Author Topic: Is it the end of cash?  (Read 18907 times)

Mr Larrington

  • A bit ov a lyv wyr by slof standirds
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Re: Is it the end of cash?
« Reply #225 on: 09 July, 2022, 10:53:27 pm »
I think the trolleys are still unchained in Lt. Col. Larrington (retd.)'s nearest Sainsbo's in Leafy Surrey, presumably because of the lack of cheery Cockney urchins to rob them and throw them into the canal.  Here in sunny E17 it’s a different story.
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Satisfying the Bloodlust of the Masses in Peacetime

Re: Is it the end of cash?
« Reply #226 on: 10 July, 2022, 10:53:12 am »
Trolleys will end up using tokens that can be purchased contactless.

It’s partly that way now with those keychain tokens some people already use.

Kim

  • Timelord
Re: Is it the end of cash?
« Reply #227 on: 10 July, 2022, 09:03:50 pm »
As our Aldi operates a de-facto trolley loan service for FOREIGN student house moves, I have one of those token things clipped to a convenient point on my shopping panniers.  Which is fine until I find myself going shopping with some other luggage and have to scrabble about in my wallet.  See also: going to the supermarket in a hire car and forgetting to bring any bags.

(My usual approach to supermarkets is to bung the panniers in a half-height trolley and then fill the remaining space with shopping, which is about the same volume.)

ian

  • why would any decent person have such thoughts?
Re: Is it the end of cash?
« Reply #228 on: 10 July, 2022, 10:23:54 pm »
The pool has £1 lockers so I’ve accumulated tokens for every cancer going. I’m the changing room Grim Reaper.
Authoritarian Thought Leader, the Pol Pot of Powerpoint, the Stalin of Spreadsheets, the Putin of pandas

Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #229 on: 11 July, 2022, 07:46:15 am »
Living in the centre of a CORE CITY means you very rarely get actual trolleys. Then again, living in the centre of a CORE CITY means you can't actually afford to go shopping either. In any case, Bristol is about to be incorporated into Malaysia, so I'll have to get used to paying for everything in ringgits (nothing to do with car parking).
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.

ian

  • why would any decent person have such thoughts?
Re: Is it the end of cash?
« Reply #230 on: 11 July, 2022, 09:44:54 am »
On the subject of trolleys, I was impressed to see someone rolling a fully loaded Ikea trolley through Wandle Park (not entirely adjacent to the local purveyor of Swedish flatpack, so a fair amount of pushing a small wheeled flatpack trolley across Croydon's famously smooth pavement). I was more impressed when thirty minutes later he went back the other way with an empty trolley, the usual local tradition being to release them into general population.
Authoritarian Thought Leader, the Pol Pot of Powerpoint, the Stalin of Spreadsheets, the Putin of pandas

Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #231 on: 11 July, 2022, 10:43:53 am »
That reminds me of something saw a few weeks ago that I was going to post in the electric scooter thread: a teenager sitting in a supermarket trolley, with his legs out the opening back part, holding on to the bars of a scooter. He was evidently trying to get the scooter to tow him in the trolley, but it wasn't working – the scooter was just wheelying, presumably the trolley had too much weight and/or resistance. Which is probably just as well, considering what might happen with teeny trolley wheels at 15mph!
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.

Re: Is it the end of cash?
« Reply #232 on: 11 July, 2022, 01:59:55 pm »
You still need a pound coin (or at least something the size and shape of a pound coin) to get a trolley at Sainsos.
Or the round end of a front door key. I haven't tried it, but a fellow shopper (whilst doing a weekly shop at Aldi) told me.

Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #233 on: 22 July, 2022, 02:15:01 pm »
Cash not ending in Irish banks.
Quote
AIB has said it has “decided not to proceed” with the proposed changes to its bank services that would have seen a further 70 branches no longer process cash.

In a statement this morning, the bank confirmed the U-turn in its policy.

The move was welcomed by Minister for Finance Paschal Donohoe.

“Banks have a key role in maintaining the flow of cash through the economy and ensuring appropriate access to retail banking services for all in society, including the vulnerable,” he said. “I note the significant public reaction to AIB’s announcement earlier this week, and I welcome the bank’s decision not to proceed with the proposed changes to customer services in certain branches.
https://www.irishtimes.com/business/financial-services/2022/07/22/aib-reverses-plan-to-make-70-banks-cashless-following-public-unease/
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.

Re: Is it the end of cash?
« Reply #234 on: 22 July, 2022, 02:40:56 pm »
A friend has stated that he believes cash is better because (among other reasons) "It is quicker and easier to pay friends or tradespeople with cash."

Right. Easier, sure, after you've executed the dance of 'who has any change for a 20?':

"I owe you £11.50, right? do you have change, I only have 20s?"
"Ah, you only have a fiver?, ok, I'll give you 20, you give me a fiver and you owe me £3.50 next time we meet and you have change."

Or you could just say "Paypal or bank transfer? Ok, I'll send you £11.50. There, done."

<i>Marmite slave</i>

Re: Is it the end of cash?
« Reply #235 on: 22 July, 2022, 04:50:40 pm »
My favourite local cafe are striving at the minute because folk want to buy their £2.95 chai latte with £20 notes.  The cost of change at the bank is, in their words, criminal.

A number of us regulars now take our jingling pockets of change when visiting.  Only this afternoon I was third in line with loose change for which they were very appreciative.

Re: Is it the end of cash?
« Reply #236 on: 22 July, 2022, 05:42:38 pm »
My favourite local cafe are striving at the minute because folk want to buy their £2.95 chai latte with £20 notes.  The cost of change at the bank is, in their words, criminal.

A number of us regulars now take our jingling pockets of change when visiting.  Only this afternoon I was third in line with loose change for which they were very appreciative.
They don't use contactless?

A SumUp terminal is cheap and easy to use.

If they want one, I think MrsC has a referral code that will get them a discount.
<i>Marmite slave</i>

Re: Is it the end of cash?
« Reply #237 on: 22 July, 2022, 06:11:50 pm »
They do use contactless but they also take cash.

quixoticgeek

  • Mostly Harmless
Re: Is it the end of cash?
« Reply #238 on: 08 August, 2022, 03:38:53 pm »

https://www.bbc.co.uk/news/business-62437819

Apparently as everyone is skint people are moving to doing more with cash.

I can understand that. When I was poor I used to take a single £10 or if lucky, £20 note to the supermarket with me so I didn't over spend.

It can be a double edged sword tho. Take £20 out the cash machine, spend only £13.12 of it, the rest can seem to just disappear into pockets, or a change jar, until such point as you raid said pot.

or if you have the ~£6 left over, but need to spend £8, you end up either getting another tenner out, or having to use card, and then still have the cash in your pocket.

J
--
Beer, bikes, and backpacking
http://b.42q.eu/

Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #239 on: 09 August, 2022, 09:17:22 am »
Quote
It is the highest amount since records began five years ago, and only the second time that personal cash withdrawals have exceeded £800m.
What they don't tell us is the number of different individuals withdrawing cash, or the number of separate withdrawals. The total amount is bound to rise as prices rise, even without more people preferring cash over cards. Although 20% increase is higher than inflation. But it does seem to be only referring to PO counters not banks' ATMs?
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.

Kim

  • Timelord
Re: Is it the end of cash?
« Reply #240 on: 09 August, 2022, 11:42:16 am »
They're abusing 'staycation' to mean 'holiday in the UK' again, which is a pet peeve.   >:(

I was wondering if there's a demographic skew of post office counter users.  Post office accounts always used to be for old people and as a way for those who can't get a real bank account (and likely perform most of their transactions in cash by default) to access welfare benefits etc.  But as banks close branches, the post office has taken up the slack for dealing with cash and cheques.

Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #241 on: 09 August, 2022, 12:00:21 pm »
POs are more numerous and more local than bank branches but still unevenly spread and can have odd opening hours. We have three within about half a mile. Two are open more or less normal working hours, one is closed Saturdays. The one that's closed Saturdays has no external ATM. Presumably it still does cash at the counter but that's no good if it's closed. Of the other two, one has an ATM outside, the other has two (2) ATMs, one inside and one outside!
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.

Re: Is it the end of cash?
« Reply #242 on: 09 August, 2022, 09:14:07 pm »
It's not at all clear exactly what they mean by "personal cash withdrawals". Probably not including ATMs, or businesses needing change for their tills? Post Offices serve a rather skewed demographic for cash - people on benefits, Ukranian refugee vouchers, old people who like to make cheques out to "self" and their bank branch has closed.

I was speaking to a civil servant last week who claimed that the Mint has been printing record amounts of banknotes, and most of them have been disappearing from circulation. People stuffing them under mattresses in fear of impending doom?
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Cudzoziemiec

  • Моя планета голубая, я люблю тебя и обнимаю
Re: Is it the end of cash?
« Reply #243 on: 10 August, 2022, 08:54:09 am »
I was speaking to a civil servant last week who claimed that the Mint has been printing record amounts of banknotes, and most of them have been disappearing from circulation. People stuffing them under mattresses in fear of impending doom?
Presumably inflation affects the black market too!
Riding a bike through a city is like navigating the collective neural pathways of a vast global mind.