- Joined
- Jan 10, 2015
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- 14,012
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- Location
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- Political Leaning
- Conservative
And being the maverick that I have always been, I'm going the other way.....cash, checks and my free money orders. My card transactions are very limited......and nothing online whatsoever.
Why?
.
And being the maverick that I have always been, I'm going the other way.....cash, checks and my free money orders. My card transactions are very limited......and nothing online whatsoever.
Britain has passed another milestone on the path to a cashless society, with 2015 the first year that cash was used for less than half of all payments by consumers.
Cash usage will be eclipsed by debit cards and contactless payments by 2021, according to Payments UK, which represents the major banks, building societies and payment providers.
Cashless Britain advances as contactless and debit cards thrive | Money | The Guardian
Cash is for drug dealers and prostitutes
Probably afraid of Identity theft. Which funny enough it is just as easy to pick up the RFID chip signal in debit cards with a cell phone app, as it is to commit check fraud. So just owning and carrying a debit card is riskier than shopping online and never taking the debit card outside of your house. Money Orders are checks with additional steps and anonymity and usually only accepted by criminals or utility companies. And Checks work like a debit card, in the Grocery store they run it through a machine and then hand you the check back. Which an identity thief can accomplish with a smart phone camera. Cash has downsides as well, the paper variety is a germ carrier and inflation has rendered coins valueless in practical terms. Plus it can be stolen.
It is all moot as all of your money, except cash and money orders, is insured up to 250,000 dollars. So don't have more than that in anyone account that can be accessed. Also remove any identifying or personal info from your social media. And change your typing style between websites, mess up your grammar so tracking software can't link your information together and build a password profile on you. The databases your information is stored on are super encrypted and usually hackers get in through studying the people, not breaking the code.
Let's hope that you never are in the situation that the government blocks your accounts by mistake.
And being the maverick that I have always been, I'm going the other way.....cash, checks and my free money orders. My card transactions are very limited......and nothing online whatsoever.
How does the government "block your account"?
By telling the bank to make no further transactions in the account.
What precipitated this?
You've talked about problems with your bank before. Don't you think maybe it's time to switch banks?
https://en.wikipedia.org/wiki/Credit_union
Time to provide credit at competitive rates. Banks hold assets, but so do credit unions, which are member owned.
What precipitated this?
You've talked about problems with your bank before. Don't you think maybe it's time to switch banks?
By telling the bank to make no further transactions in the account.
This happens a whole lot with Celebrity. I've got no ill will towards 'im, but sometimes he tends to not answer the question at all.How does this in any way, shape, or form, answer my question which was not even posed to you?
https://en.wikipedia.org/wiki/Credit_union
Time to provide credit at competitive rates. Banks hold assets, but so do credit unions, which are member owned.
Anything from suspicion of criminal activities to a dispute with the city you live in over a payment in connection with a house purchase. As the government has knowledge of all your accounts, you would be forced to maintain an illicit one in another name and possibly other country. In any event, you would be out of money for as long as it takes to sort out the problem with a bureaucrat that might not be very interested. No dinner, when the freezer is empty.
Let's hope that you never are in the situation that the government blocks your accounts by mistake.
This happens a whole lot with Celebrity. I've got no ill will towards 'im, but sometimes he tends to not answer the question at all.
That's fine. Just I sometimes have a hard time fully comprehending your posts.I can't answer personal questions for other people. Just my two cents. Talking about changing banks in a thread about cash payment? That's big leap, even though it might not seem like one.
Anything from suspicion of criminal activities to a dispute with the city you live in over a payment in connection with a house purchase. As the government has knowledge of all your accounts, you would be forced to maintain an illicit one in another name and possibly other country. In any event, you would be out of money for as long as it takes to sort out the problem with a bureaucrat that might not be very interested. No dinner, when the freezer is empty.
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