Thread: Banks & Credit Cards

Originally Posted by loanrangie

In the digital age there is no excuse for not paying on time, your bank app on your phone or email on PC will remind you when a payment is due.

For a start, the OP has already pointed out one of the major reasons for not doing internet banking. And today we have news of another massive data breach! A second reason is that some of us do not have sufficiently reliable internet to be certain of being able to do time critical operations such as paying bills reliably.

And expecting everyone to use their phone for everything assumes both that everyone has a smart phone and is prepared to risk their banking to it, and secondly, that there is universal mobile phone coverage. Neither of these is true.

Well said, John. Even in Brisbane there are patches of no mobile phone service. Lots of places in rural areas are out of range. Last time I drove to Winton there was no mobile coverage past Darr River until almost in Winton. Friends who farm between Clifton and Leyburn sometimes have to go outdoors and climb a hill to use a cell phone.

How ironic! I was reading John's comment and my internet dropped out.

It is blowing around 20-30 knots though so, I'm not surprised. Aah, banks and Telstra.

The 'cash economy' is still alive and well.

I couldn't survive without cash, it also means that Big Brother doesn't know what I'm buying & where. Also applies to SWMBO as she might object to a few of the purchases......well most in fact !

I understand why banks want you to go electronic but with the current interest rates you'd be better off keeping it in a box under your bed ! Problem is most employers couldn't handle paying you in cash.


Colin

Evidently the Banks have not learnt anything from the Royal Commission into banking!

No, ANZ didn't pass on the whole of today's rate cut either.
You can always do what we did a while back - ditched one of the big four and went to a smaller bank, BOQ. Working well so far.
Internet banking can work if you don't save your password anywhere, except in your head.

We would not have to have a Banking Royal Commission if the banks could be trusted with your money.,that is why I will not let them do direct debit. I allowed my telcodo that once & they started taking money out some times twice a month untill I caught them & asked for the money back.

I went to bank recently first time in ages I have an account but no card so didn’t think I could use ATM ( but I could) everyone lining up to use the one and only teller was elderly. What more to say once we’re gone it will be all online. And - online banks I’m now using are way better than my big 4 account