03-07-2013, 04:14 PM
12
Re: The End of Free Banking?
I do not intend to pay a fee for daily banking. At the moment the bank pays us £5. per month. I would not use my credit card if I had to pay anything for having one. If a charge is applied to debit cards, I would go back to using cash as far as I could - Although I wonder if it would be possible to use only cash these days. We have all been encouraged to use debit cards for just about everything we buy. When you consider how much the banks benefit from us using their banks, I hope the debit card will be left as it is.03-07-2013, 08:52 PM
13
Re: The End of Free Banking?
Originally Posted by Jem
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There has been a tax on bank cards over here for years, I never use them but the last I heard it was 50 euros a year, probably more now. We also have the highest rate of VAT in Europe.I never have any dealings with banks, I use cash and the post office for larger transactions. The wife uses the bank and is always complaining about it, but you pay your money and make your choice.
Alas, Ireland has not had free banking for decades...
03-07-2013, 08:56 PM
14
Re: The End of Free Banking?
Also, in some cases it is impossible to access certain services without a credit card eg car rental in some places. It seems the financial sector have spent years getting us all to use plastic and now that it has become a way of life for many they are going to have to pay even more for it.
04-07-2013, 11:00 AM
16
Re: The End of Free Banking?
Originally Posted by Julie1962
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I think I would start using cash again, they stopped me using cheques and insisted debit cards were to be used, if they now charge I will simply stop using them.
You will still pay the companies for using your cards but banks will also be charging (if I've understood it correctly).
04-07-2013, 11:04 AM
17
Re: The End of Free Banking?
Originally Posted by orangutan
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Also, in some cases it is impossible to access certain services without a credit card eg car rental in some places. It seems the financial sector have spent years getting us all to use plastic and now that it has become a way of life for many they are going to have to pay even more for it.
Given how much the banks make out of our money, I see no reason for them to charge anything at all.
I would withdraw the lot and buy a couple of Dobermans to guard it all
04-07-2013, 11:13 AM
18
Re: The End of Free Banking?
I used to pay my cable TV bill monthly bang on time at the post office, I was charged an extra 3 euros per transaction by the cable company for not paying it direct debit, bloody blackmail I call it, forcing you to use the banks, so I give the cash to the wife and she now pays it direct debit.
04-07-2013, 01:28 PM
19
Re: The End of Free Banking?
All this talk of gold reminds me of a story about a man who managed to sneak some gold bars into heaven with him when he passed on.Far from being chided by St Peter at the pearly gates he received genuine concern that he had gone to so much trouble to smuggle some "pavement" in.
The streets & pavements built with it dont'cha know.
04-07-2013, 06:55 PM
20
Re: The End of Free Banking?
I don't want to have to pay for banking or cards either, although I know it is standard in other countries.I would have to rethink strategy, at present I have 5 currents accounts used for different purposes, certainly i'd be thinking most of them would have to go, and the same with cards, but I feel a debit card would probably be hard to do without now
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