Bank refused to accept cash!

[Ecoprincess]

Seriously.

The National Irish Bank in Boyle refused to accept cash, they have apparently gone cashless, and as the assistant said "sure we are closing down this branch and all the branches and banks will be going cashless soon"!

I muttered something about no wonder they went broke and left!

WTF? Banks not accepting cash, what are the few businesses that are surviving going to do with till money?

:confused:

[C. Flower]

Lenihan and Co. tell us that the tens and billions we've paid out have gone to fund a functioning banking system.

[Ecoprincess]

Yep, they just didn't say where.

All over Europe, you can just go into a bank and lodge Cash, to a bank in another country so long as you have IBAN nos etc. Here we dont even take cash - really I am so annoyed, angry, frustrated etc and now I have to tell the people that I want to lodge too that we are a bunch of, well you know whats.

Wasn't the EU meant to make us one state or something stupid like that. Wasn't the Euro meant to make all of this so much easier.

[Starbuck]

Heh - I had the same trouble getting my cash OUT of the bank!
Try THAT for frustration.
They put an arbitrary limit of 4k (??) on cash withdrawals, and made an enormous fuss because I asked for 10K - including 'Do you mind us asking what you want it for?' (answer: Yes I do mind. In fact its none of your business, give me my money!).

[Cassandra Syndrome]

Heh - I had the same trouble getting my cash OUT of the bank!
Try THAT for frustration.
They put an arbitrary limit of 4k (??) on cash withdrawals, and made an enormous fuss because I asked for 10K - including 'Do you mind us asking what you want it for?' (answer: Yes I do mind. In fact its none of your business, give me my money!).

You should have said you just met 4 Russian sailors in an agitated state and they were very keen to offload some top quality heroin. They will only take 10,000 Euro in cash, but this stuff is worth at least 100K on the street.

So pretty please with cream on top, give me my f*cking money.

[TotalMayhem]

and banks will be going cashless soon"!

Reminds me of Sweden where they're campaigning for a cashless society with such striking arguments like

"Cash is the lifeblood in the veins of criminality".

"A cashless society is a less criminal society."

"2 out of 3 Swedish crowns are circulating in the 'shadow economy'."

"Folks using cash usually have something to hide, you don't pay prostitutes with a credit card."

"It will improve the tax morale."

At least they have a debate, here in Ireland the banks just say "It's game over for cash". ;)


You should have said you just met 4 Russian sailors in an agitated state and they were very keen to offload some top quality heroin. They will only take 10,000 Euro in cash, but this stuff is worth at least 100K on the street.

Be careful with such daring statements, they may not be sailors at all, maybe not even Russian. When in an agitated state - so i have learned in another thread here - they are probably makhnovists or infected raw peasants from Ukraine, supported by the French prime minister! :D

[DCon]

Heh - I had the same trouble getting my cash OUT of the bank!
Try THAT for frustration.
They put an arbitrary limit of 4k (??) on cash withdrawals, and made an enormous fuss because I asked for 10K - including 'Do you mind us asking what you want it for?' (answer: Yes I do mind. In fact its none of your business, give me my money!).

I am glad I do not live in Ireland.

I went to my bank recently and asked for 10 grand from my account.

The only question they asked was if I wanted it in 100's or 500's.

[Fing Fers]

Seriously.

The National Irish Bank in Boyle refused to accept cash, they have apparently gone cashless, and as the assistant said "sure we are closing down this branch and all the branches and banks will be going cashless soon"!

I muttered something about no wonder they went broke and left!

WTF? Banks not accepting cash, what are the few businesses that are surviving going to do with till money?

:confused:

Funny that, One bank wouldnt let me open an account. Another Bank I went back to told me to more or less go to another, found it strange. By the sounds of things we'll only have one bank in Ireland, anyone guess which bank it might be?

[Murra]

This is pretty worrying. If the banks collapse within the next days/weeks/months, how are we going to buy anything without cash?

[Murra]

I am glad I do not live in Ireland.

I went to my bank recently and asked for 10 grand from my account.

The only question they asked was if I wanted it in 100's or 500's.

I'm contemplating emigration - what country are you in and would you recommend it?

[TotalMayhem]

I am glad I do not live in Ireland.

Since you're living in the Heart of Europe, you may find Mr Westerwelle's recent statement regarding Ireland a bit worrying: "a microcosm of what needs to be achieved at EU level"

Ireland going cashless is just a test run for the bigger scheme. :p

[DCon]

Since you're living in the Heart of Europe, you may find Mr Westerwelle's recent statement regarding Ireland a bit worrying: "a microcosm of what needs to be achieved at EU level"

Ireland going cashless is just a test run for the bigger scheme. :p

I'll be even happier I took my ten grand and bought gold!

[Fing Fers]

This is pretty worrying. If the banks collapse within the next days/weeks/months, how are we going to buy anything without cash?

We'll be saved by the Trilateral Commission.

[charley]

NIB announced this a few months back you have to go to the post office to get money from your NIB account. They wern't to do it until the end of the year.
http://www.rte.ie/news/2010/0601/nib.html

[C. Flower]

Heh - I had the same trouble getting my cash OUT of the bank!
Try THAT for frustration.
They put an arbitrary limit of 4k (??) on cash withdrawals, and made an enormous fuss because I asked for 10K - including 'Do you mind us asking what you want it for?' (answer: Yes I do mind. In fact its none of your business, give me my money!).

Glad to know you, Starbuck :D

[Graham]

Glad to know you, Starbuck :D

Yeah, I wish I had your problems, Starbuck.

If tried to withdraw €10,000 they wouldn't give it to me either but probably not for the same reasons :p

[TotalMayhem]

Mexico seems to go 'cashless' as well, banning cash purchases exceeding 100,000 Peso (little over €6,000).

Mexico's Calderon says will target drug cash (http://www.reuters.com/article/idUSN2612608620100826)

Of course, of course ...

[LeDroit]

This has been going on for about two years. I regularly deposit large amounts of cash from the business and it's a nightmare. They won't accept it at the counter- they look at it like it's radioactive- and you virtually need an appointment to lodge it. Some branches just refuse point blank. One said to me that it'd be dangerous for them to store it! That's why I need a bloody bank!!

Withdrawing and lodging cash is now subject to drug dealing and money laundering legislation. That's why they ask all the questions.

Cash is getting more and more worthless. Look at the price of Gold. ;)

[TotalMayhem]

well, it's not about the value of the currency, or gold for that matter.

it's again all about control and taking away privacy by making all your purchases traceable. Of course, if you oppose such legislation, you have to be a criminal of sorts.

[LeDroit]

well, it's not about the value of the currency, or gold for that matter.

it's again all about control and taking away privacy by making all your purchases traceable. Of course, if you oppose such legislation, you have to be a criminal of sorts.

It's CCTV all over again.

[Baron von Biffo]

well, it's not about the value of the currency, or gold for that matter.

it's again all about control and taking away privacy by making all your purchases traceable. Of course, if you oppose such legislation, you have to be a criminal of sorts.

It's not all bad though. It's possible for instance to see how computerised payment systems could be configured to automatically transfer the VAT component directly to the Revenue thereby improving exchequer cash flow and closing down opportunities for fraud.

[TotalMayhem]

got a better idea, ALL income has to be transferred to the Revenue Commissioner, they take what they need and and then transfer the rest to some cash card for your convenience. :D

[Baron von Biffo]

got a better idea, ALL income has to be transferred to the Revenue Commissioner, they take what they need and and then transfer the rest to some cash card for your convenience. :D

Ah, the PS salary model.

[TotalMayhem]

the easiest way to improve the 'tax morale'. :p

[Nitrous V12]

Heh - I had the same trouble getting my cash OUT of the bank!
Try THAT for frustration.
They put an arbitrary limit of 4k (??) on cash withdrawals, and made an enormous fuss because I asked for 10K - including 'Do you mind us asking what you want it for?' (answer: Yes I do mind. In fact its none of your business, give me my money!).


Damn Cheek.
I would have gone through them for a short cut. Had this problem with Ulster Bank College Green some years ago. Blue bloody murder insued. I hammered them as well over posting my statement to an incorrect address. Nice payment was made to me for that bit of stupidity.

[TotalMayhem]

got a better idea, ALL income has to be transferred to the Revenue Commissioner, they take what they need and and then transfer the rest to some cash card for your convenience. :D

It seems, Her Majesty's Government is adopting my 'idea':

YouTube - Gov. to get direct access to your bank account (18Sept10)

Scary stuff ...

[TotalMayhem]

Greece is actually the first EU member state to restrict cash transactions:


"From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards"

Source: Reuters (http://www.reuters.com/article/idUSLDE61824V20100209)

[Mick Tully]

By the looks of what I have read I am one of the lucky ones I have no money in them so I don't have these problems. This must one of the benefits of being unemployed. Don't tell the two Brian's or they may tax that.

[TotalMayhem]

Well, right now there are at least 3 countries actively restricting the use of cash (Sweden, Greece, Mexico), our own Minister for Justice is on record for speaking out in favour of a "cashless society", in the UK the government and revenue comissioner are seriously considering to collect ALL wages, take out the taxes applicable and then pay out the rest to employees.

The next generation of banknotes will most likely be fitted with RFID chips (it was already considered in 2003 for 500 euro notes only, because of the costs. the plan was scrapped as it would also have allowed criminals to easily detect large notes - or so was the official explanation) as the price for this (now even further improved) technology has come down in price massively. Of course, the official reason will be counterfeit-proof protection but as a neat side effect almost every transaction will be traceable.

[Baron von Biffo]

It seems, Her Majesty's Government is adopting my 'idea':
http://www.youtube.com/watch?v=mcgJnL6s2JY
Scary stuff ...

The principle isn't particularly bad. At the moment workers pay their PAYE and PRSI, but instead of passing it on to the Revenue their employer will trouser it. The result is worse public services and more tax for honest people. A direct payment system would eliminate that sort of fraud.

If something like this was to be introduced I'd like to see it piloted on CC/DC transactions. Say you buy a washing machine on your card. The CC company automatically transfers the VAT to the revenue and the purchase price to the retailer. Same thing for excise duties on petrol/tobacco etc. Dishonest businesses don't get to steal the tax and honest businesses see their compliance costs reduced.

Exchequer cash-flow is improved and income is boosted by fraud reduction. Enforcement resources could be then focused on cash businesses to stamp out the endemic fraud there.

[kerdasi amaq]

Paper in your pocket is money, not bytes in a computer.

Lead, silver and gold. Three precious metals. The last two are worthless without the first.