By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
Lloyds closing 95 branches but to be honest I'm a Lloyds customer but I haven't needed to go into the bank once in the last 10 years. I think its a shame but you can see why they are disappearing. https://www.bbc.co.uk/news/art
1
Who goes into a bank on 07:32 - Feb 12 with 323 views
Who goes into a bank on 21:55 - Feb 11 by Nthsuffolkblue
This is where I agree with the OP. Who needs a bank?
A bank will pay dividends to shareholders. A building society pays dividends to the customers. Nationwide paid out £100 to each account holder last year.
I bought NWG at £1.70 and sold at £5 during the debanking crisis. 👌
I get it from a business perspective but not from a social one. If something goes wrong with your money, you need to to be able to see someone in person. Hanging around on a phone for 45 minutes to talk to someone in Bangalore while you go through all sorts of hoops is not a good way of dealing with the stress of such situations.
0
Who goes into a bank on 08:49 - Feb 12 with 273 views
It should be illegal for banks to close branches, banking is a public service.
I'm not saying every bank requires a branch in every Town, the days of a small town like Stowmarket having 6 banks and 4 Building Societies is long gone. But by law every town should have a Building were each bank has staff to help every one.
Older people, like my lovely neighbour Gladys, wouldn't have a clue how to use a phone app, she only uses a landline phone, to actually phone people. Now I know a lot of younger people would think Gladys is wierd, a phone to phone and actually talk to people wow? But we're gradually saying to people like Gladys, you're pointless.
The next will be Post Offices, how many young people go into a PO to buy stamps, or send a parcel? 15 years ago you had PO only in every town, how many are now part of newsagents, small supermarkets?
I guess its life, pubs closing down because its cheaper, easier to get beer from a supermarket and/or delivered to your house.
1
Who goes into a bank on 08:54 - Feb 12 with 268 views
My theory is that in an era of ai and (more especially) quantum computing, we will all go back to banking in branches and the personal touch. In a decade or so every password you have will be cracked in seconds. Ai will be able to crack your biometrics. Best way round this is to go back to banking like it’s 1985.
In the spirit of reconciliation and happiness at the end of the Banter Era (RIP) and as a result of promotion I have cleared out my ignore list. Look forwards to reading your posts!
Who goes into a bank on 08:54 - Feb 12 by chicoazul
My theory is that in an era of ai and (more especially) quantum computing, we will all go back to banking in branches and the personal touch. In a decade or so every password you have will be cracked in seconds. Ai will be able to crack your biometrics. Best way round this is to go back to banking like it’s 1985.
"In a decade or so every password you have will be cracked in seconds"
Who goes into a bank on 08:49 - Feb 12 by BloomBlue
It should be illegal for banks to close branches, banking is a public service.
I'm not saying every bank requires a branch in every Town, the days of a small town like Stowmarket having 6 banks and 4 Building Societies is long gone. But by law every town should have a Building were each bank has staff to help every one.
Older people, like my lovely neighbour Gladys, wouldn't have a clue how to use a phone app, she only uses a landline phone, to actually phone people. Now I know a lot of younger people would think Gladys is wierd, a phone to phone and actually talk to people wow? But we're gradually saying to people like Gladys, you're pointless.
The next will be Post Offices, how many young people go into a PO to buy stamps, or send a parcel? 15 years ago you had PO only in every town, how many are now part of newsagents, small supermarkets?
I guess its life, pubs closing down because its cheaper, easier to get beer from a supermarket and/or delivered to your house.
They've done something similar in Woodbridge I think, there's a 'banking hub' that opened a couple of months ago. It provides basic services like cash withdrawals, paying in cheques etc for all Banks, every day of the week, but there is also a fixed day-by-day schedule when there is an employee from one of several major banks there in person to service queries face-to-face. It's not ideal, but I suppose it's better than nothing (which seems to be the alternative these days).
0
Who goes into a bank on 09:03 - Feb 12 with 256 views
Not sure what need there is to go into a bank these days. Can pay money in at the Post Office. The internet and mobile phones have basically made banks obsolete.
[Post edited 11 Feb 20:56]
My son had issues with phone banking. He was buying a car from a dealer, I lent him £5k towards a deposit he tried paying by debit card, payment was declined. He then gets a call from Lloyds Bank fraud dept. questioning his payment & where the £5k came from. when pointed out that it was a loan from me they queried that they couldn't verify I was his father, despite both of us bank with Lloyds, surely it was an easy check to make. So one car salesmen lost a sale.
0
Who goes into a bank on 11:40 - Feb 12 with 192 views
My son had issues with phone banking. He was buying a car from a dealer, I lent him £5k towards a deposit he tried paying by debit card, payment was declined. He then gets a call from Lloyds Bank fraud dept. questioning his payment & where the £5k came from. when pointed out that it was a loan from me they queried that they couldn't verify I was his father, despite both of us bank with Lloyds, surely it was an easy check to make. So one car salesmen lost a sale.
Just had to jump through hoops to prove some funds I received were legit. Explained they were from inheritance and sent a copy of the will and still not enough ffls.
I wonder how much the anti money laundering rules actually stops? Once had a 30 minute interrogation changing $300 cash and was checked on the UN list of bods banned from doing stuff.
Did point out that multinational fraudsters were likely to be changing more than $300 but to no avail.
Who goes into a bank on 11:40 - Feb 12 by bluelagos
Just had to jump through hoops to prove some funds I received were legit. Explained they were from inheritance and sent a copy of the will and still not enough ffls.
I wonder how much the anti money laundering rules actually stops? Once had a 30 minute interrogation changing $300 cash and was checked on the UN list of bods banned from doing stuff.
Did point out that multinational fraudsters were likely to be changing more than $300 but to no avail.
The last couple of times I went into a branch were to try to transfer some money to my brother overseas. He'd bu99ered off and left me to sell his car, but when it came to banking the cash (a taxi company in Ipswich paid cash for it) and transferring it to him I was given the third degree. First of all banking it; "Where did it come from? What make and model was the car? Why was I selling it?" Then when I tried sending it online it exceeded daily limits etc and I had to tell another lot of people the same story. I suppose I should have been pleased that they were making checks, but at the time I certainly was not. Funny aside was that when the buyer insisted on paying with cash I had to count it all, which took a while. They were a tenner short which I thought they assumed I wouldn't notice. Anyway, they coughed up the ten quid. When I banked it the bank told me there was ten pounds too much! Ooops! I sent the extra ten pounds back to the buyer with my apologies....!
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
