“Banks WANT You To Go Cashless… DON’T Allow It” | Ian Collins | Adrian Mills

Under new rules effective Wednesday, banks and building societies must assess cash access before closing branches. If access is inadequate, they must provide additional facilities. These rules are now enforced by the Financial Conduct Authority (FCA).
Ian Collins speaks with consumer expert Adrian Mills about the move towards a cashless society.
#news #money #finance #uk #banks #talk #talkradio

[@petersteenkamp]

Without cash, banks will be even more powerful than they already are. No good things will come from that.

[@juliacarr5039]

No cash,no freedom!

[@johnmalcolm9980]

Simplistic You don’t want other people to have as much freedom as you want.

[@eddieworkman5855]

it be crap hope cashless don't happen

[@ispy3836]

Boycott shops and cafes who only take cards.

[@CarlBland-l8l]

Already do

[@fireflyrobert]

And politely inform the business owner or manager that they have lost your custom and the reason why.

[@vampire__uk]

Already do

[@jonathansee]

Already do

[@rosielee938]

I use cash everyday and everywhere I can!! I don’t wish to go down a route where people can control you. Idiots you can go cashless if you want

[@moffat5914]

@@johnkitching2248 these dummies think cash just appears by magic.who prints the cash and what backs it? the government and the government. how do they get the cash? via a bank machine with a electronic bank card

[@CMc-v7z]

​@@johnkitching2248your TV and phone watch and listen to you.

[@rosielee938]

Fella, I have been awake for years and telling people with cloth ears about going down a dystopian path. I’m self sufficient and if I have changed in my pocket I can haggle. If you have a phone or card you are stuffed. 🤣

[@CMc-v7z]

@@rosielee938 you do realise if the dystopian route continues, none of that will matter right? They would destroy all you have built for yourself and force you underground.

[@rosielee938]

That’s why we shouldn’t allow this evil to get anymore traction. Say no!! I’m not one for rolling over and submitting 🤔🤬

[@niguel4438]

When it’s gone it’s gone. Don’t let it happen.

[@PhilipMatthewsPAEACP]

IT'S GONE!

[@stevewilcock4767]

Interesting take on this is that fairly recently all cafe's in Brussels were cash only.Things may have moved on since then.

[@a44489]

You can't stop the wheels of time

[@ClebRuckus2]

@@a44489 na but we can make those wonky wheels in ya head turn a bit while you consider the implications of banks been in control dipshyte

[@Bradsoul]

Don’t want cashless society

[@a44489]

Im not bothered ill go rainforest and be a jungle bunnie

[@a44489]

Endless terrain

[@letsgobrandon7297]

@a44489: You won’t make it a week in jungle or even forest especially if your a city slicker.

[@emzwills975]

I remember 2008 when greedy bankers gave themselves huge bonuses while governments bailed them out. CASH IS kING.

[@johndawson8806]

we the taxpayer bailed the banks out not the govt!

[@zitzong]

No cash means complete control of citizens

[@manupasta]

Went to Greggs yesterday and the card machine was down nationwide - luckily I had cash :)

[@andysims4906]

Just use cash all the time

[@Analiffey16]

I use cash everyday! I like cash, I can’t spend more than I have! I object strongly to my privacy being invaded, with them having the knowledge of my transactions…. I don’t think so!

[@racingrooster4642]

Lots of times when in my local shops , they have signs saying cash only as problem with server or system .This should resonate with everyone ,Carry CASH at all times . Oh and who takes longer to pay at the checkouts ? The ones paying by phones.

[@ONYX-365]

*I'm sick of being treated like a 2nd class customer when paying using cash!* In my local tesco there are *8* self-service tills, only *2* of them accept cash. So when queueing people who were behind me leapfrog me because the type of payment im using.

[@stuartd9741]

I was in the queue at Starbucks couple years ago. The person in Infront was trying to pay with an apple pay voucher, I was there like 3 minutes as it wasn't excepting the voucher... .. Technology eh...

[@jamieniche]

All about control. Why would you let banks and private companies (apple pay/Google pay) control all your money.

[@sentinel80]

Oh no not another conspiracy theorist 🤷‍♂️. I control how I spend my money not the banks. Sounds good for your narrative though 😂

[@jamieniche]

@@sentinel80 not sure why you would think I'm a conspiracy theorist. Pretty obvious. If you want to test it out got to your bank and try to draw out 10k, see what they say.

[@Star-fe8ch]

​@@jamieniche when the cashless machines go down, which they do frequently! Then what? Just so silly these arguments in favour for cashless!

[@davidhargreaves1728]

Cashless society is when society loses complete control over there money and hands it over to people who can’t be trusted.

[@gerardkelly1191]

USE CASH, RESIST THE WEF/BLAIR WITCH PROJECT

[@letsgobrandon7297]

I like that movie, don’t want to live it tho. We are dealing with straight up tyrants.

[@DavidMeikle-ei7fr]

Self employed rely on cash - window cleaners, gardeners, charity collectors and many others

[@ghunt9146]

I've seen beggars with portable terminals. Would you trust that!?

[@cindyharrison4191]

Absolutely we need to keep our cash. Paying by card is making people overspend and get in debt. It is also a way of keeping track of us and what we do.

[@eddieworkman5855]

and covid was only used as a way to get rid of cash

[@marcwillding4326]

We will always need Cash. Cash is King.

[@a44489]

Spirit is king

[@a44489]

Money made more evil than any forms of excestence

[@AllenTaylor-lu9bu]

Remember how they cut off the Canadian truckers AND those that supported their protest. If everyone withdraws as much cash as they can (even if you have to deposit it back later), this not only sends them a message but would affect how much cash they cannot loan out and would cut their profits.

[@Baldnesz]

Did you learn learn the lesson that it was BITCOIN that came to their rescue as well as donations of cash from public etc.

[@letsgobrandon7297]

@AllenTaylor-lu9bu: That’s what i do, i only keep like $7 or whatever amount on my account so my account stays open. I withdraw all my cash every pay check. If theirs ever a run on the banks they’ll shutdown and not let anyone withdraw their own money…..was going to happen in 2008 during the economic crisis, might even happened for couple days.

[@tommogun3]

Cash please 🙏

[@grandpre9442]

CASH must always remain King. If CASH goes, People will have NO MONEY to spend and keep the economy running. If CASH goes, it's over.

[@CarlBland-l8l]

I will end it when cashless comes

[@ruthcollins2841]

I pay mostly by cash & only use the card at times. That way I know to the penny what I spend, keep my account up-to-date on the card expenditure and am not in debt. Many who use cards haven't a clue how much they've spent and find at the end of the month they've over-spent and are in debt! 🤦‍♀️

[@marksargent2440]

I was in a pub once with my late wife and a friend haveing a meal there was a guy on a table having a drink once he drank one pint he was less then a few feet from the bar out came his card tap and paid for his drink he did the at least five or six times while we where there .I said to the lady who owned the bar she said that's all I see theses days tap tap tap tap .I said if you pay buy cash you know what your spending and she said years ago you knew the punters and talked to them when you where doing there change for there drink order now your lucky to get a few words out of them .she also said that thay had to pay a fee to use the tills and the cashless machines.

[@roblloyd1879]

Use cash for all my daily shopping. The shop gets to keep 100% of the money.

[@StevenWilkins-y9t]

Its easy - wont take cash - boycott... If they replace till operators with machines - boycott the business. You think for a moment its cheaper to replace operators with machines that WILL NOT CORRECT MISTAKES- WILL NOT RESOLVE A QUERY - WILL NOT RESPOND TO YOUR COMPLAINTS - FORGET IT! The automation costs a fortune and the price to you is poor service. I say: Find an old-school retailer - create a funding network to finance a general goods shop - set 'em up and support them.

[@stuartd9741]

A very well known F food business stopped research into it's AI ordering service, because it kept getting orders wrong.. Not surprisingly, human motor processes are rather difficult..to copy..

[@MatthewThomas.videos]

Very true, cash is King.

[@GeniusWithAFlaw]

I mentioned this somewhere else (I can't remember where), but my local chippy prefers cash but will take card payments. It turns out that the chippy's bank charges him £500 a month just for taking card payments, which is an unjustifiably hefty overhead if you ask me. I now buy my cod and chips with cash just to help out a local small business.

[@shaunluckham1418]

Good for you 👍🏻

[@dianecameron137]

I am going back to cash as much as I can also counting out the coins putting them in bags and taking them to bank sick of being forced into thingsif places do not want the cash then dont go in to their premises

[@mikewest1542]

Doesn’t the bank put your coins straight back into your bank account and won’t give you notes ?

[@m0o0n0i0r]

I was on the bus. Here after 6 pm it is 1 GBP for a one way trip. Anway, I had cash, paid and got my seat. People tappings card and using mobile phone payments. Payments didnt go through so people would repeat over and over. All this waiting about because of a 1GBP payment.

[@mikewest1542]

Card only for buses in London !

[@stuartd9741]

I was surprised by local bus network accepts cash! 2 £s to go into town.. .. I have been in queues before WAITING for social media payers to complete their transactions...

[@m0o0n0i0r]

@@stuartd9741 I think once everyone gets used to it...price might go up because government can tell you the bus stops (monopoly)...

[@m0o0n0i0r]

Use it b4 you lose it brother.

[@maureenrawson4583]

You can’t get into debt if you use cash.

[@stevie_g_easy_listening_post]

What gets me is the banks when you ask for your cash want to know what it's for as if it has anything to do with them what you want your cash for it's ridiculous.

[@lollapop7673]

When my daughter returned from the US with dollars she went to exchange them for sterling. She was asked what she will be doing with the sterling! I was with her and this question made me feel so angry on her behalf!! 🤬

[@stuartd9741]

I went into my well known high street bank in 2017, to exchange quite a considerable sum into dollars.. for a holiday. .. The lady behind the counter said. Sorry we don't hold cash anymore. .. I said what, but you're a bank, Yes said the cashier, but we have to "order" it in.....🤷

[@lollapop7673]

@@stuartd9741 but I always thought banks were there for the purpose of dispensing money! Strange times indeed!!

[@jackplane7408]

If they control your cash then they control where and when you can spend your money. If you pay by card they can stop your payment with a press of a button to make you cashless and can't pay for anything but if you have cash they can't stop the payment because it's cash they loose control over you. Cash is king remember that card is control cash is freedom.

[@AyebeeMk2]

Cash is king: always find a way everyday of making use of it, or it will go, then you will be a slave to your plastic!

[@joshuachapman-lowe]

If my haircut costed me £50 I'd go without.

[@SJBW196]

Cash everyday, cash everywhere. I have cash all around my home. I even have cash in the attic!

[@CarlBland-l8l]

We're do u live?

[@SJBW196]

@@CarlBland-l8l None of your business!

[@didwest1249]

Always use cash,I never use self service and have never ordered on line I'm old school and I have no mobile

[@molex114]

They Don just mean cashless as in paper money the mean cashless as in you don't have any money at all. Control peoples access to money, especially their money, and you control their access to life

[@coastliner5848]

I try to use cash but sometimes use card for bigger purchases like petrol - I have NEVER ever used a phone for payment & never will.

[@brianthirling9260]

Someone in front of me in a shop used his phone to pay for a 49 penny can of pop😂

[@decmcgovern9281]

cash is king !

[@lancethrust9488]

MASTERCARD , VISA , SQUARE THEY MAKE 1% TO %,2 OF EVERY TRANSACTION CASHLESS WILL MAKE THEM A FORTUNE

[@John-t2v]

Go to the super market get a huge weekly shop and if they tell you they only take cards leave it at the checkout and walkaway

[@corneliuscornia3189]

😂😂

[@DeanaMoorhouse]

My local Morrisons had just one self service checkout that accepted cash of many. Only one till open. I put the milk back as it needed to I be refrigerated and dumped the rest and left. Cashless is also exposing people who have coercive and controling people in their lives, especially when they have left it are trying to escape the relationship because they could use information from bank statements to snoop and stalk.

[@obeanddarth]

Having cash helps me budget each week

[@JSMCSUK]

To many corrupt politicians for it to go cashless it will NEVER happen

[@stuartd9741]

Sorry to burst your bubble. It's already in the pipeline.. Ready to go live with in the next 5 years... .. Have a closer look at the fed now payments system....

[@mijanurrahman-ib2xw]

Life will boring without cash. At least you count penny's.

[@Vanosphere]

Imagine sending a tweet that criticizes Starmer or illegal immigrants and getting your ability to buy fuel or train/plane tickets turned off. Because that's what's coming.

[@thomascochrane4922]

Vote for cash!

[@jenniferbarry5887]

Hearing this brings it homeas to just how financially browbeaten we've allowed ourselves to become

[@stuartd9741]

Yep even the presenter has social media payments system..🤷

[@Backwardlooking]

Absolutely. Think of all the previous problems surrounding digital money. Offline, crashed, hacked, ad infinitum. Control is the underlying aim. Watching everything you do. Open to authoritarian control as we see increasingly.

[@Vanosphere]

"Old people say why can't they wait until we're dead to do this" Well, Starmer is trying to speed that along.

[@Walkerthatsme]

This is absolutely nuts cash is life simples

[@Conii-vc8ef]

No to a cashless society! Full Stop!

[@jacquiollard8784]

each transaction that isnt cash attracts a bank fee

[@Cute-qg9pu]

Cash is number one forever, stop cashless society

[@d34dly0101]

Cash is king use it or lose it, how many times have payment systems not worked this year.

[@stuc3195]

It's not the banks that want us cashless. Although they see the opportunity to close even more branches and retreat to purely online banking. It's the Governments that want us cashless. That way every time you make any transaction they have you logged in the system. When and where. And they can also target those individuals on their list. What better way than to block access to their accounts. Which of course they can then do to all of us if and when the day comes that they need to

[@ONYX-365]

I don't understand why companies want us to go cashless, because after cash is gone centralised digital currency will be forced upon us. Surely not even multinational companies won't be able to dodge taxes then (like they currently do) 🤔

[@JimGers]

When ATM's came out the bank's promised they would be free forever they simply sold that part to 'another company ' and charged whatever they want, while getting rid of counter staff and making ridiculous profits.

[@Moonlight-sonata-t9r]

What’s next a social credit system?

[@brianthirling9260]

That is exactly what's happening.

[@shaunbanner6774]

People have very limited understanding of the implications of a cashless society.. ! it means giving ultimate powers to the banks and ultimately the government you'll have no choice were you take your money because it wont exist if the banks go bankrupt how can you take your money out..? They can debank you for political views or social views or anything else they decide meaning you can't pay your mortgage house bills if you're a business you won't be able to pay staff its endless

[@helenmarsden5672]

We should have a choice. We should not be forced into a cashless society.

[@julieevans2858]

Yes Amen

[@christamulligan9816]

No, i like paying in cash. Then when the purse is empty I know I have to stop spending

[@80sMod1]

Keep cash 😊

[@mchaplin66]

The last bank in my town will close next year. The bank use the same lie that is is not used yet because that they do not provide a counter service. A con to get rid of cash and the govt is complicit in this

[@justwilliamcatapultpoacher2275]

Banking hubs are opening in many areas, several banks share one building, there is a website listing them

[@mchaplin66]

@@justwilliamcatapultpoacher2275 i worked in a bank-the hub do basic only, no benefit for major customers needs and banks know it

[@stephenpearson7903]

a lot of these ATM machine do not have £5 notes, if you are on a tight budget and your account has only £5 in it you cannot access that £5 note, or your open to bank charges if the ATM spits out a £10 note. Banks are just plain greedy.

[@Justhazza43]

They don't want people having cash savings That's all!

[@maxfactor4209]

You have no right whine about Cashless if you haven't use cash over the last month.

[@fluxington]

Are those the rules? I never knew.

[@stuartd9741]

And the presenter has social media payments system.. So he's clearly paid off...chained to the rhythm...

[@lindasolomon4235]

Cash is the only way to go. All about control.

[@serenity8145]

The other day in M&S, there was only ONE automated checkout for cash, and about 8-10 for card. This is madness. They make you feel like a leper for paying by cash.

[@stuartd9741]

I visited the same branded store, and started to use an automated till but didn't look that it said card only.. The machine went haywire trying to eject cash.😆 They had to credit me from another till.. .. Also in my local do it yourself store they installed automated till. That have since closed because they don't have the staff to monitor the public paying manually...

[@johnb6723]

Cashless won't work. Around 16% of people are educationally sub-normal and would not be capable of managing a bank account. The banks are making a mistake (❓) - that move hurts their chances.

[@stuartd9741]

There's also a misconception that institutions having 100% control is going to work. Are people going to accept this? .. Also, while the ability to use cash is still around, this allows economies to grow organically.. .. If there's 100% control, this WILL collapse national economies, because of the narrow framework of allowed payments under a dig ital cur ren fee.

[@Philip-x3d]

do you notice how supermarkets have 2 prices for many things these days ? One price for their "card holders" and a higher price for NON-card holders. This is another means of trying to dupe people into giving away their info. If I go to a cash machine, withdraw £100 and go spend it, then they cant track how I spent that money. SOLUTION : get people to take up loyalty cards so they can get the cheaper price ( "oh...the benefits of being a "member" ) but they can now see how you spent some or all of that £100. You have to hand your card over to get the lower price......YOUR DATA IS OBTAINED and you walk away unaware.

[@ROSEMARYHEATHER-m7h]

IT WILL BE USED TO SEE, WHO, AND HOW MUCH WE ARE SPENDING. I DONT HAVE A 'SMART' PHONE EITHER!! TRACKING, EVERYTHING YOU DO OR SAY!!

[@nothinghere1996]

Here's the thing. a fiver is a promissory note. It is guaranteed by the issuer, the government. people say that shops have a right to not accept the government's bill. i say that's a lie. It is the only form of money. eftpos and the like is not a permissory note. it is nothing but a series of 1 and 0 on a piece of plastic. It is not legal tender. They are inverting reality.

[@1fairhurst]

Yes cash is essential.

[@ONYX-365]

When Centralised Digital Currencies are forced upon us (Britcoin or whatever name they call it), how will these corporations dodge/evade taxes? 🤔

[@stuartd9741]

They'll have wholesale digital currency.. Which will work differently from retail D currency..

[@rosslomath]

Its a need mate!

[@martinclark1411]

Should never have stopped wage packets, how did they get away with the current situation where you earn money but it has legally to be given to someone else before you get it (ie the banks)

[@colinrobinson4233]

One day you won’t even own your money. You will pay for access to it.

[@ispy3836]

That day is here.

[@fluxington]

Sorry to be picky: you may have wealth, but you don't own the money. Money is a token produced and controlled by a third party that means you don't have to swap ten chickens for a pig, etc. What happens when you spend a tenner? it's now someone else's tenner but isn't owned by them. Additionally, banks technically own any wealth you deposit.

[@colinrobinson4233]

@@fluxington technically yes, a bank note is a loan. It literally says it on it. But what happens when that bank note no longer physically exists?

[@John-t2v]

You have got no money in the bank now . If everyone went to withdraw their cash on the same day the banking system dies overnight

[@fluxington]

@@colinrobinson4233 I would presume that it has been replaced with another one. I think wealth is like energy (it can only be converted from one form to another). When people talk about wealth creation, surely they mean someone else is paying. The printing of money should only ever match the wealth in circulation.

[@MrMonkey-o5j]

Also resist using automated self checkouts regardless of queue size. Cash is king

[@robertjames4908]

I prefer cash, I know the money is mine. When it's in the bank, it can disappear with forgotten transactions taking place

[@brycecombs2868]

Just another tax on the working class (I won't say 'labour' any more).😞

[@bjc382]

What is needed is a law to say that if one offers cash to a shop they should be bound to take it. It's legal currency of the land. When cards are scammed and we wait for a new one or the system goes down. Supermarkets only want cash. Without it what ? It's all beyond stupid. Banks want it all their own way.

[@qed456]

I will continue to issue cheques for as long as I live

[@chrisdalton9849]

Never in life put yourself in a position where you have no options, We, unequivocally, need to keep using cash, .

[@UserAK89]

Keep using cash stop using contactless!

[@dang1086]

As a shop owner there are charge to rent the machines charged for each transaction for less than about £3 is not profitable. For anything less than that you might even make loss. And to make even worse we get charged to pay cash into a business account and charged for getting change to fill the tills.

[@kathyullah1619]

I use cash everyday credit cards gets you in DEBT

[@UtubeRfarlefty]

Perhaps we should take back the bail out money?

[@animal355]

Common sense thinking, just a shame that common sense is ironically not common.

[@anthonylloyd8000]

Bank's will get rid of cash then bring a charge for credit and debit cards.

[@Zaphod-ef9yz]

No cash > no control

[@davefish8107]

We only have one bank left in my local high street and the post office is closing soon .

[@jaydee6440]

For example if you're daft enough to have all your payment options on your phone & the battery runs out......... You're fuckked!

[@mattanderson6672]

I'm inclined to agree Thank you gentlemen Thank you so much both Love Talk TV!!

[@headjog1000]

Best explanation I’ve heard yet!! Well done!

[@muhammadalieesaa3379]

It's nice to see Adrian Mills speaking out about this, I remember Adrian Mills on the uk TV show called That's Life with Esther Ransen. It's good to see a BBC journalist or former BBC journalist speaking out for us like this.

[@clarepartrick1066]

And when the machines don’t work because of power cuts how else are you going to pay .

[@richardevans9061]

you have no choice CBDC will replace CASH & BANKING as we know it

[@lollapop7673]

Cash is king!! 👍

[@jay-nl3gk]

Cash is king, people use cash cash this is something else they think that they can take away from us

[@neilsmith5762]

I use cash as much as possible

[@stephanieterry8844]

Cash is king

[@TheTriggeredChristian]

Oh, you mean the 'Beast system'. The Government acts like it's god giving us these commandments to follow, but don't follow themselves. CHRIST IS KING! "The love of money is the root of all evil." It's the battle of Light and dark. The Light reveals what darkness conceals.

[@stephenmcgreevy9650]

The people are already trapped. If you wish to access your wages/ income you have to use a Card in either a Bank / Post Office or ATM to get your cash