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Debit Cards....
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By *emmefatale OP Woman
over a year ago
dirtybigbadsgirlville |
So Lloyds are the latest to have problems with debit/credit cards, whilst HSBC are limiting the amount of cash people can withdraw.
I am beginning to think my money isn't my own.
Maybe under the mattress isn't such a bad place afterall.
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By (user no longer on site)
over a year ago
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what i get frustrated about with debit cards is that if i buy an item from a shop they take my cash instantly.. if i return an item i have to put in my card, re type my number into the machine yet it still takes 3-5 days to be transferred back to me 
Sorry i know was off topic |
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By (user no longer on site)
over a year ago
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I always keep about sixty pounds in my house and about forty pounds in the back of my wallet as I always worry about not having any money.
As the bank problems are becoming more frequent I might up the amount of emergency cash I keep. |
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By (user no longer on site)
over a year ago
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When I was with Lloyds I had a problem with my debit card, it would just reject me in certain shops so since then I try to use cash where possible. Despite changing my bank x |
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By *emmefatale OP Woman
over a year ago
dirtybigbadsgirlville |
"Lloyds already limit how much I can take out. Apparently I'm supposed to put some into the account first or something "
It does help I spose 
As for crediting account from returned goods, I think it depends on the company, I have sometimes only had to wait 24 hours. |
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By *emmefatale OP Woman
over a year ago
dirtybigbadsgirlville |
"
As the bank problems are becoming more frequent I might up the amount of emergency cash I keep."
I think over the last few months with the amount of problems that have come to light, I am tending to do the same.  |
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By *emmefatale OP Woman
over a year ago
dirtybigbadsgirlville |
"saw it on the news last night ,one girls couldnt pay for her petrol and her mum had to come and help her out ,so god help me if it ever happens with my card as ive no one to come to my aid x  "
Maybe keep some cash on you, tucked away? |
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By (user no longer on site)
over a year ago
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I've had my card rejected a few times recently and it's so embarrassing. I feel as if I have to explain loudly to everyone within earshot that I DO have money in my account  |
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By (user no longer on site)
over a year ago
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I stopped banking with the co-op the 3rd time their systems crashed. the worst instance left me stranded in central London at 1 in the morning and they were down for several hours! The other times were quite short term issues but unless I was particularly unlucky I refuse to believe that was the only time and suspect intermittent crashes were quite common.
It is worrying that there is little that you can do when their systems crash. |
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By (user no longer on site)
over a year ago
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"
As the bank problems are becoming more frequent I might up the amount of emergency cash I keep.I think over the last few months with the amount of problems that have come to light, I am tending to do the same. "
Snap. |
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By *emmefatale OP Woman
over a year ago
dirtybigbadsgirlville |
"I stopped banking with the co-op the 3rd time their systems crashed. the worst instance left me stranded in central London at 1 in the morning and they were down for several hours! The other times were quite short term issues but unless I was particularly unlucky I refuse to believe that was the only time and suspect intermittent crashes were quite common.
It is worrying that there is little that you can do when their systems crash. "
See that's what I mean, its scary that we rely on these systems so much, yeah they are great when everything is tickety boo, but to be stranded or without fuel, or food must be horrible. |
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By (user no longer on site)
over a year ago
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It's ridiculous I have using cards to pay for anything I just don't trust them, easily copied easily frauded, or just simply stop working, cash all the way for me, haven't even buy things on line I would rather pay more and buy from a shop with people and pay cash,
I have that we are stuck with our money in banks, when I first started work everyone I knew got paid cash money on a Friday, now it's all bacs straight into your account we have no control over our own money |
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By (user no longer on site)
over a year ago
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"It's ridiculous I have using cards to pay for anything I just don't trust them, easily copied easily frauded, or just simply stop working, cash all the way for me, haven't even buy things on line I would rather pay more and buy from a shop with people and pay cash,
I have that we are stuck with our money in banks, when I first started work everyone I knew got paid cash money on a Friday, now it's all bacs straight into your account we have no control over our own money"
stupid auto carrot, that should read hate instead of have |
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By (user no longer on site)
over a year ago
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"saw it on the news last night ,one girls couldnt pay for her petrol and her mum had to come and help her out ,so god help me if it ever happens with my card as ive no one to come to my aid x "
I bet lots would cum for you ??
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By (user no longer on site)
over a year ago
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i was out of petrol when Natwest had one of their blips (unaware at the time) filled up my car with petrol and felt totally embarrassed when i couldnt pay, luckily my grandma was in the shop buying a few drinks and came to my rescue
Never felt so bad |
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By *nnyMan
over a year ago
Glasgow |
"It's ridiculous I have using cards to pay for anything I just don't trust them, easily copied easily frauded, or just simply stop working, cash all the way for me, haven't even buy things on line I would rather pay more and buy from a shop with people and pay cash,
I have that we are stuck with our money in banks, when I first started work everyone I knew got paid cash money on a Friday, now it's all bacs straight into your account we have no control over our own money"
Paying wages via the bank has led to a huge reduction in 'wages jobs'. |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
Yet we are being pushed more and more to using cards with the introduction of contactless systems for smaller transactions.
I carry two cards from different banks and a small amount of cash just in case.
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By *ee VianteWoman
over a year ago
Somewhere in North Norfolk |
".....
I carry two cards from different banks and a small amount of cash just in case.
A solution which seems far too sensible for most folk."
Not too sensible, just needing more organisation than I'm currently capable of. |
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By (user no longer on site)
over a year ago
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i hate debit cards.
it was supposed to make transactions quicker than cash, but it doesnt, nowhere near.
after you have waited to put the card in
wait for it to be authorised
put your number in
wait for it to be checked
removed the card
wait for a receipt
i could have paid 3 times over with cash.
and those that ask for money back when there is a cashpoint out the front of the shop, well thats just fooking annoying!!! |
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By (user no longer on site)
over a year ago
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The problem with cash is it doesn't stay in my purse for long. Always someone asking if I have a score or a pound or two for school or football fees etc |
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By *nnyMan
over a year ago
Glasgow |
"..........
and those that ask for money back when there is a cashpoint out the front of the shop, well thats just fooking annoying!!!"
Until recently I didn't know cash back still existed.
I try really hard not to use money machines outside shops, garages etc. Theyre much more likely to have been fucked about with than those inside a bank branch - if you can get to one. |
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"..........
and those that ask for money back when there is a cashpoint out the front of the shop, well thats just fooking annoying!!!
Until recently I didn't know cash back still existed.
I try really hard not to use money machines outside shops, garages etc. Theyre much more likely to have been fucked about with than those inside a bank branch - if you can get to one."
Not sure why (I could Google I guess) but I was told a while back by a checkout operator that they had been told not to offer cashback - the customer has to ask. Since then I've noticed this is the case in more than one chain, so presumably it's a banking thing. I guess the banks realised that people using cashback were avoiding the ads on the cashpoints. |
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By *nnyMan
over a year ago
Glasgow |
I had assumed, without any evidence, that cash back was a way of reducing the amount of cash in the till or in the branch and this the amount being carried around in transit. G4S etc charge, or used to, by the amount of cash being money. |
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By (user no longer on site)
over a year ago
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"what i get frustrated about with debit cards is that if i buy an item from a shop they take my cash instantly.. if i return an item i have to put in my card, re type my number into the machine yet it still takes 3-5 days to be transferred back to me
Sorry i know was off topic "
It works both ways in effect. I run a small business that takes credit and debit cards. The money is instantly taken out of your account the moment the pin has been accepted just like at a cash point, however it can take anything between next working day and 5 working days for it to be credited to our business account depending on which card terminal I have and which bank I bank with. Your right in saying the same happens for refunds but depending which company you use the credit only starts to happen when the company activates it, for example my partner returned stuff to Love Honey and it was several weeks before the money was returned to her account. Ofcourse the money is removed from the business account as soon as the transactions are recieved by the bank, in this case the next working day.
As is the case with cheques, the money just sits in the banks system making money for them while the computers work at super slow speed.
Its why we now get most of our business customers to pay by bank transfer as the funds arrive almost immediatly.
Jet |
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once you give the money to the bank it is no longer yours.
And yes the bank will take your savings if they need to.
Sadly everyone was forced to have banks because of BACS etc.
ideally I would keep about a months survival money in cash, just in case.
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I don't use a debit card, I prefer to use cash.
If I make internet purchases I use a pre paid credit card which I charge with money when I need it, you can only spend what's on there and if anyone tried to clone it they'd only get a couple of quid for their trouble! The one I use is an Escape Card and it's a MasterCard. |
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By (user no longer on site)
over a year ago
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One of the banks has recently had a bad PR story about how they refused to let customers make sizeable withdrawals (a few thousand pounds), until the customers told them what it was for.
It was HSBC I think.
So people are trying to take out their own money and HSBC were saying "not till you tell us what you want it for"
The customers had all called in advance to let the bank know they were going to take out a large amount, the bank said "no problem", then when the customers got to the bank some officious arse said "what do you want it for"
The bank claimed it was to prevent money laundering. The press said "bollocks, you are just trying to prevent customers withdrawing funds, so you ask what they want it for and then suggest an alternative to withdrawing the money"
The story hit the press and HSBC rapidly revised it's policy
Funny that |
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i had a deal with someone once . they paid me by BACS ... six months later i get a phone call from the same people ..they had paid me 3500 by mistake ... so i had a nice easy day refunding them ... less my days work of course |
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By (user no longer on site)
over a year ago
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"what i get frustrated about with debit cards is that if i buy an item from a shop they take my cash instantly.. if i return an item i have to put in my card, re type my number into the machine yet it still takes 3-5 days to be transferred back to me
Sorry i know was off topic
It works both ways in effect. I run a small business that takes credit and debit cards. The money is instantly taken out of your account the moment the pin has been accepted just like at a cash point, however it can take anything between next working day and 5 working days for it to be credited to our business account depending on which card terminal I have and which bank I bank with. Your right in saying the same happens for refunds but depending which company you use the credit only starts to happen when the company activates it, for example my partner returned stuff to Love Honey and it was several weeks before the money was returned to her account. Ofcourse the money is removed from the business account as soon as the transactions are recieved by the bank, in this case the next working day.
As is the case with cheques, the money just sits in the banks system making money for them while the computers work at super slow speed.
Its why we now get most of our business customers to pay by bank transfer as the funds arrive almost immediatly.
Jet"
we used to use the bank transfer way from our business account, I am now told it will cost £5 every time we transfer money!!!!
from our personal account it is free  |
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By (user no longer on site)
over a year ago
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My dealer, the hookers in town, and they guy who gets me my car stereos have yet to enter the digital age so I need a few ponies in my pocket on a Friday night  |
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"One of the banks has recently had a bad PR story about how they refused to let customers make sizeable withdrawals (a few thousand pounds), until the customers told them what it was for.
It was HSBC I think.
So people are trying to take out their own money and HSBC were saying "not till you tell us what you want it for"
The customers had all called in advance to let the bank know they were going to take out a large amount, the bank said "no problem", then when the customers got to the bank some officious arse said "what do you want it for"
The bank claimed it was to prevent money laundering. The press said "bollocks, you are just trying to prevent customers withdrawing funds, so you ask what they want it for and then suggest an alternative to withdrawing the money"
The story hit the press and HSBC rapidly revised it's policy
Funny that"
rumours are HSBC is effectively bankrupt. If you google "HSBC insolvent" you can find some chatter about it .... |
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