Bank stops handling cash in some branches as more people go digital

[Hotlynx16]

I keep at least 500 dollars cash, I have to pay my yard man in cash and I have a handy man that does upkeep on my old house and he can't accept cards either! I always tip my waitresses in cash also!! The first store that doesn't accept cash will be boycotted by me! I am going to start paying all local stuff in cash from now on!!

 

[PurpleYoda]

Everything’s monitored 24/7, talking about privacy and freedoms taken in countries like USA.. land of the free… ugh

 

[Theinsanegamer]

It's a challenge for old people who doesn't know about mobile phone and digital wallet.

Old people? try most people. Ask someone to go outside of facebook and you'll get the deer in headlights.

I didn't realize a "39.22%" positive Tweet rate was considered acceptance of a cashless society. While I realize that they used sentiment analysis to get to that figure (and thus neutral responses may be part of that percentage but not shown on the Infographic), it still seems misleading to say that only two states were opposed.

When you are trying to push a message, you dont point out that most people think its dumb, you charge headfirst and take what you can get.
Doing things most people hate is typical of leaders today.

A cashless society would be very dangerous. No more freedom to do what you want with your hard earned money! And worse, as they're doing in China I heard, they created digital money with a peremption date... I.e. after a certain amount of time, that, of course, you do not define, your money goes poooof! Gone... pure and simple!
The goal is to monitor *every* transaction, to prevent, among other things, financing of illegal activities and terrorisme, as Christine Lagarde (former French minister of budget and FMI chief) said in an informal discussion that was video recorded. Think of it for a second. Banking crash? No problem, let's take all the people's savings! No more bank runs, no more inflation, well, so they think. etc etc. Scary, to say the least...

Well that's the whole point. A currency that can be programmed, a car that can refuse a charge remotely, utilities that can be controlled remotely. All this is to take control away from you, the peasant, and given to those in power.

We've already seen this stuff abused, yet TPTB continue to push them. There is a reason for that.

 

[gamerk2]

I have in my wallet.... $130. I think that it has been there for about 4 months because I use my CC for everything and pay it off every month. I don't think that a cashless society would be terrible but we would need a way to do commerce between individuals (like selling things that we no longer want).

Apps like Venmo exist and work well enough for that purpose. But yes, we're heading in that direction for sure. I do try and keep $80 or so on me in case I ever lose my CC (or it gets locked for some reason) and need emergency funding, but it's *rare* I actually spend it.

 

[gamerk2]

At least with hard cash, the thief could be indentifed and caught, if lucky. But going all digital, you are the mercy of thousands of hackers who can fish and transfer the virtual numbers from your account to theirs in seconds. Good luck finding them.

To be fair, you are financially protected if such a thing occurs; the Bank would be on the hook. And because of the damage that could do to a banks finances, they will have to invest in measures to ensure that *doesn't* happen.

And when spending cash, you don't expose yourself to the eyes who are watching your timeline and history of spending.

I note the Constitution as is currently written does not provide and explicit protections for such a thing. And as has been pointed out by the current Supreme Court: You do not have any rights that are not explicit in the text of the Constitution.

Boy, it's fun to turn legal arguments back on people. People want to limit rights to what is explicit? Fine. Just don't complain about all the other rights that suddenly vanish when you do.

 

[Theinsanegamer]

To be fair, you are financially protected if such a thing occurs; the Bank would be on the hook. And because of the damage that could do to a banks finances, they will have to invest in measures to ensure that *doesn't* happen.

Yet hacks and theft continue to be problems.

Cash has a surface area of your local block. Digital cash has the surface area of the entire globe.

I note the Constitution as is currently written does not provide and explicit protections for such a thing. And as has been pointed out by the current Supreme Court: You do not have any rights that are not explicit in the text of the Constitution.

Boy, it's fun to turn legal arguments back on people. People want to limit rights to what is explicit? Fine. Just don't complain about all the other rights that suddenly vanish when you do.

And when did the supreme court explicitly say this? I dont see that on a google search of that term. Lots of debate on whether the 14th protects privacy or not though.

 

[BadThad]

A cashless society is one that will be controlled by government and banks. If you want to give up freedom, then vote to go cashless.

I pay for most things in cash, I always carry it. Why? To keep my transactions out of the prying eyes of government and banks. It's none of their business how I spend MY money.

 

[ActualViking]

I thought adding some info from the other side of the globe might be interesting for some, as it might tell of some things that will come. This will be a bit long.

I'm writing this from Denmark and we are also moving towards a no cash society, only in some ways we are perhaps closer to it. Here is some details:
- In 2021 12% of payments here was done in cash, this down from 23% in 2017.
- All banks are cashless, you can still deposit cash though and get cash through ATM's.
- You can not make cash purchase transactions larger than roughly 10.000 Danish kroner $1500, since shops are prohibited from accepting larger amounts - and diving a big purchase into smaller payments to get around the limitation is also prohibited. If a shop does take more than the allowed amount they will get in trouble with the law.
- You can deposit larger amounts that the 10.000 Danish kroner at a bank, but they are allowed to see documentation that you got them in a legal way and if you can't they are allowed to refuse accepting your deposit.
- I don't carry cash. It has been several years since I last used cash for anything.
- Almost everyone here has an app one can sue to transfer funds to friends, pay when shopping, pay for beer at a bar... the app is connected to a CC of your choice.
- Checks don't exists anymore and have not done so for like a decade.
- Shops are still required by law to accept cash, that is unless they applied and it got accepted they don't have to. This is still rare, but the number of places which does so is increasing.
- In supermarkets you can use an app to scan what you buy, put it directly into to your bag and when done you just show your phone with the app showing you paid. On occasion they will do a spot check as control you did pay for all that you took - I am yet to be checked. The system saves time and the people working in the supermarket can do other things.


I do see that the no cash thing can be a challenge for especially elder people not comfortable with IT and so, plus I also think learning kids the value of money will be harder when they get to save up in a piggy bank and so. But other than that I am all for the no cash thing.
Now being okay with no cash is partly because we have no corruption and a very transparent well functioning democracy, there is essentially a high level of trust all over. And there is huge upsides to no cash as well:
- Handling cash costs money, not doing so save shops and banks money = lower prices.
- No cash means being a criminal is harder. We have not had a bank robbery in years and I imagine criminals have a really hard time using illegal income - it is somewhat regular that customs picks up people trying to smuggle cash out of the country.
- Not carrying a wallet it nice and there is never an issue of not having the exact cash needed for some spur of the moment thing, since everywhere accepts CC or some electronic form of cash.

 

[gamerk2]

And when did the supreme court explicitly say this? I dont see that on a google search of that term. Lots of debate on whether the 14th protects privacy or not though.

Dobbs; the justification was essentially "You do not have any Constitutional Rights that are not explicitly stated".

 

[Beerfloat]

Who really needs cash for anything other than tips, hookers and the cleaning lady?

We'll be fine without the dirty money economy.

 

[Vanderlinde]

Cash is no longer king in some places. when I was in brussel and amsterdam I remember some pancake cafes I went do not accept cash. I wonder if it's because the establishment prefer not handling cash (easier for staff) or because the banks went to great length to reduce circulation of cash (e.g. by giving incentives)

Option number 2 sir.

Banks are forcing that, based on your revenue you cant hoard in more then 10% "Cash payments".

And that's discriminating. However nobody is standing up to this monster that has bin pushed through.

 

[amghwk]

I note the Constitution as is currently written does not provide and explicit protections for such a thing. And as has been pointed out by the current Supreme Court: You do not have any rights that are not explicit in the text of the Constitution.

Boy, it's fun to turn legal arguments back on people. People want to limit rights to what is explicit? Fine. Just don't complain about all the other rights that suddenly vanish when you do.

What are you trying to say? What does all this got to do with spending cash vs digital payment.

When you spend cash, you are relatively anonymous compared to when you use an app to pay. With digital payments, you can be tracked even without CCTVs. Your spending habits will be at the mercy of both the government agencies and the marketing agencies.

Nothing about "supreme courts" or "constitution".

 

[MyIOnU]

Another step closer to be fully controlled by the Govt.

 

[Jerry in WA]

No, thank you. I may not use it as often anymore, but I absolutely want physical currency to exist.

 

[kira setsu]

I always keep cash on me, lost count of how many times its gotten me out of a bind, my cards sometimes just act up and that chip is problematic af, the machine may be broken etc etc etc, oddball food places, cash is easy(I also dont trust alot of these janky pay systems places can have).

im constantly upgrading my pc and selling the old parts, cash is simple when it comes to that type of transaction, I dont want them or me to know anymore info than needed and hard bills dont talk.

a future with no cash behind it seems suspicious as all hell, were heading into a future where if you dont bow down you'll just disappear and they'll be no trace you ever existed, life will just be a subscription plan like everything else so dont break any terms of service.

 

[Gastec]

Until you buy some, nothing.

I buy Bitcoin, then what?

 

[Gastec]

Another step closer to be fully controlled by the Govt.

I think it's another step closer to be fully controlled by the Corporations. I for one dread that. Because in the end the Government, the nation is us. Corporate Commander is not us, it might as well be, and eventually it will be a robot, an AI. Naturally, I've be influenced by the SF books that I've read. Each with his own, you with your evil Government, I with my evil Corporations.

 

[Gastec]

Who really needs cash for anything other than tips, hookers and the cleaning lady?

We'll be fine without the dirty money economy.

I need cash. I need cash because I WANT cash and if I want cash IT MUST BE SO! Because I'm a tax paying citizen (and boy have I payed taxes in my life!) and I have rights! I have my rights because my ancestors have fought and died to gain those rights. Do you know who they fought for those rights? They fought YOUR ancestors! And if you vex us enough again we'll take out that guillotine from cold storage!

 

[Beerfloat]

I need cash. I need cash because I WANT cash and if I want cash IT MUST BE SO! Because I'm a tax paying citizen (and boy have I payed taxes in my life!) and I have rights! I have my rights because my ancestors have fought and died to gain those rights. Do you know who they fought for those rights? They fought YOUR ancestors! And if you vex us enough again we'll take out that guillotine from cold storage!

My ancestors don’t fight, we pay others to handle that kind of ****.

 

[Hotlynx16]

I always keep cash on me, lost count of how many times its gotten me out of a bind, my cards sometimes just act up and that chip is problematic af, the machine may be broken etc etc etc, oddball food places, cash is easy(I also dont trust alot of these janky pay systems places can have).

im constantly upgrading my pc and selling the old parts, cash is simple when it comes to that type of transaction, I dont want them or me to know anymore info than needed and hard bills dont talk.

a future with no cash behind it seems suspicious as all hell, were heading into a future where if you dont bow down you'll just disappear and they'll be no trace you ever existed, life will just be a subscription plan like everything else so dont break any terms of service.

I agree,once we are all digital the government can control you, look at China!! Also I do not use any money apps, facebook or email on my phone! Too easy to hack!!

 

[Avro Arrow]

Apps like Venmo exist and work well enough for that purpose. But yes, we're heading in that direction for sure. I do try and keep $80 or so on me in case I ever lose my CC (or it gets locked for some reason) and need emergency funding, but it's *rare* I actually spend it.

That's exactly what my pocket cash is for. You never know when it'll come in handy!

 

[Hotlynx16]

Old people? try most people. Ask someone to go outside of facebook and you'll get the deer in headlights.

When you are trying to push a message, you dont point out that most people think its dumb, you charge headfirst and take what you can get.
Doing things most people hate is typical of leaders today.

Well that's the whole point. A currency that can be programmed, a car that can refuse a charge remotely, utilities that can be controlled remotely. All this is to take control away from you, the peasant, and given to those in power.

We've already seen this stuff abused, yet TPTB continue to push them. There is a reason for that.

They put in smart electric meters in my area about a year ago and now the power company can shut off your power remotely now! Uggg!

 

[BadThad]

I think it's another step closer to be fully controlled by the Corporations. I for one dread that. Because in the end the Government, the nation is us. Corporate Commander is not us, it might as well be, and eventually it will be a robot, an AI. Naturally, I've be influenced by the SF books that I've read. Each with his own, you with your evil Government, I with my evil Corporations.

Corporations can't control you. You are not forced to use their products and services - ever, for anything. It's GOVERNMENT that is the danger to freedom, they have power over you which can be used for ANY reason they wish - regardless of "what the people say". Governments are NOT "us", they are politicians, no politician can be trusted! Government injustices and overreach have been documented for centuries around the world. Don't believe the mantra "companies are evil", it's a lie perpetuated by governments.

 

[Beerfloat]

Government is mostly you and me. No need to worry about it much. They're basically your pal, unless you're a criminal or seedy.

Except of course when it is run by Republicans, whose governing goals mostly come down to demonstrating how bad government can be.

 

[AlaskaGuy]

Government is mostly you and me. No need to worry about it much. They're basically your pal, unless you're a criminal or seedy.

Except of course when it is run by Republicans, whose governing goals mostly come down to demonstrating how bad government can be.

Well said comrade.