Join the most popular community of UK swingers now
Login

Its our money.......Isn't it ?

last reply
27 replies
1.4k views
0 watchers
0 likes
Nationwide Building Society are making changes to the way some people can withdraw money from their accounts...

In years gone by you used to be able to take out £5 from a cashpoint but you cant anymore....
Thats a complete PITA sometimes when your living close to the breadline and wish to shop for essentials yet cannot get at your money....A lot of small shops dont use chip and pin and some of those that do add a surcharge for transactions under £10....
Is it fair/right they do this ?
Personally it wont affect me as I dont bank with Nationwide but I could see how it may affect some people such as the older gentleman mentioned in the above article...
Surely its our money and we ought to be able to withdraw it how we see fit dunno
well i thought that would happen sooner or later. the banks realising that credit won't work anymore are now simply holding onto people's money.
Quote by Steve
Nationwide Building Society are making changes to the way some people can withdraw money from their accounts...
CLICKY
In years gone by you used to be able to take out £5 from a cashpoint but you cant anymore....
Thats a complete PITA sometimes when your living close to the breadline and wish to shop for essentials yet cannot get at your money....A lot of small shops dont use chip and pin and some of those that do add a surcharge for transactions under £10....
Is it fair/right they do this ?
Personally it wont affect me as I dont bank with Nationwide but I could see how it may affect some people such as the older gentleman mentioned in the above article...
Surely its our money and we ought to be able to withdraw it how we see fit dunno

The trouble is Steve that this could well catch on with the other banks.
My local shop charges a surcharge for paying by debit card for anything under £10. Now I could understand the charge if you was paying by credit card, as they impose a charge on the shop, but a debit card payment carries no such charge.
Banks suit themselves at the best of times and my firm has just been charged £86 in charges. Those charges were because a member of staff did not have a bank account so on payday we gave him a cheque and a letter to take to our branch, so he could draw his wages.
The charges were a percentage of what was drawn out. It seems that if we want to take cash out from our branch over £500 they issue a charge. But it is our money to draw but that is what they do on a business account. So we incurred charges of £86 for two visits to our branch by one of our employees...now we know it will not happen again.
Thanks for putting this one up, Steve.
I note that this does not apply to Debit Cards (nor Credit Cards) but only CASH cards. I must really be thick, but what is a cash card?
Plim :sad:
Absolute crap isn't it!! At one time I could go in my bank and get 4 quid or whatever over the counter as I naturally you can't get it from the cash machine - now they don't like you doing that.
On different note. I also hate the fact that because I pay my internet bill online - I pay £5 extra admin charge as they prefer you pay by DD :mad:
No! it's not your money!! It belongs to HMG!!! (God knows, they printed enough of it recently for them to know it's theirs).
A bank note is merely a promissory note. It promises to pay the bearer on demand etc etc..
What it pays is the value in notches on wooden sticks you can exchange with other people's notches but as for you owning money.. never!
Now then, you agree to look after some-one else's notches for them; surely you are entitled to some recompense when they have the audacity to want a few notches back occasionally to exchange? I mean, there's the cost of sharpening your knife to cut a few more, isn't there? Plus the cost of the wood.
God, these people who think they can just exchange these promissory notes for nowt. What's the world coming to?
Where's me biscuit tin?
Quote by Plimboy
Thanks for putting this one up, Steve.
I note that this does not apply to Debit Cards (nor Credit Cards) but only CASH cards. I must really be thick, but what is a cash card?
Plim :sad:

I think a cash card is simply a card that will only allow you to withdraw money and not pay for services or shopping/fuel etc etc....
Thing is.....How long will it be before they start moving the goalposts with regards to withdrawing money using a debit card ?
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?
Quote by GnV
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?

Yes but that means having to initially spend money by doing some shopping.....
I know Morrisons and Asda do cashback but dont know about posh places like Tesco's and Sainsbury's :lol2:
Quote by GnV
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?

ahhh next week i`ll be using the champion and the atac
i love the village life
Quote by Lizaleanrob
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?

ahhh next week i`ll be using the champion and the atac
i love the village life
Champion is now Carrefour...
i think its getting near the point where banking will have total control of your finances. in that all standard bills will have to be direct debit. they will simply take money from your account and eventually create poverty for many people.
a lot of them seem to have the air of dole queues and money lenders about them. especially saturday.
Quote by Steve
Nationwide Building Society are making changes to the way some people can withdraw money from their accounts...
CLICKY
In years gone by you used to be able to take out £5 from a cashpoint but you cant anymore....
Thats a complete PITA sometimes when your living close to the breadline and wish to shop for essentials yet cannot get at your money....A lot of small shops dont use chip and pin and some of those that do add a surcharge for transactions under £10....
Is it fair/right they do this ?
Personally it wont affect me as I dont bank with Nationwide but I could see how it may affect some people such as the older gentleman mentioned in the above article...
Surely its our money and we ought to be able to withdraw it how we see fit dunno
no, it's not our money/credit. credit does not belong to you. money is both credit and debt. your money (our) is credit and someone else's debt. all fiat money is credit at the discretion of the creators of credit (fiat paper money) and that aint you or me. awayman thinks he is an expert on financial matters, perhaps he could give you an exposition on credit/dept ? also ask him about fractional reserve lending, derivitives and performing loans/debt as assets and maybe you will have a better idea as to who owns the credit in your account that you think you can draw on ? i am sure he will go on to explain how inflation deflates debt and how an increase in money supply helps the economic debt but destroys the holders of surplus credit (the middle class). good luck.
Fuck..........now I am really confused, cheers Gulson. wink
Well the banks are thinking of getting rid of the cheque books too,that will affect my business severely
its only over the counter in branches and why would anyone wanna anyhoo so i can't see why its even been an issue
i bank with nationwide and have only the cash card as i don't like debit cards as i spend too much prefer to handle cash then i have to think twice before i hand it over works well for me
i can still take out just a tenner from cash points its only if i go in branch which i have only ever done if i was taking out over the 300 limit
Quote by GnV
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?

If you read some of T***o info-blurb, you'll see that use of a credit/debit card carries charges...some 2% of the shopping value.
You are not CHARGED that but the cost is spread over everyones bill.....so those that pay cash pay more to pay for your credit/debit card shopping.
what is annoying is that the banks created this rod for their own backs, by making everyone have a bank account. now they are trying to say we owe that privilege to them. high street banks, high street rip off!
Hats off to Nationwide say I. A building society owned by its members with no shareholders creaming off profits. They managed to avoid the rash of corporations and predations and protect themselves from any future aggressive takeovers thereby preserving a fantastic British institution--banking by the people for the people. This change makes absolute business sense and is fair to the majority of the banks customers/shareholders. The thing is, those high street shops and the piddling counter transactions cost a fortune to run and staff and in reality they don't bring very much to the party. Check Nationwide out they are very well run and very professional and not to be confused with the banking corporations and ex building societies who road a horse and carriage through the financial regulations in the cause of making a fast buck.
For the sake of argument I know nothing of banking matters but they do have a very cosy doorway and the branch manager gives me a panad first thing.
Quote by Ben_welshminx
Hats off to Nationwide say I. A building society owned by its members with no shareholders creaming off profits. They managed to avoid the rash of corporations and predations and protect themselves from any future aggressive takeovers thereby preserving a fantastic British institution--banking by the people for the people. This change makes absolute business sense and is fair to the majority of the banks customers/shareholders. The thing is, those high street shops and the piddling counter transactions cost a fortune to run and staff and in reality they don't bring very much to the party. Check Nationwide out they are very well run and very professional and not to be confused with the banking corporations and ex building societies who road a horse and carriage through the financial regulations in the cause of making a fast buck.
For the sake of argument I know nothing of banking matters but they do have a very cosy doorway and the branch manager gives me a panad first thing.

I thought this was something sordidly sexual until I googled it...
Celtic Welsh for a cuppa, it seems! rotflmao
Quote by gulsonroad30664
Nationwide Building Society are making changes to the way some people can withdraw money from their accounts...
CLICKY
In years gone by you used to be able to take out £5 from a cashpoint but you cant anymore....
Thats a complete PITA sometimes when your living close to the breadline and wish to shop for essentials yet cannot get at your money....A lot of small shops dont use chip and pin and some of those that do add a surcharge for transactions under £10....
Is it fair/right they do this ?
Personally it wont affect me as I dont bank with Nationwide but I could see how it may affect some people such as the older gentleman mentioned in the above article...
Surely its our money and we ought to be able to withdraw it how we see fit dunno
no, it's not our money/credit. credit does not belong to you. money is both credit and debt. your money (our) is credit and someone else's debt. all fiat money is credit at the discretion of the creators of credit (fiat paper money) and that aint you or me. awayman thinks he is an expert on financial matters, perhaps he could give you an exposition on credit/dept ? also ask him about fractional reserve lending, derivitives and performing loans/debt as assets and maybe you will have a better idea as to who owns the credit in your account that you think you can draw on ? i am sure he will go on to explain how inflation deflates debt and how an increase in money supply helps the economic debt but destroys the holders of surplus credit (the middle class). good luck.
I'll leave it to you. In my experience people who feel the need to talk about 'fiat money' (there is no other kind now - it's as anachronistic as talking about horseless carriages) are spoiling for an argument about a world view I don't share.
GnV, Josie and I would like to extend an invitation to you both to pop in for a panad any time you like and any other kinky welsh pass times we have on the menu.
Quote by Ben_welshminx
GnV, Josie and I would like to extend an invitation to you both to pop in for a panad any time you like and any other kinky welsh pass times we have on the menu.

Ooooh, you are awful... but I like ya!!
That's very kind Ben and Josie, thank you :thumbup:
Quote by Kaznkev
i meant to ask,wats fiat money,i assume its not a fund to buy a new car?i tried coogling but got a million and one car adverts, i have to learn how to use search lol

Definition
Money!
Oh, how vulgar. One never mentions money or even carries it about one's person, does one?
Oh,You do?
Is it important to ones peasentry?
It is?
How tiresome.
Now be orf before one instructs ones groundsmen to loose the hounds.
rolleyes
Quote by Steve
Are you not able to obtain money (cash back) from the checkout at various stores like T*sco etc for no fee?

Yes but that means having to initially spend money by doing some shopping.....
I know Morrisons and Asda do cashback but dont know about posh places like Tesco's and Sainsbury's :lol2:
Depending on Steve's point on the last post to me, you may not be able to buy goods at the supermarket with this type of card?
Sainsburys don't give cash back nowadays since they had ATMs fitted at their stores.
Plim