying in cash is a tax dodger.

 

[dlockers]

Reject the new world order, rise up and rebel.

 

[arknor]

Not as bad as what the OP describes, but I have a friend who still pays his bills and rent by going into his bank branch. Even during the 2 covid years. He is 47.

if more people did that your local bank branch probably wouldn't be closing in the next few years, assuming you even have one

 

[chaparral]

Not everyone who pays cash is doing so because they don't have a bank account.

I pay for most everyday items by cash and of cause i have a bank account

Just find it so much easier to control my spending paying by cash

 

[cheesefest]

if more people did that your local bank branch probably wouldn't be closing in the next few years, assuming you even have one

Banks that closed reduced their hours from 9-4 to 3 days a week 10-2. Then complain that nobody used them - closed 6 months later.

 

[Freakbro]

My nearest branch of any bank, let alone the main one I need to do my business banking is now over 10 miles away

 

[touch]

Banks that closed reduced their hours from 9-4 to 3 days a week 10-2. Then complain that nobody used them - closed 6 months later.

You just started the thread complaining about people who dont pay for things using cards or DD and now you're also complaining that local bank branches are closing? You can't have it both ways.

 

[BDEE]

Banks that closed reduced their hours from 9-4 to 3 days a week 10-2. Then complain that nobody used them - closed 6 months later.

Nope. Banks do not want people using branches for cash transactions.

Hence why those still open have more automation, reduced hours for counter services etc.

It is too expensive now to transact such things using a person.

*edit* oops wrong quote

 

[FBi7]

My employer, unfortunately did accept cash. Every colleague, including myself wiped the notes with anti bac spray, hopefully giving the hint.

Why unfortunately? Also, you do realise money has been the dirtiest thing ever since it's been around. The only hint you were giving was that you and your colleagues are arses. I'll bet you're one of the ones who wore gloves and continued to touch your face whilst wearing them.

 

[rhobbyh]

i reckon if you had to pay have cash everytime you bought something, youd be much richer

 

[GGizmo]

The problem with bank accounts and direct debits etc is its very easy to lose count of the money you're spending.

I'm very strict on what I spend, and do 100% of transactions via the bank or cards. I haven't used cash since 2008.

But £50 on a screen is easier to spend than £50 in bank note('s).

 

[cheesefest]

Why unfortunately? Also, you do realise money has been the dirtiest thing ever since it's been around. The only hint you were giving was that you and your colleagues are arses. I'll bet you're one of the ones who wore gloves and continued to touch your face whilst wearing them.

We were advised not to wear gloves at the beginning. Just sanitise hands when handling cash or every so often.

 

[Pawnless Endgame]

Banks that closed reduced their hours from 9-4 to 3 days a week 10-2. Then complain that nobody used them - closed 6 months later.

The Stafford Santander (my bank) isn't too bad at the moment, 09:30-16:30, but it will reduce to 09:30-15:00 in a couple of months time.

Where would Nationwide sit in all of this though? My mortgage is with them and I would like to speak to a financial advisor there as my income has increased this year and I want to discuss an over-payment plan.

 

[rhobbyh]

The Stafford Santander (my bank) isn't too bad at the moment, 09:30-16:30, but it will reduce to 09:30-15:00 in a couple of months time.

Where would Nationwide sit in all of this though? My mortgage is with them and I would like to speak to a financial advisor there as my income has increased this year and I want to discuss an over-payment plan.

you dont really need to speak to anyone for that, sort your internet banking out and you can sort it all out from there

theres an option to shorten the term or reduce the payments if you pay over 500 pm which is the only decision you have to make