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[Sir Tigger KC]

Personally I've never had any problems transferring cash to other people's accounts or drawing cash out from Nationwide or Barclays, perhaps I just look honest.😎

I also got a grilling from Lloyds when I took out only £900 a while ago, so I must look well dodgy! 

These days, I just take it out bit by bit from the cashpoint. Much easier. 

[Field Marshal Dr. Opti]

Personally I've never had any problems transferring cash to other people's accounts or drawing cash out from Nationwide or Barclays, perhaps I just look honest.😎

I also got a grilling from Lloyds when I took out only £900 a while ago, so I must look well dodgy! 

These days, I just take it out bit by bit from the cashpoint. Much easier. 

I can only dream of such wealth in my hand.

[Sir Tigger KC]

Personally I've never had any problems transferring cash to other people's accounts or drawing cash out from Nationwide or Barclays, perhaps I just look honest.😎

I also got a grilling from Lloyds when I took out only £900 a while ago, so I must look well dodgy! 

These days, I just take it out bit by bit from the cashpoint. Much easier. 

I can only dream of such wealth in my hand.

Yes well no doubt you have a wealth manager to look after such grubby things as cash. 

[Lizzie Zoom]

Cash?  What’s that?

I do not carry any cash, and have not for the last three years.  I just use my debit card to pay in retail and other outlets, along with using internet banking and online purchases/payments.

It is safer and easier that way, as it is for retail and service outlets who do not need to move large quantities of cash around or have on their premises.

Cash will go out as the older generations die off, but it is nothing to fear.  The only risk of course is that as it is so easy to use electronic means to pay we can overspend, so financial discipline is required.  This is why some people, especially from the older generations, are still using cash as they feel it controls their spending.

What it may not stop however is the scams to stop them having the cash stolen from them, which is why the banks are asking so many questions when older, and some younger folk, ask for large cash withdrawals.  The “police” telephone and courier scam is the classic one the banks are trying hard to foil.  If the banks do not carry out due diligence to keep customers from parting easily with large cash amounts, the banks can be obliged to compensate the customer for all money lost, plus costs and damages.

[Doctor Gollum]

Encouraging overspending is the whole point as it keeps you enslaved to the system.

Bit with your retail background you would already know that.

[Lizzie Zoom]

Encouraging overspending is the whole point as it keeps you enslaved to the system.

Bit with your retail background you would already know that.

I do for sure

But that is our capitalist system at work with multiple ways of obtaining credit which keeps the economy going.  Of course the Bank of England does step in when things start to overheat, which they have just done 

[Sir Tigger KC]

If we don't use cash we will lose it, and that will be another step in the direction of dystopia where everything is done online and can be monitored and manipulated by the authorities. 

I use cash all the time, especially for small purchases in shops, supermarkets etc 

Use it or lose it! 

[Raeturbo]

Yes so do I. A bird in the hand is worth two in the bush

[STEMO]

Using cash certainly makes you think about what you're spending. On holiday the week before last, I filled up with diesel and accidentally left my debit card in the car. Handing over four twenty pound notes make me think.

[Sir Tigger KC]

Using cash certainly makes you think about what you're spending. On holiday the week before last, I filled up with diesel and accidentally left my debit card in the car. Handing over four twenty pound notes make me think.

Apparently the Post Office has reported an increase in cash withdrawals, because as you say it makes you think. 

[Migalot]

It is important to retain a stock of cash.

Given the widespread concerns of power blackouts this winter, the majority of supermarkets and petrol stations in affected areas would likely close, since EPOS systems and card reader equipment would not work. However, many local shops, would likely continue to sell items for cash. So, if you need any basic items urgently, such as milk, bread or medicines (or even a pint at the pub!), you could likely buy them for cash. Of course, this also applies to internet blackouts alone, as card reader systems usually require a connection to work. Recently, my local chippie's internet went down and they could only accept cash payment.

It should clear that the wholesale reliance on microprocessors and internet connections for commercial transactions leaves any country's security weakened. In the event of either a huge crash of the web or a massive electromagnetic pulse (EMP), citizens could be left entirely unable to purchase any basic necessities without cash.

Keep a stash under the bed! 

[Raeturbo]

It is important to retain a stock of cash.

Given the widespread concerns of power blackouts this winter, the majority of supermarkets and petrol stations in affected areas would likely close, since EPOS systems and card reader equipment would not work. However, many local shops, would likely continue to sell items for cash. So, if you need any basic items urgently, such as milk, bread or medicines (or even a pint at the pub!), you could likely buy them for cash. Of course, this also applies to internet blackouts alone, as card reader systems usually require a connection to work. Recently, my local chippie's internet went down and they could only accept cash payment.

It should clear that the wholesale reliance on microprocessors and internet connections for commercial transactions leaves any country's security weakened. In the event of either a huge crash of the web or a massive electromagnetic pulse (EMP), citizens could be left entirely unable to purchase any basic necessities without cash.

Keep a stash under the bed! 

            Yes a good point

[Sir Tigger KC]

Yep and don't forget cyber-attacks! 

If the Russians, Chinese or other bad actors hacked into the banking systems, those who always pay by card or phone app would be stuffed. 

[Varche]

Cash used to be king in Spain. Harder for the tax man to extract his share. It was quite normal for every man to have 4 figures worth of money in their wallet.

There were two changes recently. Covid made paying by card a bit safer Healthwise. Second was that it is now illegal to pay cash for anything costing over 1000 euros.

A number of countries have tinkered with going cashless. It is only a matter of time. One day, not in my lifetime , big brother will be able to stop you buying chocolate or alcohol ( for health reasons based on your nhs record).

[Field Marshal Dr. Opti]

Yes....we don't want to lose cash.

I usually have about £150 with me.  I know I've got another £1000 or so in the house, but I can't remember where I put it.

It'll come to me.