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I don't
I still get statements in the post
And write cheques
And I use cash
I went to tescos in Bridgend the other day with my penny jar and got 60 quid back
I am living in 1992
more like 1982
yes it's a doddle sludge
Yes
I still get statements in the post (bank account and credit card).
I still have a cheque book that I use at least once a year!
I still use cash - though not so much under Copvid.
But I bank online most of the time.
I'm a bit old school like Sludge. I still tend to go to the cashpoint, and pay for my shopping etc with cash.
I'm not very tech savvy and I'd worry my account could get hacked. So how safe is online banking? What are the benefits? Help change my mind boys.
Being partially self employed, I've noticed quite a drop in the number of people who use cheques nowadays. 5 years ago I reckon half of my work was paid by cheque. Everyone pays by bank transfer or by cash now. Banks don't routinely send out cheque books any more, either.
I moved to First Direct some 25 years ago, and it's gone from telephone, to online, and now via mobile. I have to say, it's pretty good, and if asked, I always recommend them.
Regarding the use of cash, I went in the small Tesco close to where I work recently, and they had removed the cash option from all of their self-service machines - you have to use a card. So now, you get long queues of people at the till, who all want to pay in cash. Tesco brought in the self-serve to cut down on till use, but now, they have removed the cash element, and as a consequence, they have to re-open the tills. Where is the logic in that?
Needless to say, I join the queue and pay in cash - not because I want to, but because I object to the fact that the machines have been changed. It's almost like I pay in cash just to spite them. I don't mind using a card, but if I want to pay in cash, the option should be there.
I’m also a long term First Direct customer (since 1997) and have seen that transition from phone to web to app, which all the other banks have followed.
The point is that you don’t have to everything online - society wants to categorise people as digital or analogue, when you can be both.
Online banking is safe and if your account is hacked through no fault of your own, then it’s the bank’s liability.
I split my income into being paid into two different online bank accounts (both of which I use exclusively via mobile phone apps) and switch those funds to two other banks every year i.e. after I have satisfied the terms and conditions for the financial rewards for doing so. It's painless and beats the paltry interest rates available available on current accounts.
Surprisingly, the PIN sentinel gizmos (or whatever they are called) issued by banks seem to work in respect of other banks.
I am staying old school as long as I can
Sod online banking
Soul Crew Since 1982
Keeping The Faith
WE have a 'traditional' current account (online) where salaries get paid into and all direct debits go out from. We have a cheque book for it but never use it and get our statements online. Easy enough to transfer money in and out via their app.
But we also use a new online Monzo account where we transfer funds to each week and use that as our running money for the week leaving the normal bank account relatively untouched and just covering the DD. The Monzo account allows us to create separate pots where we allocate money for various reasons so we build up funds for upcoming events, projects etc. The main part of that account comes with joint account debit cards and apple pay so we use it as if it was cash in our pocket and the app updates in real time after each purchase.
The app makes it easy to filter money into many mini pots for things like travel, saving for season tickets, my savings pot for going to the euros (probably be using that for something else though).
So easy to manage it all via the app and not stuffing cash in envelopes or having savings books.
I'm going to take a wild punt here and say that Bluetit doesn't use online banking
Your local postman could drop your statement or cheque book in the wrong house and you could be defrauded that way.
I know someone who doesn't bank online and her card has cloned in Pretty Miss Cwmbran some years ago
The cost of cheque use has risen significantly.
I do feel for the elderly though as they do and still use the older fiancial methods, as they feel comfortable with them , including wanting to go to thier nearest bank once a month .
There was a move to eliminate cheque clearing by 2018 that has now been put on the back burner as it would effect the elderly, SME's, small self employed business like clubs and at home businesses.
I use Starling Bank for all my business needs, its 100% app based, i can pay in 4 cheques per week by just taking a picture of them, its free, you can have a " virtual card " for any one of payment, so the money goes out and the card is then gone, i have a real card that i have set-up on apple pay, its free ( as its not really a business account )
I get a message when payments are made into the account
you get a payment link , so "payingformattsdisneyholiday".com
a great account, i would move all our banking to them, but the mrs likes the idea of a real bank that you can pop into with any issues