Cashless society ( pros and cons)

Discussion in 'General Discussion' started by catlad, 5 Oct 2021.

  1. ReganAndCarter

    ReganAndCarter

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    I don't regularly walk around with several thousand in my pocket, maybe £20 or £40. So the potential losses of someone having access to my bank account via a contactless card are much greater.
     
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  3. Ihavenojob

    Ihavenojob

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    My wife lost our card. I didn't cancel it as the person who had it was spending less than her.
     
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  4. Harry Bloomfield

    Harry Bloomfield

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    Only whilst interest rates are so depressed, are returns so poor. I'm not getting much, but it is better than nothing and is on the rise again recently.
     
  5. Ihavenojob

    Ihavenojob

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    I'd rather the rates stay low, although I won't be getting hardly any interest, it would be far worse for the economy if rates were to rise rapidly, many would lose their houses, and the banks will be laughing (all the way to the bank).
     
  6. ellal

    ellal

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    Of course benefit scrounging spivs have nothing to hide?
     
  7. Mottie

    Mottie

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    I’m sure they must have but I doubt it would be the ones who let others know what help from this wonderful government they are getting.
     
  8. JohnD

    JohnD

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    Keeping a wedge of money in the bank is a sure way to become poorer.

    Interest rates do not keep pace with inflation.
     
  9. Ihavenojob

    Ihavenojob

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    Stock up with tinned goods and pasta.
     
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  11. AngleEyes

    AngleEyes

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    I hear there's a looming shortage of tinned goods and pasta.
     
  12. Ihavenojob

    Ihavenojob

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    No shortage. I am going to be like Christopher Walkens character in Blast from the past.
     
  13. noseall

    noseall

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    As you said - you can cancel a card and get a refund if suspicious activity is detected.
    Good luck if you lose your wad if cash.:whistle:
     
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  14. AngleEyes

    AngleEyes

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    Contactless cards have a limit on the value of allowable transactions, and they can only be used to buy something, so any attempt to 'empty' the account via contactless transactions will be similarly limited.
    And a thief would end up with a lot of cheap bags, shoes, groceries, and other low value items, and from multiple outlets.
     
  15. Mottie

    Mottie

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    Contactless limit is going up to. £100 from next week in this country in case you didn’t know. What's the limit in your country?
     
  16. AngleEyes

    AngleEyes

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    80,883.0 AOA.
    Plonker.
     
  17. gas112

    gas112

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    as i pointed out earlier because you do doesnt mean others do .
     
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