Banking - back to the dark ages
I'm mystified. 30 years ago, when I opened my first bank account, cheques took 4 working days to clear. In those bygone, steam operated days there were no faxes, no on-line accounts, no e-mails, no networked computers, no ATM's, no PIN's, no debit cards, no BACs etc. Now we are in the computer age, if I so desire I can look up my account on-line or at a hole-in-the-wall, everyone wants me to pay by Direct Debit (what was wrong with Standing Orders, they feel much safer) but it still takes 4 days to clear a cheque. Why? Could it be that there is some percuniary advantage to the banks? It's certainly of no advantage to me. Why aren't we all rebelling? If we all got together and removed all our monies from the money establishments for 1 day we could bring them to their knees, come on let's do it. I know some of you may worry about the safety of your money for those 24 hours, it's okay, I'll look after it for you. Under my mattress is really safe. Seriously though, any answers out there?
Sunday night, and Jack looking tired 'cos it's way past his bedtime.
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(15.12.04 19:52) I know what you mean, a friend paid me for work done by cheque, the money was taken out of his account the same day I presented the cheque, it took four days to appear in my account...... that's four days of interest on MY money the bank made.... all for doing nothing !! |
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(15.12.04 20:58) Chippy - Perhaps we should all start doing something really odd, use cash. I think we would all be loads more careful about money if we did, you could see how much you really had to spend. |
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(15.12.04 23:18) What a good idea, a few years ago my bank practically insisted I had a credit card, they were most upset when I refused, I have a debit card and thats all, mostly I use cash.... easier and safer I think.... |
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(16.12.04 00:09) What's money? I never see mine! It gets paid in on the 25th and by the 26th its all gone again. |
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(16.12.04 08:55) cash cash cash, cash. |
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(16.12.04 15:52) I would go along with your cunning plan except for the fact that Matilda has already withdrawn all of *our* cash from the bank and is now in the process of withdrawing all of the bank's money too. :-) |
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(16.12.04 21:00) Lol Ian, I always thought that was why women were invented..... |
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(16.12.04 21:11) What annoys me is these high interest accounts where you have to pay a for the privelage of drawing your money out without notice!! They are using your cash to invest and make masses of profit. How dare they! tsk!! |
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(17.12.04 17:41) Banks...grrrr. By the way - nice picture of Jack. |