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Cheques being phased out in Australia by 2030

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AndyBeez:
Anyone paying in crypto?

Halcyon:

--- Quote from: AndyBeez on October 09, 2023, 11:42:54 pm ---Anyone paying in crypto?

--- End quote ---

Maybe 10 years ago.

David_AVD:

--- Quote from: AndyBeez on October 09, 2023, 11:42:54 pm ---Anyone paying in crypto?
--- End quote ---

I saw some news the other day:
"Honda has announced a groundbreaking partnership with FCF Pay to accept cryptocurrency payments for their products."

tggzzz:

--- Quote from: Halcyon on October 09, 2023, 11:34:24 pm ---In my experience, all the banks I've banked with allow customers to access up to 10 years' worth of transaction statements, instantly, online. If you need older, the bank can retrieve that for you. Most banks will also send out paper statements, if requested. Besides all that, you yourself can elect to keep all the paper trails you want by simply printing them yourself.

--- End quote ---

10 years isn't enough.

I know that here HMRC (Revenue and Customs) can demand paperwork (w.r.t. probate and inheritance tax) from 20 years ago[1]. Banks certainly don't keep statements available that long.

When daughter went to university I went and looked at my bank statements from when I was at university. I was able to see that her income-vs-expenditure was very similar to mine, with the exception of the "new" tuition fees. That gave us both the good feeling that she should be able to manage; she did.

[1] other timescales are 4 years for genuine mistakes, 6 years for carelessness, 12 years for “an offshore matter or offshore transfer”, 20 years for deliberate tax evasion

tggzzz:

--- Quote from: David_AVD on October 09, 2023, 11:32:39 pm ---
--- Quote from: tggzzz on October 09, 2023, 11:27:47 pm ---
--- Quote from: David_AVD on October 09, 2023, 11:14:56 pm ---
--- Quote from: tggzzz on October 09, 2023, 09:19:35 pm ---And bugger the others; they can go to hell.

Most people can see. Bugger the blind - it is uneconomic to enable them to be part of society.

--- End quote ---

I have no idea which part of my reply you're referring to.

Are you saying the blind can't use credit cards but they could use cheques?

--- End quote ---

The attitude that because some old people use newer tech, those that can't are somehow at fault - and can therefore be discounted and can be ignored.

--- End quote ---

No, that's you projecting that story line. I was merely pointing out that age / generation is not a general barrier. You're certainly getting your exorcise,  jumping to conclusions. :)

--- End quote ---

Here's the bit you conveniently snipped in order to make that claim....


--- Quote from: David_AVD on October 09, 2023, 09:12:31 pm ---My parents are in their mid - late eighties and use internet banking, tablets and smart phones, etc.

I don't know of anyone who has written or received a cheque in the last 5 years.

Tax refunds, etc all go straight back into your bank account.

Most of my customers use credit / debit card via the tap function, a few insert the card and a few use their phone / watch.

The phone / watch users are not always the young ones either. Some are in the 50 - 80 year old bracket.

--- End quote ---

The relevant proverb is "The race does not always go to the fastest, but that's the way to bet".

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