General > General Technical Chat
Cheques being phased out in Australia by 2030
SiliconWizard:
--- Quote from: tggzzz on October 19, 2023, 11:03:07 pm ---
--- Quote from: SiliconWizard on October 19, 2023, 10:57:28 pm ---
--- Quote from: tggzzz on October 19, 2023, 10:06:25 pm ---But I do have some gold coins secreted away in a hopefully fireproof box. They have increased nicely in value, and, since they are coins of the realm, they are free from capital gains tax :)
--- End quote ---
How dare you try and escape the matrix? You know you don't need coins. You need pills.
--- End quote ---
Too true :(
Must do some research before I really need them.
--- End quote ---
You may need them before you're done.
SiliconWizard:
Which is odd considering your nickname. :-DD
magic:
WTF, you aren't supposed to know :P
tggzzz:
--- Quote from: Monkeh on October 20, 2023, 11:56:27 pm ---
--- Quote from: tggzzz on October 19, 2023, 09:32:08 am ---I've known individuals that have been severely affected by errant electronic transfers. The worst was my bosses' secretary who discovered that she had "lost" half her monthly salary to an unauthorised transfer. The bank agreed it was unauthorised, refunded her money, apologised (but no more) for the <ahem> "inconvenience", said it wouldn't happen again.
--- End quote ---
That's nothing. A friend of mine had a vending machine charge him on the order of $65k, and the bank turned around and said it wasn't their problem. Thankfully, the company operating the machine saw reason. It's more than a little disturbing that an error like that can occur on the wire and not be caught.
--- End quote ---
Ouch! Wouldn't have happened with cheques :)
Presuming he didn't have $65k in the account, why did the debits succeed?
I'm surprised the bank claimed that unauthorised debits weren't their problem.
Halcyon:
--- Quote from: tggzzz on October 21, 2023, 07:25:49 am ---
--- Quote from: Monkeh on October 20, 2023, 11:56:27 pm ---
--- Quote from: tggzzz on October 19, 2023, 09:32:08 am ---I've known individuals that have been severely affected by errant electronic transfers. The worst was my bosses' secretary who discovered that she had "lost" half her monthly salary to an unauthorised transfer. The bank agreed it was unauthorised, refunded her money, apologised (but no more) for the <ahem> "inconvenience", said it wouldn't happen again.
--- End quote ---
That's nothing. A friend of mine had a vending machine charge him on the order of $65k, and the bank turned around and said it wasn't their problem. Thankfully, the company operating the machine saw reason. It's more than a little disturbing that an error like that can occur on the wire and not be caught.
--- End quote ---
Ouch! Wouldn't have happened with cheques :)
--- End quote ---
Well, it probably would have.
Just because you have a chequing account, doesn't mean all the current methods are null and void. Precautions still need to be taken, regardless of the method of payment. If you want to go down the path of fraud, cheques are even more open to manipulation than just about any other method of payment.
If you're meaning that the payment wouldn't have gone through on the vending machine via a cheque, yep, you're right, almost no one accepts them anymore (and last I checked, no vending machine did). Hurrah! Finally a win for an obsolete payment method... security through obscurity. Your reward will be 1 kilogram of black peppercorns. Spend it wisely!
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