Quizzes & Puzzles7 mins ago
New £20 Note
With the new £20 note being launched today, I wonder how often and why/where do people still use cash?
https:/ /www.th eguardi an.com/ money/2 020/feb /20/new -20-not es-feat uring-j mw-turn er-ente r-circu lation
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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 !
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 !
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.
TTT
//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 ?
//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 ?