Paid in cash

[eggopp]

Can you imagine the loss banks would have if everyone had to go back to there employers and say they wanted cash payments? I remember my very first job aged 16, getting cash in hand.. then oining the Army and being paid cash in hand at the start of my army life.. Oh how times have chnaged, now we are forced to have pay placed into bank accounts and until now, allow banks to charge us...

 

Ahh just a simple thought, bet the banks would beg for our business again :grin:

[Guest NATTIE]

yes i can imagine, no banks would not beg

[Guest ian cognito]

Thinking back (with difficulty) it was probably the competition brought about by this change of salary payments that brought about free banking in the first place, I paid charges for my banking when I first started work but then most people were paid by cash. Once salaries started being paid into accounts, it was worth banks dropping their fees to gain business.

 

Funnily enough, my son has a part time pizza delivery job and they have just reverted to paying salaries in cash (but once a fortnight), i'd be quite happy to return to having this type of control over my money.

 

And yes Natty - the banks would beg.

[Guest NATTIE]

Nah they won't. just restrict the supply of cash:D (allegedly)

[indebtstudent]

There are pros and cons to cash, it would mean higher costs for companies and they would have to cover this increase somehow.

 

I can understan where you are coming from though, and sadly it seems mainly the older generation that deal exculsively in cash. It scares me to think of a world without cash...

[MR ROB]

I could just imagine picking up my months pay in cash. I'd go straight to the pub friday after work and wake up monday morning feeling like sh!te warmed up and having nothing but a pocket full of shrapnel...

[eggopp]

I could just imagine picking up my months pay in cash. I'd go straight to the pub friday after work and wake up monday morning feeling like sh!te warmed up and having nothing but a pocket full of shrapnel...

 

Haha me too!!

[rippedoffagain]

If you don't use it you will lose it. "Cash" I mean. I hope I never see the day that we become a cashless society.

 

Once read an essay about that. Guy got a parking ticket or something, and mistakenly didn't pay it, some nice young person hit the default button, and all his cards were frozen.

[Esio Trot]

Funnily enough, my son has a part time pizza delivery job and they have just reverted to paying salaries in cash (but once a fortnight), i'd be quite happy to return to having this type of control over my money.

 

It probably saves them money. If they pay it as cash to staff, they haven't got to pay it into the bank.

 

Most banks charge businesses 60p to 70p for every £100 cash paid in. A normal sized fast food operation will often take in at least £30,000 cash a week - paying this in will cause a charge to the business of around £200 a week.

 

If you are ever able to go to a large cash and carry, observe the cashiers and customers. You will find that most corner shops will pay for their purchases by cash - that way they avoid the large charges for paying in cash.

[Lollipop123]

I could just imagine picking up my months pay in cash. I'd go straight to the pub friday after work and wake up monday morning feeling like sh!te warmed up and having nothing but a pocket full of shrapnel...

 

Funny you should say that,....

 

My Grandad used to work at a brewery up the road from me. Every Friday, my nan and all the other Wives would be standing outside the gates at their finishing time, take their pay packet and hand them back their weeks spends...

 

If we got paid in cash now a days, i wonder how many wives (and hubby's etc) would be doing the same!

[jackdaniels101]

I think we should have the option to be given OUR money in an envelope at the end of the week/month. We are forced to use banks because big companies are being forced to use the BACS system, fair enough its easier in the fact that you wont have 1000 + employees queing at the end of the month for their wage packet but at the end of the day it should be up to us - maybe a lot of people will stay with the BACS system cause its right for them, but not for other people.

[Louiselouise]

We are on disability - husband registered permanently disabled for life now - sadly - but we are now getting our monies paid by the old fashioned Giro way - at least we now have control over what we do with our money and can pay everything on a weekly basis rather than monthly on direct debits. We asked to change to this after Nat West left us with absolutely no money at all one week- after taking their charges following a £3.30 error. We (and children) lived on toast and frosties for a week - when I spoke to the Benefits Office - she said that they are inundated with calls from people experiencing the same. She advised me to contact Nat West and ask them for our money under the Social Security Right of Appropriation Act 1992 When I spoke to Nat West re this - they told me they had never heard of it and even if they had - their hands were tied!

[Guest Niklowe]

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/42170-right-appropriation-stop-bank.html

[Louiselouise]

Very many thanks for this link - greatly appreciated - printing shortly!!!!

[Guest NATTIE]

cathy i would say if natwest have said this then they are talking out of their hat, i know from personal experience being told that getting benefit while still over the limit is the law. Now the bank may not understand the specific law, but pop into your local natwest and ask to withdraw ALL of your benefit, regardless whether it is available or not and simply state that the bank cannot take your benefit from you. They can charge you but you know what to do about the charges by now. If you still have problems post on here. I KNOW you WILL get the money tomorrow. If branch staff say NO ask them to contact their lending centre and they will tell them that they cannot take your benefit.

[Guest ian cognito]

Well done Natty, we all know ignorance is no defence of the law and bank workers at 'shop floor' level appear to suffering from mushroom syndrome in banks all over the country.

 

Being able to go into a branch equipped with the very best of advice on how to deal with their off the shelf answers makes all the difference, particularly if you can do so calmly and with confidence.

 

This is not a dig at bank workers, most of us are aware they are only following instructions - no matter how misinformed those instructions may be.