What is it with young people and cash?

[Armitage.Shanks]

Thankyou4calling said:

I visit Kenya a lot, they have a system called M-Pesa, everybody has it.

That's an improvement as I recall the last time I was there the paper money used to stink rotten.

[PH User]

anonymous said:

[redacted]

I'm not sure why anyone would like cheques, they were a pain when common and are even more of a pain now!

[LetsTryAgain]

Armitage.Shanks said:

The paper money used to stink rotten.

Much like the rest of the country.

[Nickbrapp]

craigjm said:

Thank god for that. I hate cheques and certainly wouldn’t make a special journey to the bank to pay them in. Makes you realise how 25 years ago we were making loads of pointless journeys for stuff we can do much easier now

People certainly still go to the bank for something to do, I work in several high street ones and it’s always people getting cash out, paying in cash or a cheque, or doing stuff that really could be done on line. One old lady was transferring £1000 from one isa to another to get a 0.1% higher intrest rate

I wonder how long it would take the earn back in intrest what she had paid to park, and the fuel to get there

[PF62]

Nickbrapp said:

People certainly still go to the bank for something to do, I work in several high street ones and it’s always people getting cash out, paying in cash or a cheque, or doing stuff that really could be done on line. One old lady was transferring £1000 from one isa to another to get a 0.1% higher intrest rate

I wonder how long it would take the earn back in intrest what she had paid to park, and the fuel to get there

But as you said at the start, it was something for her to do and someone to talk to.

Anyway, cash - for old people who just don't get it, poor people who can't trust themselves with cards (or can't get one), tax evaders who don't want to be tracked, people buying dubious services or goods who don't want to be tracked, the paranoid, and show offs.

[anonymous-user]

It was a joy when Android went wonky overnight/ this morning and the RBS/Nat West app went wonky as well as Amazon prime etc after some update

Did it impact anyone greatly ?

[Xenoous]

I'm bad for this. I used to always carry cash, but I barely ever do now. Come to think of it, that's only because my local at the time didn't accept cards. Oh well!

[anonymous-user]

In the last few years the only time I can recall using cash is to pay for the hand carwash. Interesting that they still only want cash.....

Even my children don't want it, they end up giving me all their birthday money and I transfer it to their bank account from my account. I then pay the cash into my bank account using one of the cash machines.

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

[Funk]

speedyguy said:

It was a joy when Android went wonky overnight/ this morning and the RBS/Nat West app went wonky as well as Amazon prime etc after some update

Did it impact anyone greatly ?

Not particularly...Google patched it really quickly and if you couldn't get the Android System WebView update from Google, the fix for other devices was to uninstall updates temporarily which resolved it until the device manufacturer issues their version of the patched update.

[Zoon]

Joey Deacon said:

In the last few years the only time I can recall using cash is to pay for the hand carwash. Interesting that they still only want cash.....

Even my children don't want it, they end up giving me all their birthday money and I transfer it to their bank account from my account. I then pay the cash into my bank account using one of the cash machines.

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

Very true, I really don't see the point of cash now. It's had it's day.

[The Moose]

Joey Deacon said:

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

Not at all - I prefer cash and will continue to use cash as frequently as I can. I also pay every penny of tax that I am required to pay.

It’s also quite handy in a disaster scenario - there weren’t many people taking cards after a rather large hurricane came through...

[TREMAiNE]

I'm 28.

Haven't carried cash for 4 or 5 years, ever since contactless became a thing.

Day-to-day, I don't even carry my card very often now that smartphones have contactless payment capabilities.

It's extremely rare that I need to spend more than £45 in one go. If I'm spending that much (or more) I'm either buying petrol (where I plan ahead when I'll fill up and take my card with me), or shopping online where I obviously don't need cash.

It's very rare that I wish I had cash on me. It's only really if I get a takeaway, I feel bad that I can't give the driver a few quid as a tip.


I love not having to carry a wallet around and can just use my phone for everything. It's very convenient.

Edited by TREMAiNE on Wednesday 24th March 11:39

[Cotty]

The Moose said:

Joey Deacon said:

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

Not at all - I prefer cash and will continue to use cash as frequently as I can. I also pay every penny of tax that I am required to pay.

It’s also quite handy in a disaster scenario - there weren’t many people taking cards after a rather large hurricane came through...

But you are in America. I understand they are quite behind in switching to contactless and card paryments. It might be different in a few years, we have places in the UK that are actually refusing to take cash.

[RizzoTheRat]

TREMAiNE said:

I'm 28.
Day-to-day, I don't even carry my card very often now that smartphones have contactless payment capabilities.

It's extremely rare that I need to spend more than £45 in one go. If I'm spending that much (or more) I'm either buying petrol (where I plan ahead when I'll fill up and take my card with me), or shopping online where I obviously don't need cash.

Is the £45 limit the android/apple pay limit or retailers? No idea what the limit on Garmin Pay is, I've used for more than £200 before, but it was annoying some time back to discover that Tesco have thier own limit and I had to put my shopping through in 2 batches!

[itlab]

I’ve heard The limit on Apple Pay is £10000

And I’ve spend hundreds on it in one go.(even the lady on the till didn’t expect it to work)

But some places still treat it as contactless and and apply the £45 limit (dispite the additional thumbprint/face/pin security)

[alorotom]

The Moose said:

Joey Deacon said:

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

It’s also quite handy in a disaster scenario - there weren’t many people taking cards after a rather large hurricane came through...

Well you say that but throughout and after Irma (albeit what 3-4yrs ago) we were in Florida and the places without electricity were accepting neither card or cash and those with electricity were accepting both.

[Funk]

RizzoTheRat said:

TREMAiNE said:

I'm 28.
Day-to-day, I don't even carry my card very often now that smartphones have contactless payment capabilities.

It's extremely rare that I need to spend more than £45 in one go. If I'm spending that much (or more) I'm either buying petrol (where I plan ahead when I'll fill up and take my card with me), or shopping online where I obviously don't need cash.

Is the £45 limit the android/apple pay limit or retailers? No idea what the limit on Garmin Pay is, I've used for more than £200 before, but it was annoying some time back to discover that Tesco have their own limit and I had to put my shopping through in 2 batches!

Google Pay is limited to £45 with the device locked, unlimited with it unlocked. If there IS a limit where you're shopping, that's to do with the retailer rather than Google Pay itself. I've paid for over £100-worth of shopping at Tesco in one go with my phone without issue.

Edit: Seems Tesco choose to limit it to £250:



I guess not many people using contactless try to spend over £250 a single shopping trip and they're just being cautious.

Edited by Funk on Wednesday 24th March 12:52

[The Moose]

Cotty said:

The Moose said:

Joey Deacon said:

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

Not at all - I prefer cash and will continue to use cash as frequently as I can. I also pay every penny of tax that I am required to pay.

It’s also quite handy in a disaster scenario - there weren’t many people taking cards after a rather large hurricane came through...

But you are in America. I understand they are quite behind in switching to contactless and card paryments. It might be different in a few years, we have places in the UK that are actually refusing to take cash.

Card payments have been everywhere for a long time. Not chip and pin but swipe. Contactless is now available in most places I go - even gas stations.

[The Moose]

alorotom said:

The Moose said:

Joey Deacon said:

As has been said, the only people who want to continue with cash is those who want to avoid paying tax on their money.

It’s also quite handy in a disaster scenario - there weren’t many people taking cards after a rather large hurricane came through...

Well you say that but throughout and after Irma (albeit what 3-4yrs ago) we were in Florida and the places without electricity were accepting neither card or cash and those with electricity were accepting both.

That's not my experience!

I lived (and still do) on a barrier island where Irma hit as a high Cat 3/low Cat 4 in Florida and people/places without electricity were accepting cash. Places with generators and therefore power were about a 50-50 split of accepting cards and cash or just cash.

[AngryPartsBloke]

Now there's solutions available other than a traditional machine from worldpay etc. I can't remember a time in the last few years where I have been somewhere that only takes cash.