What do you go into a bank for ? Only my 84 year old Mam pays people by cheque but even she draws money out of the hole in the wall. She doesn't buy insurance of them either. I cannot remember the last time I went into a bank and I doubt my son even knows where his branch is. he does everything on his phone.
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Two more retail companies look doomed
- Thread starter kippaxwarrior
- Start date
What do you go into a bank for ? Only my 84 year old Mam pays people by cheque but even she draws money out of the hole in the wall. She doesn't buy insurance of them either. I cannot remember the last time I went into a bank and I doubt my son even knows where his branch is. he does everything on his phone.
dickie davies
Well-Known Member
The industry I worked in was very much cash based and customers would sometimes pay me by cash which I was eager to bank rather than carry round for a weekWhat do you go into a bank for ? Only my 84 year old Mam pays people by cheque but even she draws money out of the hole in the wall. She doesn't buy insurance of them either. I cannot remember the last time I went into a bank and I doubt my son even knows where his branch is. he does everything on his phone.
I had a customer in Royton and he was going mad as the only bank on the precinct closed which left his nearest in the center of Oldham
TheRemainsOfTheDave
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My Dad is in his eighties and still expects to see the bank manager as he's been with them since the sixties. I dread the day they shut his branch, he just doesn't do tech well at all.What do you go into a bank for ? Only my 84 year old Mam pays people by cheque but even she draws money out of the hole in the wall. She doesn't buy insurance of them either. I cannot remember the last time I went into a bank and I doubt my son even knows where his branch is. he does everything on his phone.
The industry I worked in was very much cash based and customers would sometimes pay me by cash which I was eager to bank rather than carry round for a week
I had a customer in Royton and he was going mad as the only bank on the precinct closed which left his nearest in the center of Oldham
and that moves the thread slightly off topic. I believe the government want to push us into a cashless society. It is easier to follow a computerised money trail for tax (crime) purposes than cash. For that reason they are quietly encouraging bank closures.
aguero93:20
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Tax + Crime. The less paper cash is in a society, the easier it is to spot when someone has too much of it through illicit activities. The less cash transactions going through businesses, the harder small scale money laundering becomes.and that moves the thread slightly off topic. I believe the government want to push us into a cashless society. It is easier to follow a computerised money trail for tax (crime) purposes than cash. For that reason they are quietly encouraging bank closures.
Tax + Crime. The less paper cash is in a society, the easier it is to spot when someone has too much of it through illicit activities. The less cash transactions going through businesses, the harder small scale money laundering becomes.
That is what I am saying, it is also why the government have vat rather as well as individual tax, every one has to buy goods so it is easier to collect the revenue. A cash less society is a huge tick for governments.
aguero93:20
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Governments and businesses, cash is a nightmare at administrative level for businesses.That is what I am saying, it is also why the government have vat rather as well as individual tax, every one has to buy goods so it is easier to collect the revenue. A cash less society is a huge tick for governments.
BlueMoonRisin’
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There'll be more sperm banks open than cash banks the way things are going then. A small deposit is all that's needed; )
Armchair Supporter
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As an honest and upright memebr of society (Honest) i've no issue with a cashless society.
However, that means that society has to behave properly and have better protections and controls
However, that means that society has to behave properly and have better protections and controls
dickie davies
Well-Known Member
and that moves the thread slightly off topic. I believe the government want to push us into a cashless society. It is easier to follow a computerised money trail for tax (crime) purposes than cash. For that reason they are quietly encouraging bank closures.
With so many people on some kind of social security, down to the Post Office on a Thursday to draw their weekly wages, no way will there be a cashless society
These people spend their money on a day to day basis and whichever legitimate retailer they spend it with has to dispose of the money somewhere, so they either bank it, or spend it themselves at the wholesaler, who themselves have to bank the money
So much low end retailing is done by cash that it's impossible to move away from physical money