Barclays

[Roy]

Something is stirring. Lots of 'subtle' changes

(Personal: We're changing the way cash is paid in through our branches

From 17 January you'll need a personal Barclays Debit Card or a printed paying-in slip to pay in cash through our self-service devices and counter. To order these, please call or visit us and we'll be happy to help. Please let your friends and family know who pay in cash for you.

For more info, search on our website for 'How do I pay in cash at branches')

To pay money in???

[HelpingHands]

It could an attempt to stop money muling.

 

[Martlet]

Needed paying in slip at HSBC for decades, different banks have different internal processes.  

So much for the paperless future... 

[Roy]

Ah...but is that all they mean? At Barclays you need a paying in slip but there is a stack of them there at the counter/machine. It sounds like this is something extra to me.

I had to look up money muling HH! ?

[kimchi]

Yes this sounds like only specially ordered and printed paying in slips can be used, rather than filling one in with the details in-branch. Very odd.

Another weird thing the ATMs around here have been mostly out of use for the last ten days or so, never seen it before.

[Oystonousted]

Yep can't just wander in with cash and sort code and account number scribbled on piece of paper and say "pay that in there pls"

 

Yet another step towards complete automation

[Pipers]

IMO its the banks at it not the Government,  the banks know or believe people have been stacking cash and this is a way of confiscation.  The banks really are b-stards, scoundrels, rotten f-ckers.  

If i was one of these people who had a cash sum at home i would put it into gold silver scrap copper long term collectibles ect anything that can be bartered with in the future!  

I can certainly see a barter system starting esp in poorer areas then spreading into the main society.  

     

[Pipers]

On 1/18/2018 at 09:48, kimchi said:

 

Another weird thing the ATMs around here have been mostly out of use for the last ten days or so, never seen it before.

Same near me in the NW too.  I cannot see the Government with holding the cash it must be the banks!!  

Which were on the radio the other day complaining about ATM's, saying that the banks had closed 1000's and the banks wanted to charge for cash.  

IMO if you work you should be able to claim your money at the end of the week in cash from your employer if the banks are charging for withdrawals.  Why should the bank take some of your wages an opt out.     

[kimchi]

21 hours ago, Pipers said:

Same near me in the NW too.  I cannot see the Government with holding the cash it must be the banks!!  

Which were on the radio the other day complaining about ATM's, saying that the banks had closed 1000's and the banks wanted to charge for cash.   

Worrying to hear the same thing is such a far away part of the country.

Christmas Eve I think front page 'news' was local bank branches closing. Since then the ATMs don't work, and Barclays is making it hard to pay money in.

Bail ins and charging for holding your cash, I wonder which of the two is next...

The lettuce shortage wasn't an accident last year I am certain. It was a test. And there was basically fighting in the aisles over lettuces ffs, imagine if the whole food supply hits trouble

All bad signs and I'm beginning to think Crypto is the only answer to this mess. I've resisted so far, but it's starting to seem inevitable.

(The banks own the government one way or another imo, but that's a different thread perhaps!)

21 hours ago, Pipers said:

IMO its the banks at it not the Government,  the banks know or believe people have been stacking cash and this is a way of confiscation.  The banks really are b-stards, scoundrels, rotten f-ckers. 

I was listening to a chap (who is often wrong on a lot of esoteric and health things, but gets quite a lot right economically) and he said it's as you say, and is a type of hyper-inflation. Not one where (yet) you need a wheelbarrow of cash to buy a banana. But behind the scenes - where folks are storing their wealth (or what wealth they have) and not spending. The banks create extra 'money' to 'keep things going' and then when scarcity kicks in the whole lot starts chasing the few commodities (conspicuous hyper-inflation). He said the former is what happened to the Weimar Republic, and the latter was the result/outcome. I only studied economics up to A-level and not specifically the Weimar Republic so I can't comment, but it's a new take for me, it made me think.

Mind you, one of my best friends at school is now the Economics editor for one of our biggest (respected, 'serious') papers. He didn't even take Economics with me! So I think many of our guesses are better than the so-called 'experts'!

[Pipers]

You maybe right right about hyper inflation, the appointment of the next BOE Governor will tell us a lot more in this area If Andy Haldane becomes Governor  then we can say without a shadow of doubt cash will be go rid of within 10 years.  IMO this will be a very bad decision as the poor and working class will start to barter instead, the lower middle class will look to collectibles, commodities and cryptos;  all rather than using the bank/Government method of payment. 

We must remember this country is a democracy built on the idea that one is free to trade and gain wealth.   The removal of cash,  the ability of easy exchange of trade between two people is very worrying.  This will be a very dark day, have a dark damaging heavy weight body blow that  causes waves of pain and anger which cuts right though a large majority of the population.  

I can only say  the conservatives must want to lose the next election as a lot of small businesses rely on cash transactions and thats where their votes come from.            

[KDave]

I used to think removal of cash was linked to negative interest rates, a part of cb attempts at saving the system, doing it as a practical measure to make sure policy was effective. But since various countries including India have been heading that way it just looks like a text book government tax grab. 

Everything seems to come back to government trying to spend people's money.