I'm in and out if shops all the time for reductions and prefer cash. I take out €200. It does me well over a month. I don't like being tracked by my bank.
I was over on Spain recently. Cash is used more frequently there from my experience
And the ECB.Personally I don’t think an entire system should have to be redesigned to suit a small minority of recalcitrant conspiracy theorists.
The biggest opponents of a cashless society are criminals and tax evaders.
No, they wouldn't. They'd review the bank's AML records and be satisfied there was nothing of concern.If the Revenue saw that they would ask questions about such a large cash lodgement when there was no cash lodgement.
People should have the freedom to use cash if they so chose. They shouldn't bullied into cashless by vested intrests making them feel guilty or marganalising them for using cash.. Lots of people prefer cash for budgeting purposes, they might not have a bank account. Its not all tax evaders and criminals and conspiracy theorists. I travel alot and see alot if cash used in day to day transactions both here and abroad.Personally I don’t think an entire system should have to be redesigned to suit a small minority of recalcitrant conspiracy theorists.
The biggest opponents of a cashless society are criminals and tax evaders.
I don't like my bank statement peppered with miniscule transactions, coffee here, milk there etc I like it kept tidy with the least transactions. That's why I withdraw €200. It does me a month. What's wrong with that. I prefer it that way.I'm not sure that your bank is that interested in how many Jaffa cakes or toilet rolls you're buying.
People should have the freedom to use cash if they so chose. They shouldn't bullied into cashless by vested intrests making them feel guilty or marganalising them for using cash.. Lots of people prefer cash for budgeting purposes, they might not have a bank account. Its not all tax evaders and criminals and conspiracy theorists. I travel alot and see alot if cash used in day to day transactions both here and abroad.
I don't like my bank statement peppered with miniscule transactions, coffee here, milk there etc I like it kept tidy with the least transactions. That's why I withdraw €200. It does me a month. What's wrong with that. I prefer it that way.
Revenue would be able to check whether the bank had satisfied AML rules on accepting that transaction.10 years down the line If your bank statement said " cash lodgement" for a large sum transferred by credit transfer how would you prove it wasn't a cash lodgement if other records weren't to hand and Revenue Commissers queried what at face value appeared to be a cash lodgement.
I remember reading reports of when the Troika came in to bail out Greece and finding whole sectors of the economy there running on cash with minimal earnings or transactions being reported. They used satellite imagery to identify hidden mansions and swimming pools of those supposedly living on the bread line, resulting in billions in back taxes being charged.That’s because tax evasion and the black economy are huge in most Mediterranean countries!
There was apparently a tax on swimming pools, but only a ridiculously low number of people had paid when compared to the satellite images. Apparently only foreigners actually paid the taxI remember reading reports of when the Troika came in to bail out Greece and finding whole sectors of the economy there running on cash with minimal earnings or transactions being reported. They used satellite imagery to identify hidden mansions and swimming pools of those supposedly living on the bread line, resulting in billions in back taxes being charged.
Yeah, apparently less than 2% were declared in the Athens area.There was apparently a tax on swimming pools, but only a ridiculously low number of people had paid when compared to the satellite images. Apparently only foreigners actually paid the tax
How long are those anti money laundering records held.Revenue would be able to check whether the bank had satisfied AML rules on accepting that transaction.
That is a good idea to use Revolut for multiple daily transactions with the reassurance of instant notifications. I do use Revolut for online transactiins like Ryanair, accommodation etc. but I prefer withdrawing from an atm my months cash requirements for day to day spending. Call me old fashioned.That’s one of the reasons I use Revolut.
Personally I split my 'pocket money' between Revolut and cash. I like cash for small amounts, tipping, giving small presents to young family.Personally I don’t think an entire system should have to be redesigned to suit a small minority of recalcitrant conspiracy theorists.
The biggest opponents of a cashless society are criminals and tax evaders.