When was the last time you used a (UK) cashpoint?
Discussion
Just realised that the last time I used a cashpoint was March 2020, so over 2.5 years.
Just to be transparent, I did sell a car in June 2020 for around £2k and the buyer insisted on paying cash.
I have roughly half left, so in 2 years have spent around 1k, but over half of that was given to relatives as spending money while they looked after our children for a week (would normally have done a bank transfer) and another £300 was acting as a cash machine for some friend who live abroad and were struggling to get money out of our local cashpoint.
So in over 2.5 years I’ve actually struggled to spend more than £500 in cash. The only time I’ve used it are local funfairs with the kids.
Are the days of cash numbered?
Just to be transparent, I did sell a car in June 2020 for around £2k and the buyer insisted on paying cash.
I have roughly half left, so in 2 years have spent around 1k, but over half of that was given to relatives as spending money while they looked after our children for a week (would normally have done a bank transfer) and another £300 was acting as a cash machine for some friend who live abroad and were struggling to get money out of our local cashpoint.
So in over 2.5 years I’ve actually struggled to spend more than £500 in cash. The only time I’ve used it are local funfairs with the kids.
Are the days of cash numbered?
Yesterday and today.
However, it’s usually once a month and always have to withdraw more than the machine will permit (stand there shoving the card back in). It’s all to pay for my daughter’s dance school tuition fees and competition entries (draw your own conclusions on how they manage their relationships with HMRC).
Generally I use only my phone and have to be deliberate about leaving the house with a wallet.
However, it’s usually once a month and always have to withdraw more than the machine will permit (stand there shoving the card back in). It’s all to pay for my daughter’s dance school tuition fees and competition entries (draw your own conclusions on how they manage their relationships with HMRC).
Generally I use only my phone and have to be deliberate about leaving the house with a wallet.
Haven’t used one for weeks, possibly months, but actually used one this evening as I needed cash so I could buy a takeaway. The decent Chinese takeaways near me still seem to have ‘cash only’ signs all over the counter….
On the whole I find cash an inconvenience and would happily never use it again.
I even try to avoid it when buying/selling the odd item on facebook marketplace. If someone comes to buy something I ask them to pay me by PayPal or their banking app on their phone, and same applies when I buy something. I find most people are happy to accept PayPal or transfer. I think I’ve only had one person in the last 2 or 3 years who just wanted cash.
On the whole I find cash an inconvenience and would happily never use it again.
I even try to avoid it when buying/selling the odd item on facebook marketplace. If someone comes to buy something I ask them to pay me by PayPal or their banking app on their phone, and same applies when I buy something. I find most people are happy to accept PayPal or transfer. I think I’ve only had one person in the last 2 or 3 years who just wanted cash.
Several years. Certainly before COVID, and at least a couple of years before that. Thinking seriously hard about it, I've not used cash at all in a few years, not had cash back since 2006.
I can remember putting some birthday cash into the bank three or four years ago because I wouldn't use it otherwise....
Technically, the last time I used a UK cash point would have been early 2006.
I can remember putting some birthday cash into the bank three or four years ago because I wouldn't use it otherwise....
Technically, the last time I used a UK cash point would have been early 2006.
As above, literally only haircuts and Chinese takeaways.
I’m happy to never use cash again, but there are swathes of society who see a cashless future as a risk, be it from the inability to get a bank account (and thus unable to live life) through to flat out illegal practices.
There would be riots if HMRC mandated cashless payments for building trades and takeaways
I’m happy to never use cash again, but there are swathes of society who see a cashless future as a risk, be it from the inability to get a bank account (and thus unable to live life) through to flat out illegal practices.
There would be riots if HMRC mandated cashless payments for building trades and takeaways
I hadn't used a cashpoint in probably a year, but then I used one on Friday due to a Chinese takeaway having a big hand written "CASH ONLY" sign. Totally declaring all their cash for tax and totally not money laundering, honest.
It was actually handy because the next day we went to a very local Christmas fete for very local people (we were not) and unsurprisingly the school bake sale table and the raffle were cash only too.
Cash is a bit niche now, even churches have a contactless widget for the collection now.
It was actually handy because the next day we went to a very local Christmas fete for very local people (we were not) and unsurprisingly the school bake sale table and the raffle were cash only too.
Cash is a bit niche now, even churches have a contactless widget for the collection now.
The push to cashless payment has been one of the stealth driving-forces of inflation. There's a seller's fee for card/contactless that makes very small purchases loss-making for outlets so they either have to state a minimum amount for e-payment or they distribute the cost over other items/purchases to cover the losses.
We want the convenience but them moan about the cost!
We want the convenience but them moan about the cost!
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