Bah

Why would you be swearing about Debit Cards?

You can use a Debit card to buy shares and not credit cards. Now he needs one he doesn't have one.

Yea I got that bit, I was just wondering why he spent years swearing about them, presumably not being a fan of them as he doesn't have one.

Surely you can just ring your bank and say "Send me a debit card" and they'll say "Ok" ?

I don't like them because you're not protected by the Consumer Credit Act. And then a credit card has advantages like cashback and a grace period on all your purchases.

Yes. But if you want to buy shares, it tends to be "I want to buy shares now, before the price changes drastically". Anyhow, my mate what knows reckons we're in for a further drop, so perhaps it's just as well that I'll be waiting a few days for a debit card to come through.

That and the fact that your debit card details are fairly easily swiped by a cash machine, whereas a CC tends to get used less than the cashcard...

Oh noooo, I bet you talk about this 'interesting' stuff in the Pub don't you :-p

Take off your tin foil hat and swear about more important things - like the fact for years you've put money in the bank to keep it safe, only, it's not safe anymore, and now your taxes are been used to give money to the banks to replace your money that they've gambled away and lost!

I think it's wonderful of the gubbermint to lend my money to the bank so that the bank can lend it back to me and charge me for it.

Ho yuss, I'll never vote Labour as long as I live.

How do you get cash out of a hole in the wall?

Not going to do you much good voting Tory then, since they support the this action. As well they might since it's going to their paymasters.

Tin foil hat? I had £550 swiped out of my current account once via my debit card. I got it all back from the bank, eventually, but it wasn't without stress and aggro.

As for savings, anyone hanging onto more than the previously guaranteed £30 odd grand in cash was bonkers, and anyone hanging onto £50k in cash is even more bonkers. Of my money, about 20% is in cash (and that's mainly to do with uncertainty regarding employment) and the rest is invested. I can see why a business would hang onto large sums of cash (cashflow, for a start) but for a private individual who doesn't expect to need it all any time soon, a savings account is a silly place to keep your cash.

Cashcard, like what they give you when you're 12 years old or so :D.

Before anyone lays into me in a huge way, the above is a fairly general statement. At present, hoarding cash may be a fairly good idea. As a long term thing (ie, 15 years or so), it's normally not.

Well that's ok, he can use any of the other 9,000 reasons this government have given us for never voting Labour.

Invested in what as a matter of interest? Something perfectly safe, like a bank account was a month ago heh :-) ?

An NS&I GEB issue from a couple of years ago, that pays 110% of FTSE 100 growth. The worst I can lose is the interest I would have made in a savings account. Next time round, I expect I'll be investing in something riskier with potential for better returns (ie, at the very least, a FTSE tracker with dividends). Any "perfectly safe" place to keep your money is generally somewhere that's not making you any money - the best savings accounts only just outstrip inflation, and once tax is gone, you're probably losing money in real terms.

What's even worse is, the government have screwed up our state pensions, and now thanks to the banks fuckups, the government now have control of a lot of private pensions too. Looks like I won't be the only one working until I drop then.

All those with money stuffed matresses are laughing all the way past the bank now. "Oh yes, I lost out on a small ammount of interest, but what have you lost?" And they haven't been taxed on it.

i can get cash back with my debit card thought they was all like that?

I think he means cash back from the CC company, rather than asking for a tenner to be stuck on the bill at the checkout.

Using CC shafts the merchants though.