What I Need From A Bank
I’ll start by listing, what I use my bank, Nationwide for.
- I use it to hold my working money.
- I use it to collect any payments from my pension or people like Zopa.
- I use it to pay all my standing orders, direct debits and other bills I pay directly.
- I use their cash machine network to get the cash I need.
- I have one of my credit cards from them, as I like to have both a Visa and a Mastercard, as some people only accept one card.
On the other hand.
- I don’t borrow money from them, except for my emergency agreed overdraft, if I get receipts and payments out of sync.
- I rarely write cheques.
- I don’t need a branch, except to pay in the odd cheque.
If banks dropped cheques, it would make a traditional bank unnecessary to me, as I could then do everything on-line.
So I would envisage in a few years time having a bank that did the few things I needed on-line and didn’t charge me for it!
Will it happen? Not if the banks have any say!
The Anonymous Widower 
I agree, except I would add number 6; I need a debit card as I am happy to pay many suppliers directly without the need for them to pay charges to the credit card company. I only use a credit card when I need the protection it provides.
Comment by John Wright | July 8, 2012 |
For smaller sums, I tend to use debit cards with the Queen’s head on them. I rarely use an actual debit card, as I tend to make most big household purchases in John Lewis and I have their credit card. For travel, I use my AMEX for the insurance.
Comment by AnonW | July 9, 2012 |
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