Keeping “emergency” cash at home…
- Thread starter slinxy
- Start date
Soldato
- Joined
- 16 Aug 2009
- Posts
- 7,856
I tried buying a car once via card the bank went lol no chance had to arrange a bank transfer instead. I'm definitely not carrying that amount of cash in my pocket.
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Isn't the limit like 100 on phone pay?
Man of Honour
Up to unlimited depending on what the business has set
Not sure if that's great or not if it's retailer dependant!
My phone got declined at vets for 270
Man of Honour
- Joined
- 21 Nov 2004
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- 45,536
I only ever carry my phone with me these days. Have never been rejected on larger purchases so far.
Soldato
No limit on Apple Pay when it's properly implemented and I can't remember the last time I spent over £100 in a physical shop (other than the supermarket) in any case.
It's not happened yet but I'd just have to leave whatever it was I was buying. I make 99% of my large purchases online though, as above.
I keep £10 in my card holder in case I need to go to a corner shop or something.
Anything more? No, because there are things called cash machines... About 3 within a 5 minute walk.. could easily withdraw £1k in an instant if needed. Keeping it at home for the sake of it makes zero sense.
Anything more? No, because there are things called cash machines... About 3 within a 5 minute walk.. could easily withdraw £1k in an instant if needed. Keeping it at home for the sake of it makes zero sense.
I think some people have forgotten that not too long ago one of the banks basically lost it's ability to let it's customers do virtually anything (and the branch staff*) couldn't access accounts on their systems either.
Unless you've got at least two current accounts with completely different banks, or a credit card that is from a completely different issuer and type there is always a single point of failure that can remove your ability to use any electronic funds, even then if there is an internet outage or whatever you can be without your electronic cash.
I probably use card for about 95% of my purchases these days, but cash is always handy to have around.
*Good luck finding a branch that hasn't been trimmed these days
It's good practice to at least have access to two different accounts from separate financial institutions, for this exact reason. It's not necessarily just for IT related issues either, but if you've had an incorrect fraud marker placed on your account (has happened to plenty of people) which locks your account out then you've got no access to those funds until they sort out the issue.
We keep a few quid in as our local chippy is cash only.
Soldato
Nope, cash is old school and it feels weird physically handling it.
£500 from one debit card and £250 each from 2 others.
Bumping this as some banks seem to be having an issue or two today…
Don
Possibly also why governments have all recently been telling people to “prep” with plenty food and water at home.
Seems a lot of this sort of IT “issues” recently:
I always have a good supply of stables like pasta, noodles, rice and few tins.
But I do a weekly shop for the food that I’m wanting to eat that week. That weekly shop is on a Saturday so I’m low on none stable food..
Soldato
- Joined
- 13 May 2003
- Posts
- 8,885
A little cash doesn't seem like a terrible idea, payments might be working today but given the ever increasing complexity if payment systems there are going to be the odd times when plastic isn't available.
Associate
I never used to, but I think it may be wise to have access to some cash.
Just need to get hold of some now...
I rarely go into town as I have my groceries delivered. Thus never get to a cashpoint, or access cashback (is that still even a thing?)
Anyone got any spare cash their'd like to donate?
Just need to get hold of some now...
I rarely go into town as I have my groceries delivered. Thus never get to a cashpoint, or access cashback (is that still even a thing?)
Anyone got any spare cash their'd like to donate?
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Soldato
I hate being right so many times 