The last time this topic done the rounds was about 3 months ago ?
If I remember rightly I had about £60 in my wallet then... today I have £50 and that is because I have given my daughter a tenner for a taxi.
That means for around 6 months I have never needed any cash whatsoever. it's a debit card for me, all the way. If a shop or a pub can't accept a card .. I would just turn around and walk away.
Glad this post came up because it has reminded me of a stash I have hidden away. ... It is all old tenners !
I live in a smallish village in a rural area. Most of the little businesses here require payment in cash or cheque. I would be totally lost without cash.
Some people don’t qualify for a credit card or a bank account. I always thought that legal tender had to be accepted.
My hairdressers only take cash and when I’m out and about I’ll use contactless , all my bills are paid on the 1st of the month by DD, I go to an ATM on a Tuesday to go to the pub with mates ( cash only)
Life could not be simpler :0)
Contactless is something I really am not interested in. I have changed all my cards bar one for PIN type. The only exception is one bank card which only offers contactless and they are the only one I know of which does free cash withdrawals abroad; I keep it in a screened pocket, which makes it fiddly to use, so hardly ever use it.
We use our contactless credit cards all the time (except hairdresser and village shop which doesn't take cards for less than £5 spend) and always pay off the balance in full every month. My husband took a bit of convincing but when I pointed out that every spend adds to our John Lewis points he was converted. It's an absolute no-brainer.
Legal tender doesn't have to be accepted, but you can't be sued for non-payment if you offer full payment of your debts in legal tender. So, it may not be wise to refuse.
I use cash for EVERYTHING !! I do not even have a Card !!! Most shops around here at least , prefer cash !! Some even refuse Cards totally !!
Would you use a card for buying a pint of milk for example ?
//You may not realise it but you already do internet banking, that's how the whole system works. The difference is that if you don't actually sign up for it then you are a prime target for hackers to activate your account for you and then empty it.//
Surely if the bank received a request for IB , wouldn't they insist on you producing appropriate ID , and carry out appropriate security checks before allowing the service to be activated ?