Bank drafts

You may think you do, but believe me, you don't.

 

I assume that you haven't tried taking out that kind of cash (or worse,
tried to pay it in) any time recently in the UK?

 

.... and if you took cash instead, they'll be charged a not
inconsiderable fee to pay that in, although the percentage depends on
their bank's T&Cs.

 

Last time was when I bought the Trumpet, so 1999. Why? Are you
seriously suggesting that a bank wouldn't let you take 10k in cash?
Sorry, but I simply don't believe that.

--
_______
..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
\`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
`\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
`\|/`
`

 

Wha? They charge you for paying in cash? What the **** is wrong with
the world[1]?

Someone tell me this isn't true. Please.

[1] Or the UK, at least.


--
_______
..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
\`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
`\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
`\|/`
`

 

You get the protection of the Consumer Credit Act with credit cards. I
also earn Air Miles on every purchase with my credit card, and these are
nicely converted into British Airways flights come ski holiday time.

I also get a month or so's time to settle up the bill, which I do, so I
don't pay CC charges.

You get none of these benefits with debit cards.

No, it isn't. You are either mistaken or truly ignorant.

 

They charge businesses, yes. They charge shops and suchlike for getting
change. They also don't like normal consumers paying in change in large
quantities (well, the Nationwide which is a building society, and the
Abbey, which isn't, don't).

We save our change, and periodically bag it up and pay it into an
account. They grumble at anything over about five bags of coin.

I have an arrangement with the local newsagent now. I bag up the coins,
he trusts the bags are correctly counted and gives me the notes, and I
avoid the grumbles and he avoids bank charges. everyone's happy.

Now, the true insanity are those machines in supermarkets which sweallow
your change and charge you 5% to convert it to notes. They even
advertise them on the radio - "Turn your loose change into cash!"

What? I mean, WHAAAT? What do they think it is to begin with? I can't
believe anyone here is silly enough to use them.

 

The Older Gentleman wrote

If I were a gambling man I'd put up 50 that says there is but I ain't so
you will just have to content yourself with likely being wrong.

 

Stu probably does, if anyone.

 

The Older Gentleman wrote

I'm not so sure about that, too obvious.

 

Why use a draft? So many forgeries out there. Credit transfer, or (if
your credit limit allows it), use plastic, get the consumer protection,
and the Air Miles, loyalty points or whatever, and a month's
interest-free grace.[/QUOTE]

Private sale.

 

Aye, I've used debit cards before but this is a private sale.

 

Halifax said if I wanted more than 12 grand they would have wanted to
know more details about what it was being used for.

 

I see people using the one in Sainos Winchmore Hill all the time, an
IIRC, it rips you off to the tune of 7.5%

 

I used one once. After a clear out, I found two carrier bags
half-full[1] of dirty, dusty coins. To bag them up and make the
(multiple) trips to the bank at inconvenient (for me) times didn't make
sense so I took them to the local Sainsburys. Almost ?100 and yes, the
did take 7 or 8% but it was worth that to me for the convenience.

It took an age to process mind.

[1] The handles would have snapped if they had been full.

 

when I sold the RGS in 2002, for ~8K (I forget how much exactly, but
it was under 10K) the bank manager wanted to see the bike's V5, and
the invoice letter I'd done for the buyer *plus* ID from the buyer!

 

do you have online banking? Why not just ask the buyer for his account
no/sort code and transfer the money directly?

It's amazing the people who won't supply these details, yet will
happily hand over a cheque, which of course has the very same details
printed on it.

 

You see, this I can't understand. I mean, who squirrels away that much
coinage? Well, apart from you, that is ;-)

That makes sense, I suppose, but the people I see using the machines
seem to be slightly chavvy women with a couple of ankle biters in tow,
and a trolley full of cheap goods. In other words, poor people. Who are
making themselves poorer.

 

Private sale.[/QUOTE]

That, of course, is quite another matter.

 

(The Older Gentleman) wrote:

[coin convertors]

I concur - them and seedy old greasy haired fuckers who look like
they're trying to get a fiver to put on the dogs.

well yes, but at a lower rate than by buying all the scratchcards and
lottery lines they spend their dole on each week.