Barclays to stop over the counter cash withdrawals at Post Offices

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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by AAAlphaThunder » Wed Oct 09, 2019 4:25 am

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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by pabenny » Wed Oct 09, 2019 8:13 am

No loss to me. I've never withdrawn cash over the counter at a Post Office.
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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by blythburgh » Wed Oct 09, 2019 10:55 am

pabenny wrote:
Wed Oct 09, 2019 8:13 am
No loss to me. I've never withdrawn cash over the counter at a Post Office.
If you only have access to a Post Office or a cash machine that charges then this could be bad news. They say they will off cashback at certain shops but will they be in the places where people use this facility? Smaller shops often struggle with change. I get 8 £5 notes out of the bank when I am passing during the week and when I go to the corner shop on a Saturday I exchange them for 2 £20 ones. I do this because the student who worked there at the weekend said she got so many complaints from customers at the change they got. They have been to an ATM machine and of course they give out mainly £20 notes. And if the owner withdraws some cash from the bank when he pays in then that will add to the amount he pays for his business account.
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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by pabenny » Wed Oct 09, 2019 12:17 pm

blythburgh wrote:
Wed Oct 09, 2019 10:55 am
If you only have access to a Post Office or a cash machine that charges then this could be bad news. They say they will off cashback at certain shops but will they be in the places where people use this facility? Smaller shops often struggle with change ..
By that rationale, we'd still insist that farriers and feed merchants stayed open in every village because some people still got around on horses.

People expect cash to be free - but overlook the costs of handling it - businesses need to keep it in a safe place and may require security firms to carry it around, it needs to be counted. If it's stolen it's completely untraceable, and illicit transactions can remain hidden.

Hardly anyone *needs* to use cash. If anything, we should be helping those who struggle to make the transition away from cash rather than subsidising something that is outdated.

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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by pakefield » Wed Oct 09, 2019 8:10 pm

Cash can be king if you are not good at managing your money. According to the experts paying over cold hard cash makes you think harder about your spending than using a card or phone to pay.

i use a debit card a lot because I am good at managing money, always have been. I remember leaving a ship once with cash in my pocket and in my bank account at the end of the trip. A shipmate left with nothing but a transistor radio. Admittedly they cost a helluva lot of money in those days and he was a happy man.
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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by AAAlphaThunder » Wed Oct 09, 2019 9:42 pm

Good while it lasted.
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Re: Barclays to stop over the counter cash withdrawals at Post Offices

Post by expressman33 » Wed Oct 09, 2019 10:53 pm

pabenny wrote:
Wed Oct 09, 2019 12:17 pm

By that rationale, we'd still insist that farriers and feed merchants stayed open in every village because some people still got around on horses.

People expect cash to be free - but overlook the costs of handling it - businesses need to keep it in a safe place and may require security firms to carry it around, it needs to be counted. If it's stolen it's completely untraceable, and illicit transactions can remain hidden.

Hardly anyone *needs* to use cash. If anything, we should be helping those who struggle to make the transition away from cash rather than subsidising something that is outdated.
Workers used to to get paid in cash but now most are paid by bank transfer , so if you want cash and there are no local free to use cash machines ,you either have to pay to receive your wages or go a bank or travel to find a cash machine that doesn't incur charges .Also some older people don't trust cash machines or are scared to use them.
Also most current accounts pay a pittance in interest so the banks are making money from our cash
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