6 Banking Services That Will Be Obsolete in 10 Years

Get used to banking without these six services.

For decades, banking was a mundane, routine task. You visited a local branch to open or close accounts, deposit, withdraw and transfer funds. If you wanted to apply for a mortgage or loan, you made a personal appointment with a banker.

Now, you rely on your smartphone and online banking to complete most of your transactions. Technological advancements have made online banking and mobile banking fast, flexible and convenient.

“Banking is a notoriously slow-moving industry, even in the technology age, so there likely won’t be a radical shift in the products and services offered in the next ten years,” said Mike Catania, an engineer, mobile-payment app developer and founder of PromotionCode.org.

Although it’s difficult to predict the rate of change in banking practices, here are six banking services that might become obsolete within the next decade.

See: 6 Exciting Bank Features for 2016

bank branches tellers
YinYan / iStock.com

1. Bank Branches and Bank Tellers

A decrease in physical bank branches over the next decade is plausible given the recent frenzied introduction of new technology to financial transactions and the changing customer demographics. Local bank branches are staffed by bank tellers who, although they are the consumer-friendly public faces of the financial institutions, could quickly be on their way out as well.

“The role of tellers has markedly decreased over the past 15 years and the next 10 years will eliminate most of the jobs in the form of more advanced ATMs,” Catania said. The number of teller jobs is expected to decline, according to Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition. Specifically, the 10-year outlook from 2014 to 2024 is that employment of tellers will decline by 8 percent.

“The digital transformation of society is driving a significant change to enterprises of all types — including banks — to ensure that they adapt to the evolving preferences of their current and future users,” said Ricardo Villadiego, CEO of Easy Solutions, a company providing fraud prevention and detection solutions to financial institutions. “As millennial and future generations become the majority of the user base of a bank, this transformation will be accelerated in the institution to keep pace with the preferences of the new majority … [who] like to get things done rapidly and efficiently and don’t necessarily value the personal touch of previous generations.”

passwords pin numbers
ShotShare / iStock.com

2. Passwords and PINs

It can be annoying to remember different alphanumeric passwords and PINs for all your online bank accounts, plus you’re required to change them regularly. However, pesky passwords and PINs are rapidly becoming features of banking past.

Many big banks, such as Bank of America, Chase, Wells Fargo and Citibank enable customers to access their accounts via various biometric methods including fingerprints, eye scans, voice recognition and facial contour recognition, according to The New York Times. Financial institutions believe these new verification methods offer increased security over passwords that can be hacked. So, in favor of these more secure methods, passwords and PINs could phase out completely in the next 10 years.

Related: How SmartMetric’s Fingerprint Technology Can Prevent Billions in Credit Card Fraud Loss

checks paper statements
Devrim_PINAR / iStock.com

3. Checks and Paper Statements

For decades, people paid their bills with paper checks, whether in person at the grocery store or by mail to the electric company. Commercial banks mailed monthly paper statements to customers with checking accounts, as well, before gradually offering customers the option to obtain account information via phone.

The next step in the financial services evolution was online banking and, more recently, mobile banking. You can now view all of your banking statements, and current account balances, online or from your phone no matter where you are.

Although you can still get paper checking account statements, many banks such as Citibank and Bank of America will provide them only if you pay a fee, which might be $5 per statement. In addition, your paper statement previously included the physical checks that you wrote during the monthly period. Now, even if you receive statements in the mail, most banks do not send the canceled checks. You can get copies from your bank, but they might charge a fee. So, it’s inevitable that banks will phase out the use of all paper items altogether before long.

cash money
Ben Harding / iStock.com

4. Cash

This one might be hard to believe, but a whopping 62 percent of Americans think the U.S. will be a cashless society within their lifetime, according to a 2016 Gallup poll. Services such as PayPal’s Venmo app, Apple Pay and Square Cash facilitate real-time money transfers between people using a mobile app. And big banks like Chase, Wells Fargo, Bank of America and U.S. Bank are elbowing each other to get into the person-to-person payment funds transfer market also, reported the New York Times.

The use of papers bills and coins might decrease over the next 10 years, although it’s hard to imagine that hard currency will disappear completely. Who knows, maybe even gumball machines will start to take mobile payments, too — or at least credit cards.

ATMs debit cards
m-gucci / iStock.com

5. ATMs and Debit Cards

As we increasingly become a cashless society, ATMs will likely become extinct as well. Debit cards are the current method of access to ATMs, but customers already use their smartphones rather than machines to deposit paper checks — while they still exist.

“I believe that the debit card will become a piece of financial services history within the next eight to ten years,” said Patricia Hewitt, a strategic advisor to the payment industry. “Replacing it will be applications that transfer depository funds on an as-needed basis in real or near-real time.” In fact, Hewitt predicted there will be little need for services such as ATMs because most cash transactions will be handled using apps.

Other financial industry experts also anticipated the demise of debit cards and PINs, particularly due to fraud concerns. “A static PIN can be stolen and reused, and cards can be cloned easily by fraudsters,” said Shane Stevens, director of omni-channel identity and trust solutions at VASCO Data Security International, Inc., a company that provides two-factor authentication and digital signature solutions to financial institutions.

traditional loans
kate_sept2004 / iStock.com

6. Traditional Loans

Historically, to apply for a mortgage, auto or other personal loan, customers had to go to a physical branch, meet with a loan officer in his small office and fill out stacks of paperwork. Next, they had to nervously wait for approval from another bank department. This process seems to be falling by the wayside.

Peer-to-peer or P2P lending debuted in 2006 to connect borrowers and lenders via an online platform for personal loan amounts typically ranging from $1,000 to $40,000. The current industry leaders are Lending Club and Prosper, with many other P2P competitors ramping up. Even SoFi, originally known for student loan refinancing, offerings have expanded to mortgages and personal loans.

Lenders such as QuickenLoans and Guaranteed Rate offer home mortgages with a completely online process, from application to approval and closing, as well. So it would seem like bank loan officers might become a thing of the past with more and more P2P opportunities on the rise.

How To: Automate, Date and Let Go of that Budget

These coming shifts in how we interact with financial institutions will likely be met with resistance by some. But those who accept change in the banking industry and adopt new technologies will be the first to reap their benefits. Aren’t you glad you no longer have to go to your bank to cash your paycheck every couple of weeks?

  • Ted G.

    Will physical bank buildings really disappear? That sounds so impersonal…I like walking into a branch.

    • Angelo_Frank

      Perhaps the biggest and oldest ones will be museums.

      • 18235

        one bank in my hick town is now a restaurant….another became a bar, with the bar having the big outside stone columns you’d expect to see for an old bank.

        • Mitchell

          LOL! The restaurant undoubtedly dishes up lots of concoctions with the likes of kale and quinoa, and the bar, of course, serves artisanal cocktails.

      • RaterZed

        A few years ago, I walked into an antique store here in Indianapolis and found out it had been a bank years ago. The vault was still in there and was dispalying the old stuff. I haven’t been backj since the recession started so don’t know if it is still selling antiques or something else now.

    • Well since ownership of precious metals has sky rocketed those small town banks with vaults with 1 ton doors and safety deposit boxes might come in useful.

      • UNTIL the Feds use the powers they recently claimed in letters to Bank Branches all over the nation to inspect and cease the contents of savings deposit boxes.

        • PammieSue

          Did you mean “seize”? Cease the contents . . . . that’s funny right there!

          • Being dyslexic and angry are not conducive to proper spelling… Thanks for the correction.

    • Ed Budman

      There will always be a competitive bank that sticks with brick and mortar buildings. In the future, they will be the bank that gets my business.

      • tlan91

        Thank you. I hope alot of people feel this way. I’d like to have a job in the future instead of being replaced by a computer.

    • Karen Belter

      for complicated business, there should always be some advisors on site.

      • Peter Field

        Even for “basic problems such as “bank errors” it is best to talk face to face!

    • John Hillman

      The smaller locations inside other buildings and businesses are the future. Almost every grocery store near me has a bank “branch” in it. The grocery store I to to has a staff of 5 or 6 most of the time.

      • David Christie

        One of our state’s largest banks has announced that they are closing the majority of the their grocery store locations due to the trend of everyone going digital. Supposed to start closing and moving employees to other spots after the first of the year.

    • Alouisis1

      Banks tried this several years ago attempting to rely on in store banking and ATMs. The result was a loss of business to security brokerages, credit unions, and other alternatives – leading to the reintroduction of stand alone branches.

    • rodolf

      No, but they will stop being used as bank branches and be re-purposed for some other use.

    • tlan91

      Thank you! I appreciate you. I work for a small community and our tellers greet our customers by name.

  • Another commenter

    Online banking services are the hardest on lower income people. The confusing array of rules regarding deposits, withdrawals, automatic bill paying and such make it more difficult for the poor or the naive to keep track of the money they have and causes them to incur increasing fees that further push them back into poverty. The luckiest people to embrace online banking features are those who are not forced to wait for a check to clear before they can pay bills. The alternate banking services for the poor consist mainly of storefront paycheck loan businesses that prey on the naive and undereducated. Meanwhile the more you do yourself as a customer, the less the bank does and the higher their fees.

    • Walmart cashes checks under 1K for .50 cents to a couple bucks. They have the load your own VISA cards you can recharge for 4$ a pop. They are in every state and city greater than 15K.

      I bank with the largest bank in the world and with their online banking app it takes 2-3 days for bonus checks to clear.

      Don’t think people with money don’t have the same issues.

      I go use Walmart money center because it’s cheap and convenient.

      Walmart money order .70 cents!

      So I use the big banking services but I also utilize Walmart. It’s always good to have back up plans with your cash.

      • Another commenter

        So out of your $1000 besides paying bills, you have to pay something like .5 to a couple of bucks. Then you load a Visa card for four bucks? That $4.50 is a lot of money to be giving away when you only make $1000.

        • 18235

          I’m poor—and I have a reloadable American express card from walmart, that doesn’t charge for re-loads, or a monthly fee…I’m still wondering how American express does it.

          • Really? I’ll check that out thank you.

          • 18235

            you’re welcome.
            days ago, I reloaded a whole 10 dollars onto my American express/walmart card—-with no fees to do so.

          • bilgeez

            fees they charge to credit customers and Forex trading

          • 18235

            so, the well-off pay for the poor’s “free lunch”?

        • Peter

          I have a net spend card, META BANK – reloadable, they charge me $1 whenever i pay something with card and charge me $2.50 whenever I use ATM (not counting the ATM fee, since officially META BANK does not have any ATM (they rent them to gasoline stations, liquer stores etc) So if I just get want to get my salary for every $300 (which is maximum I can withdraw) so I pay $ 5.50 + what comes to about $50/month. I cannot use regular bank or savings union because Wells Fargo and BofA ripped me off whith fees I did not want to pay… Now they are telling us that this is progress. Do not make me laugh !

          • Dennis

            Sounds like you made some poor decisions and have either bad credit or a record with Chexx service that the banks uses. It’s pretty easy to clear those up, FYI. I had issues with it when I was younger but have since cleared them up and use regular local credit unions.

        • Eleanor LeTourneau

          You got that right, my son was on SSI received $688 a month then had to start a checking account to have check put into it, had to go to 4 different banks before found one that did not make him keep $100 in it for free checking. It wasn’t like regular banks but a savings one. Oh an yah he had a vehicle it was a 1988 truck, TV given to him, people had helped him or given things. Every penny counts when you don’t have it. He had to watch his beloved cat die before him because no vet would check him out or take monthly payments so he could bring him in. Think banks do for themselves not the general public.

      • Sharon

        In some Walmarts, the money order fee is 55 cents.

    • Belial Issimo

      1. Why do you believe that the poor are stupid? A person may be poor but he has no less capacity to keep track of his money than a rich man – and far more incentive. And there are plenty of rich people who have no capability – and in many cases no interest – in keeping track of their bank balance. Many of them exclusively use debit cards, one of the most insidious and dangerous means of money transfer there is.

      2. Storefront payday loan businesses don’t “prey” on anyone; they offer a service that is useful and needed to many people. Numerous studies have shown that payday loan usage is a rational economic decision for some people, and that the overregulation or lack of such services causes greater economic distress to them than they are already subject to. Here are a couple of links on that point:



    • Peter Georgevic

      Maybe the naive should start making an effort to get educated, I am so sick of hearing how people are being taken advantage of well basically because they claim to be stupid, no other word for it.

      • Peter

        my dear friend… the education is in shambles, state is in biggest crisis since 1792, schools are not teaching creative thinking but blind obedience. 30 years ago it was enough to have high school not to be poor through life. Now the value of work went so much low that you must have at least bachelor’s degree to make semi decent life.
        Immigrants have made gains across the labor market, including
        lower-skilled jobs such as maintenance, construction, and food service;
        middle-skilled jobs like office support and health care support; and
        high­er-skilled jobs, including management, computers, and health care
        practitioners.The supply of potential workers is enormous: 8.7 million native college
        graduates are not working, as are 17 million with some college, and 25.3
        million with no more than a high school education.
        So please GET REAL we are going down as sure as TITANIC did.

    • 18235

      low income people don’t have the couple hundred dollars minimum that must be kept in the typical bank—or otherwise be charged ten dollars a month for the under the minimum amount they do have in the bank.

      even in my hick town, there are now two check cashing businesses.

      • bilgeez

        i have cap one checking acct and I have NO minimum, I pay no fees, I even get paid interest! I only had to have $25 initial deposit, who cant afford that? even welfare bums can scrape up 25 bucks unless they are a huge crackhead!

        • 18235

          yes, too many welfare bums are also crackheads.

          I’m glad my bank went from “bank of America” to a local bank, when I had 7 dollars in my savings at one point….bank of America used to charge 3 dollars just to use THEIR OWN atm, after 3 free uses per month, despite having a savings account with them.

          • Dennis

            Not saying it is right but most banks charge you fees unless you have a CHECKING account with them.

      • RadicalCenter

        They find the money for cable / satellite TV, though, don’t they? And cigarettes, alcohol, marijuana, smartphones, lottery, etc.

        Give me a f—– break claiming that “the poor” don’t have enough money to open a bank account. Most people even with low incomes have enough to open a bank account if they don’t waste it on vices and luxuries like those listed above.

        Try and tell me that low-income people don’t, in fact, spend vast sums on everything I listed above, proportionally much more than higher-income earners.

        • rodolf

          A lot of Puerto Ricans are usually seen loitering around check cashing places… makes me nervous!

    • bilgeez

      Wait for what? my checks I deposit remotely, online w Capital One clear in two days, the funds are in my account. If someone cant wait 2 days to pay a bill, they need some serious money management counseling! there is no excuse for educating oneself. Schools need to teach more life skills and less sex skills or empathy for homos!

      • Taz_man

        When I went to school we were tought how to write a check and how to balance a check book. I would almost bet that there are only a few high school grad that can make change for a dollar?
        In ten years I will bet that there won’t be a hand full of kids who can spell period. All you see is them texing U R for” are you” There is now used for there and their.

        • Donald Scott

          Please don’t throw rocks when you live in a glass house.
          Reread your rant, then try spellcheck.
          Their are 3 Theres. I just can’t think of the third one this early.
          I agree with the New Shorthand English Problem. Mainly
          for Texting, or to avoid the car in front of them.

          • Taz_man

            donald I did read my rant and I did misspell texting and reversed R U but all the theres I used were corrrect. I did leave off they’re.
            But who died and made you the Grammer Queen? If this is all you can say or contribute to this please STFU.

          • Donald Scott

            Sorry Taz_man
            I had English Beat into me, and it Hurt my Brain to see true Mess-ups.
            It’s hart to be good at 4:00 AM.
            No Foul. I am cool with Your reply.

          • Taz_man

            I to had english drilled into me. At 65+ years old I sometimes get things wrong too.
            The english lang. is hard to learn like To,Too,and Two or red and read or even see and sea. The list goes on and on.
            I learned a long time ago not to live paycheck to paycheck.I have given up trying to teach the me gen. how to live what we think is the right way but they only want to spend it NOW
            We are cool.

          • Bankster

            “Too”, not “to”.


          • Taz_man

            Thank you I had forgotten that TOO ment ALSO and not just to much.
            Are you now the grammer nazi or just a smartass?

          • Mitchell

            The third one is “they’re,” Donald — but BtW, Taz, you misspelled “grammar.”

          • Taz_man

            So I now deem you the new grammAr Queen.It is such a hard life but someone has to do it. KOA

      • we speak english

        *high 5*

      • rodolf

        They need to start teaching math and history again instead of fisting and analingus

      • PammieSue

        And there went any hope of an intelligent conversation.

      • Mitchell

        Get over it, Bilge! Homos tend to be quick learners when it comes life skills. Necessity is the mother of invention. Come to think of it, with all the empathy we’re ostensibly getting, we risk becoming as mediocre as breeders — but for now, I’m not too worried.

      • Stephanas Razsa

        Grow up! What do homos have to do with it? Not secure in your sexuality bilgeez?

    • Peter Field

      Bank make a significant number of errors for the “auto-bill pay.” I stopped using those services because of that. There were constant double payments and even triple payments that caused account problems. I will keep track of my own bills – thank you!

  • The baby boomers and their parents aren’t largely familiar with online banking and they are the millionaires of our society. Life expectancy is around 76 and people with money it’s closer to 80.

    We will have banks for the next several decades. Rich people live long and money talks.

    There will ALWAYS be some sort of brick and mortar facility in towns over 8K.

    The brick and mortar will reinvent itself.

    First financial just bought out Bank of America in the Midwest and they are currently renovating and building new banks in hundreds of locations.

    I think they know something we might not. Why would they go all in on a dying business?

    • tanstagcopc

      The writer of this article forgets that Asset Management is a relationship-driven service. And most relationships are better managed with face-time, not computer time.

      Lack of personal interaction turns out to be one of the biggest complaints about the banks that have tried to do away with it.

    • Kyle Greer

      I think baking may be the only business that wins when you win and wins when you lose. They recive money to lend – for free – then lend it for 16-24% interest.

      The least amount of profit a bank can make on a mortgage loan is you you to pay your bills on time. If you pay your mortgage even 1 day late you incur a minimum of $30 additional late charge.

      The highest profit a bank can make on a mortgage is for you to default on your home loan. There are the late fees, then there is the selling of your home to the bank’s house-flipping buddies. The buddies get a heck of a deal and the former home owner gets to pay the difference of the home’s selling value and the loan amount. the home owner nearly always looses his interests in the deal. Even bankruptcy will not save the homeowner.

      then the homeowner racks up bad credit. Even though the bank has made more off the poor joe than they would if he had paid off the 30 year loan on time.

      I believe the word is croneyism.

      The banks will never die. They have a huge unfair business advantage over any other industry on planet earth. Doing business electronically instead of a brick and mortar store only adds to their bottom line.

      I bank with USAA. They are located in San Antonio TX. I live in Washington State. I have absolutely no need to visit a brick and mortar bank. Do all of my loans on-line. Pay my bills on-line. Direct deposit. Bank statements via e-mail.

  • J2

    If physical bank branches are going to disappear, then why are new bank branches being built in my area at a furious pace? Most notably Wells Fargo and Chase bank (Bank of America, of course, just merged with all the existing bank branches).

    • bisquitbrain

      To get new customers. You must be living in a high growth area.

      • 18235

        two banks in my rural slum closed, with new banks opening on the highway outside of my hick town, and one bank now located in the grocery store of the strip mall outside my hick town.

        • bisquitbrain

          Ha, I am looking for a nice rural slum to retire to. All this nonsense makes me want to live like a hermit in a small town with a few nice neighbors. All if need is a bigger fridge, and the necessary security equipment.

          • 18235

            nice neighbors in my town is debatable, along with neighbors with teeth…though, yeah to necessary security;)

          • nearoffutt

            My village of 800 is nice and I like I do not even know all my neighbors. We have no city cops, a good bank, good grocery store, a bar, gas station and a pizza joint. The volunteer fire department is very active. I do almost all my banking on-line and plan to switch to a credit union next spring after my automatic payments into my current bank end.

  • Susie Adamson

    Question !: what makes you think everyone has or WANTS a computer?
    Question2: with computer- hacking increasing by the day, why would anyone in their right mind want all of their financial information on the internet?
    Nice way for the government to snoop into everything you do, isn’t it? Not me. My computer is going bye-bye. Give me what has worked for years, not more intrusion.

    • John Hillman

      Bet you said you would never have a credit card too. They do not care what YOU, as an individual, want. I am 71. I have not written a check in over 20 years. I do not even HAVE any checks.

      • Peter Field

        I had several credit cards, now I am 71 almost 72 and I got rid of them all and do only cash transactions! I am much better off and I do not miss them in the least!

        • John Hillman

          We are about the same age and have the same thoughts.

          • robert hammers

            I had a coworker who used only cash. He was one of the only ones around to do that frequently. Now his wife is a widow because a thug with a gun wanted that cash. Cash isn’t always a good thing and can make you a target in some areas depending on where you live -even if you don’t let anyone know you’ve got it. Ever gone traveling? If cash is stolen its gone, But stolen credit cards can be blocked and quickly replaced. Cash also makes criminals hard to trace. No matter how you look at it its a tradeoff: Security vs convenience. You decide.

          • John Hillman

            I carry a DEBIT card. Even those have been breached. Fortunately the companies I deal with question transactions not in the normal pattern of my life.

            I prefer to have cash on hand. I do not carry a lot on my person. I learned a harsh lesson 60+ years ago. We came home to find our house had been burglarized. The guy that did it would hang out at the local grocery store. He would watch for people that cashed their paychecks, follow them home, then burglarize their homes at a convenient time. He did NOT get the money from the paycheck but he did strip the house of our meager possessions.

          • BIGEAGLE

            THEY ALSO REQUIRE “PIN ” #’S ******************

          • rodolf

            Stop screaming you drug addict

          • CARMEN LUCZAK

            Maybe you people think typing in all caps is SCREAMING. Maybe it’s easier for some to type in all caps or all smalls. What does any one care? They are just typing comments. Mountains out of molehills.

          • ginger

            I also don’t know why it upsets anyone because someone types in all caps. There are some people who have problems with their sight and can only see the larger print in caps. May the inconsiderate ones never have to experience this problem,,, but if they do, may they remember the rude comments they are guilty of making

          • Steve

            It’s easy enough to increase the size of the text on your browser by holding the “Ctrl” button and using the scroll wheel on the mouse or hitting the “+” button.

          • Fred H. Smith

            they gotta make you think YOU are the ignorant one here,,they don’t have mirrors either

          • Jai Guru

            Maybe those people should take responsibility for their own lives and turn the font up in their web browser instead of making it everyone else’s problem.

          • sweetone2

            Exactly! They just want to appear ”superior.’

          • Therese Shellabarger

            It’s an internet tradition. If you are visually impaired, just say so and we’ll move on. Everyone else has to pipe down on the “caps” because in internet parlance, “caps” = high volume.

          • Kam

            Thank you Therese. Have some respect and follow good cultural norms if you want to be respected. It does mean LOUD volume. That said, I think everybody needs to calm down… Nobody’s making a mountain, or guilty of anything, especially not being rude. What a warped perspective those two must have. But I’ll stop there bc I don’t want to say anymore offensive words like warped or there might be a global meltdown… No You’re and your on the other hand, who cares, some people are dumb, we all make mistakes, but all caps is RUDE in my opinion. Cheers!

          • sweetone2

            You talkin’ to me kid? I have an eye impediment, so sometimes it’s necessary if my lens don’t interpret light correctly. So eeey. watch buck o

          • Jai Guru

            Yeah, watch out or the dumb blind guy who doesn’t know to turn his font higher will swing at the blurry spot.

          • Kim Thomas


          • Stephen Martin

            It’s an old tradition, older than the web itself, that all caps equates to screaming. Have some respect for your elders.

          • Margaret Honore

            All caps is bad form online friend.

          • Allecat10

            A great way to prevent attempts at credit fraud is freezing your credit reporting with all three credit rating agencies. With that done, no one can attempt to establish a fraudulent account in your name. I most states, credit freezes are free of charge.

          • Richiy

            I had a coworker that only used cash also, his wife left him and took all the cash she could find, now he’s in deep do do, 70 years old and nothing but his SS to live on.

          • Richiy

            Sorry, I couldn’t delete that post, it doesn’t make any sense… She would have taken what ever he had!

          • ONE HAPPY GUY

            Sorry to hear about your friend. Show what a low life his wife was. I’m single and plan on staying that way. To many screwed up marriages and does he/ she really love you?

          • elector

            Traveler’s checks solve the cash problems for travelers. I am also nearing 72, election day. I am working to a cash based existence. It is hard to track cash transactions and I.D. is not needed to use cash. The only use I would possible use I would need a bank for would to hold the cash, unless I can come up with a safe alternative to keeping the cash safe.

          • Eiffelman

            Unfortunately, fewer and fewer banks offer traveler’s cheques these days, too.

          • Kam

            Never understood the purpose of travelers checks? Why do so many people think they are gonna get ripped off on the plane? I don’t know the percent but mostly those checks are taken straight to another bank to get cash once someone gets settled in the hotel on vacation. What a waste of valuable vacation time just to go down there and get ripped off by a new bank? Silly humans

          • Gray99

            Do you have any idea how many people buy travelers checks and never use them? You would be surprised, plus also the fee. Great for the maker, lousy for the buyer. But then so much marketing is predicated on fears.

          • Kim Thomas

            Purse was stolen at a mall in Las Vegas, thank God I had travelers checks, they were replaced immediately. Would of had a huge problem with out them

          • DDofAL


          • sweetone2

            Carry Cash in one pocket and a Glock in the other. 🙂

          • DDofAL


          • sweetone2

            I only have a couple of quarters. So no problem over here..

          • Stephen Martin

            What makes you think the thug would have spared him if he only had plastic?

          • robert hammers

            Most of the thugs in the area in question (san diego -logan hieghts/northpark) are only interested in quick cash for drugs and like all criminal druggie types they don’t much care where it comes from or what they have to do to get it. P.s. to DDofAL : I think you missed the point while you where yelling your response.

          • pbrower2a

            Fraudulent use of credit cards leaves an electronic trail — and as a rule, someone who uses a stolen credit card pays up or goes to prison.

            I was in the habit of using one card for nickel-and-dime purchases and made a big one… and the credit card company called me to verify that the purchase was valid. I affirmed that the charge was valid and thanked the credit card company for checking up on me. People using stolen credit cards are likely to make big purchases in unlikely places.

            So call the issuer of the credit card, and the bank will as a rule stop further charges on it.

          • Mitchell

            What’s that old Bob Seger song where she leaves with his credit cards and suddenly there are charges in Vegas and Negril? 😉

          • ONE HAPPY GUY

            If i do not have the cash I do not take the trip. Your credit cards get stolen and if you do not catch it in time, most banks today say sorry.

          • Ben Tucker

            I have several times had problems trying to check into a reserved hotel room without a credit card, no matter how much cash I carried and how willing I was to pay in advance or put a security deposit down. This was over a period of many years. Also, try to rent a car without one, etc. I finally broke down and got one again, but just don’t use it for anything else but such things. Sometimes they are required as a form of ID as well.

          • Therese Shellabarger

            You can use a debit card for that purpose. I’ve never had any questions using a debit card in this fashion.

          • Angela

            Actually, they don’t the purchases are refunded to you.

          • chrisleehey

            one reason to have a dog…..a big one

          • pbrower2a

            Even a small one. Small dogs have big, sharp teeth. A Yorkshire tiger — I mean terrier — can hurt someone badly.

          • chrisleehey

            any dog is good….I just watched 9 seasons of Criminal Minds……not ONE of the victims had a dog

          • Laura Ice

            Yorkshire tiger… Thanks for the laugh!

          • Donald Scott

            Travelers checks would work. Think smart.
            I am sorry for you coworkers Family

          • Donald Scott

            BTW, I just bought a New Glock. It only took One threat. I live near Detroit.

          • sweetone2

            Guess somebody want be growing old!

          • DDofAL


          • Kim Thomas

            Never has a problem or a fee

          • DDofAL


        • ONE HAPPY GUY

          Im 51 and have no credit cards and do everything cash also.

          • spider56

            What if you are in a store and a item you want is more than what you have in your pocket What do you do, go with out?

          • ONE HAPPY GUY

            yes it is called living within your means.

          • Carmie

            Come and see my place. It looks like a flea market.

          • sweetone2

            lol. I could open up a dept store…haha

          • Gypsy

            There is a contact person I can give you to donate things to the Pine Ridge Native American Reservation. That’s the poorest county in the U.S.A. and they have terrible winter’s and no help from our government .They need all we can help them with food ,clothing, furniture, wood stoves donations of anything and everything .Contact Stacey Lenz Gypsy on Face book for more info to help them out in South Dakota we have people that can pick up your items in a few states and haul them out there also I can give you the address to ship things there too and the people I work with out there to get the items to the desperately needy Elders and families that need the help ASAP Thanks Stacey

          • GYPSY

            Their is a contact person i can give you to donate things to the Pine Ridge Native American Reservation That’s the poorest county in the U.S.A. and they have terrible winters and no help from our government .They need all we can help them with food ,clothing, furniture, woodstoves donations of anything and everything .Contact Stacey Lecas Gypsy on Face book for more info to help them out in South Dakota we have people that can pick up your items in a few states and haul them out there also I can give you the address to ship things there too and the people I work with out there to get the items to the desperately needy Elders and families that need the help ASAP Thanks Stacey

          • pbrower2a

            If you are on an all-cash basis you are probably living within your means. What may trip you up is taking $70 instead of $80 to the store.

          • Kim Thomas

            That wouldn’t trip me up as I would know I have $70.00 to spend and not more.

          • ShirlSumm

            I keep a calculator in my pocket (a cell phone) and just add up my purchases as I go. Then I’m not embarrassed at the checkout.

          • Juanita

            No, you don’t spend more than you have. If I can’t pay cash for it, I don’t need it. Betting on the come can get you into serious trouble. Credit cards are evil incarnate and same for debit cards. I see people buying a sandwich with a card???????

          • Kathy

            I use AMEX for everything. It’s not a credit card but a charge card. I pay it off at the end of the month. The points I racked up actually paid for a trip. No credit card debt!

          • Sue Darwin

            I spent a week in London on AMEX points. I get free plane tickets on my Citibank VISA Advantage. I never charge more in a month than I can pay off at the end of the month so I never pay interest. I do not want to carry any cash around. If I should lose it or it gets stolen, it would just be gone. But if I lose my VISA card, I just call CITIBANK and get it replace when they send a new one by next day FEDEX. I never worry about criminals using my number because the CITI computer knows my spending habits and will call me right away if something is not right and they take care of it. I call them and let them when I am going to do something out of the ordinary, like make a big purchase or go on a trip. It is good to have a safe and responsible relationship with your charge card people.

          • disqus_OUC1PLoslW

            Exactly! I am 35 and had that epiphany when a sudden destructive flood took my home three years ago. When I came back to cleanup, I decided a lot of that stuff did not need replacing. We only replaced the absolute necessary, enough to fill a small or medium Uhaul, not enough to need a moving service. My neighbor had her house, her garage, OUR shed, OUR porch, a storage unit, her attic, AND basement full of stuff. If you’re only going to hoard it and store it, what is the point of wanting it? I’m with you. I’m one happy chica who feels liberated. I never cried for anything I lost. It’s stuff and people are prisoners to it. Moving is so much easier. I tell myself if I can’t buy it cash now, I have several months to think about that purchase while I save the money necessary to buy it.

          • GYPSY

            So cool not about the flood buty for your freedom I had the same happen to me My house had a fire and I became a Pack rat after that and had a trailer home given to me and it is 14x 70 and I had it fixed up really nice and then something happened when I started going threw the burned house things I started collecting things I had lost and you know now Im emptying out 2 storages and my trailer home and I now have a nice 3 bedroom home and garage and its all getting set up the way i want it and what I dont need is going out to south dakota as soon as I can get it all moved outta storage and up here Ive been tied to that stuff for 6 yearsw and paying storage if it wasnt for some things from my grandparents and my deceased husbands collections I would have just donated it all but I have children and grandchildren and my husband and I were and I still am a Biker so we have alot of Harley Davidson items to sell and then the rest is just getting donated to help the Lakota Native American reservation in wamblee South Dakota Pine Ridge Its the poorest reservation in the United States I’m very ashamed of our government and our presidents in this country They don’t get any help at all out there and its very hot in summer and very very cold and freezing all winter .So if anyone wants to help me with giving things for the people out there they can message me and I’ll help you get to who you need to or if your in Wisconsin we can pick-up your donations we are planning on going out there next month to take things out there .Thanks Gypsy Stacey For all the money I’ve paid for the storage fee’s I could have bought all the things in the storages 20 times but the sentimental things are irreplaceable so I ‘m very happy to be getting free too from the chain around my neck with padlocks for storages LOL it will be a great relief and also a bit more money for me every month too .Blessings for your freedom I’m almost there too .Gypsy Stacey

          • Alleycat10

            That is one MIGHTY long TWO sentence of yours—-WOW, it got me tired just trying to read it.

          • Palema

            Haha, the periods and semicolons are in storage, lol.

          • Gail Schwartz

            U the main stalker

          • Parkway

            It sure gave me a fuckingheadache reading it.

          • lv4921391

            a period (.) now and then and maybe one or two Paragraphs…hahahahahahahah

          • Gail Schwartz

            U stalker also

          • Oj2

            Guess you’re out of periods!

          • Matthew Marr


          • Gail Schwartz

            U stalker also

          • Gail Schwartz

            Another stalker uuuuu

          • Gail Schwartz

            U also stalker

          • GRACE NOTE


          • Gail Schwartz

            Another stalker Uuuuiui

          • Darth Digital

            Jeebus. That was painful. Pro tip: punctuation is your friend (and ours).

          • Gail Schwartz

            Plenty nasty stalkers on here & ur one of them. Playing fake teacher.

          • jaboj

            Gail. Do you have any idea of what you’re talking about?

          • Gail Schwartz


          • Jo Blazer


          • Crafty

            Gypsy ~ you are adorable ~ I read your lengthy post ~ The comments it generated has me in stitches….btw….I too am de-cluttering.

          • El_Tigre_Loco

            Right on! People think they own their stuff. In reality, their stuff owns them! You are a slave to your things, maintaining them, cleaning them keeping them operational, etc.

          • gypsy

            so true

          • OKvon

            You are so right! took me years to come to this conclusion..Now getting rid of so much to make my life simpler so that I have time to enjoy it..Just turned 75 and still working, but found out I do not need much

          • Juanita

            If you don’t use it in six months, dump it. My trash is someone’s treasure.

          • Kathryn Burnett

            You can say that again.

          • Palema

            Not all credit card buys are frivolous. I mostly carry my bank debit card close to home and my credit card when I’m traveling (where a debit card may not be recognized), along with a minimal amount of cash.
            Just because one uses their card doesnt mean they are being a spendthrift. An d its just as possible to live beyond one’s means with cash (eg., blow the rent money at a casino)

          • Stupid_Human


          • Donald Scott

            You do without until You can Pay Cash.

          • Fred H. Smith

            well try to reserve a motel room, rent a car or purchase airline tickets in advance when the rates are lower,,,,,,,,play hell with cashmm

          • Kathy

            Exactly! You would never be able to travel.

          • Conservative sniper

            Your speed of travel would slow significantly. car, boat or private charter would be your primary options

          • Jon Goff

            Sheer ignorance. People take cash. There are still traveler’s checks. You can make reservations without a card. I’ve done all these, so sorry. Rubish.

          • Kathy

            You are right, they do. I am talking about trying to reserve ahead of time. You can’t hold a hotel room.

          • Peter

            I had a very hard time in Rome in 2003 with travelers checks. I could only cash them at the AMEX office. No one else accepted them.

          • SueCQ

            Don’t try traveling to Europe w/Travelers Checks, hardly anyone will except them. We had to tDrive over 50miles to cash ours in! never again

          • pbrower2a

            Back in the 1970s — maybe.

            It’s not safe to carry large amounts of cash. unless you are in Japan.

            By the way — how does one attend college without going heavily in debt? Fail to attend college, and you have an apprenticeship lined up, you might have a glorious career as a sales clerk or an agricultural laborer.

          • Juanita

            You attend a college you can afford, you get a job and go to school, you don’t use the financial aid to party. My son took seven years to get his degree, worked, and did not owe a penny, has a great job and is a happy camper with not a penny of debt except for his car.

          • Me

            Just traveled from Arkansas to North Carolina including gas, food, and hotel and never once used a Credit card. Going to travel back the same way. We have never owned a credit card and move every 2-3 years with the military. Sooooo?

          • Juanita

            Really, I did not find that to be true.

          • Fred H. Smith

            then you are using a mode of payment other than a personal check or cash

          • Matt

            I see people trying to do that and it trips them up. Lets say they need a new tire for their car. Its on sale for half price this week. They won’t have the money until next week. If they had a credit card, they could have bought it today, saved $50 and paid off the card next week. Instead, the tire failed, bent the rim, the car was undrivable for two days and couldn’t get to work and had to pay $250 for the repairs instead of $50 today and two days of lost income. I’ve had credit cards since I was 20 and have gotten ahead because I can do things when needed rather than when things become an emergency.

          • Therese Shellabarger

            You could find alternative transportation like buses or trains until you have the money. I have no car or debit card. When the recession hit, I only had to worry about my normal expenses, not loans etc.

          • Matt

            I had to be to work at 5am where in order to get there by bus, I would had to leave about 6pm the night before to even get there. The other thing is “missed opportunities”.

            Personal experience…I was “hobby” selling online for about a decade before I got serious about it.

            I had the opportunity to buy 500 “widgets” at $7 each that I knew I could sell on ebay for $30 each. At the time (2008?), I could sell maybe 1-2 a week. I could afford 100 of them at the time. I figured I could sell them in a year and make about $1,800 on all of them. Other people got the idea, bought out that original seller and about 6 of us cornered the market. Keep in mind that these were a rare item that served an important purpose with few substitutions. As the other sellers sold out, I watched the selling price climb… 40..50…70…90..120…140 even up to $150…each. (I got over $100 each for maybe 10-15 of them)

            I think I ended up making about $7,000 on them. If I had bought all 500, I could have cornered the market and sold all of them for $150 each. Just in the last 2 weeks, people are still selling them, 2 of them have still sold for $155 each..and this is like 6 years later. I could have turned $3,500 into $75,000.

            And thats why some people succeed…and others live paycheck to paycheck

          • ann laurence

            That is your idea of success?Some of us do not wish want stress depending on consumer.

          • Matt

            I’m 33, I make enough money to not have to worry about expenses, work from home, wake up when I feel like it and work about as much as I want (somedays, thats not much).

            I had much more stress a decade ago when I was always 2 months from losing everything and being homeless. I was a college dropout with no skills that I could prove to an employer other than I could move heavy objects. Now, I can be pretty much retired by 40-45. I think a lot of people would call that “success”

          • row684

            I thought you had to be at work by 5 am and to get their you would have to get on the bus at 6pm??? that’s a hell of a commute to you sofa!

          • Matt

            I tried hard, sacrificed and got ahead. Its still doable. If you are working at a dead end job you hate, try to find something better. Eventually something will come around and life gets easier.

          • lovingparentof2

            Very curious on what this “widget” was. Please do tell.

          • Gail Sims Smith

            Sounds as if you live in a city or urban area where buses and trains are an option. Yes, I could get to Chicago by train from my home, but the nearest station is about 12 miles away, and then from the Chicago station to my job required 3 buses. How would you suggest that I get around without a car. As for a credit or debit card, they are fine if you own them. The only real problem is if you let them own you. I pay most everything on my card, and pay it off at the end of every month.

          • pbrower2a

            Rely on a slow city bus and you lose about 30 minutes at the start of each commute just waiting for the vehicle. The bus takes at least twice as long as getting to work by car — perhaps another five hours.

            You could do better with a part-time job than by relying on bad public transport.

          • Jon Goff

            It’s called saving. You don’t have savings, you have debt with credit. Credit cards were invented in the late 50’s. We’ve had them for only a few decades. What did people ever do before credit cards!?! They saved for emergencies.

          • sylviav203

            I don’t know about the 50’s, but today you cannot get a mortgage with a reasonable interest rate without good credit. You cannot build credit without credit cards.

            Even if you are older and have a mortgage, you are not doing yourself any favors if you have no credit cards. Scoring companies take into account the amount of available credit when determining your score. Should you need to borrow money for whatever reason, you’ll be considered a higher risk borrower than someone with a good, solid credit history and you’ll pay for it with a higher interest rate.

          • Laurie Russ

            A person with “no credit” can find a mortgage company that does not dismiss a person without credit and uses old fashioned underwriting to determine eligibility. Don’t fall for the hype that you need credit cards.

          • Frank

            Where would these companies be? I have not found one. Unless it’s a “family bank”. By family I mean your family

          • fastdad

            local credit unions is a better option than banks

          • Juanita

            Your local friendly credit union for one.

          • Matt

            >>What did people ever do before credit cards

            Back in the old days, at the general store, the storekeeper had a ledger that if you needed something and didn’t have the money at the time, you got store credit and paid it off at the end of the month. Like “paying your tab”, or “doing layaway”

          • Peter

            Yes, I am old enough to remember small merchants having accounts. Today, they moan about the fees VISA and Mastercard charge, when those cards are much cheaper than the old way of hiring a bookkeeper.

          • rivardau

            …and the risk of non-payment being borne by the merchant, rather than the bank.

          • linda

            Some stores and gas stations knew you personally and would Bill you monthly. This was the case with my mother and father.

          • Gypsy

            I can see having one for an emergency but I see people using plastic credit cards for everything a lady was in from of me at walmart and she paid for a gallon of milk and 2 packages of cookies on a credit card ????? Thats just crazy .

          • Matt

            I didn’t get a credit card until I was 20, maybe 21. I was under the assumption that you *always* paid interest on anything you put on it. When I found out you didn’t, I signed up. It was a lot easier to charge $50 on the card rather than overdraw my checking account with a debit card and end up with a NSF fee. I’m 33 and have several bank accounts and never had to pay a NSF, and have never taken out a loan besides college or a mortgage. (I’ve done the credit card check thing a couple times, but only because the interest rate was less than the other account).

            Today, I just cashed in $103 of rewards on my credit card for things I buy anyways, like gas, groceries, internet & phone bill. That lady in front of you may have been getting 10 to 30 cents rewards for using the card…and if she paid it of every month (like I do), its free money.

          • DG Clark

            I, too, charge everything. The provider loans you the money, interest-free, for a month and then you pay it off. There are no fees, charges, etc. and my FICO is above 800. What’s not to like?

          • Alleycat10

            I use an AMEX card, it allowing me to track all expenses, which along with MINT for financial transactions, helps greatly with tax filing and budgeting. A cash bonus each year from the card use is great. The combination makes life easy. I seldom carry much cash, generally a few bucks for tolls and similar items.

          • rivardau

            it might have been a debit card, so don’t be so quick to judge.
            or, maybe she did use a credit card, but it has a points accumulation and she pays it off every month to have no interest.
            or, maybe she just racks up credit card debt to her max and files bankruptcy.

            but seeing someone in a line at walmart does not make anyone a financial wizard of someone else’s income, expenses, and payment patterns.

          • Geoff

            Plain stupid!

          • Dgr

            I agreed with you. People have to see that.
            What hurts me is going to stores
            where people do not have alot money and the prices are much higher. They are
            struggling already why do this to them.
            I will stick to writing out checks and using my credit cards. You just have to manage
            them. Yes I do have a computer but do not want to do my banking on there.
            Also thought it was nice when you could enter contest by mail.
            So close the banks, post offices, library, stores. So more people can be out of work.

          • sallie

            Being on an all cash system, we can still buy the tire today if it is truly a need. That is exactly why we establish an emergency savings fund. Essentially, you are using the credit limit on your card as an emergency fund. If your credit card was maxed out, you wouldn’t be able to buy the tire either.

          • Matt

            I know a person right now, she’s got issues with her van. Can’t afford to fix them, I’m not sure how she’s even getting to work. The whole thing is really interfering with life and trying to get ahead. I don’t know how she deals with that.

            10-11 years ago, I had rent/utilities/insurance plus all the other typical bills, and I made less than $9/hr, I never had more $1,500 in the bank. If I hadn’t been using credit cards at the time, there probably would have been times where I would have dipped as low as $150-$200. The cards just helped smooth things out.

            Fast forward 11 years later…the people I worked with that weren’t using cards are still struggling like I was back then…me? I consistently have over $10,000 in that account with other accounts for retirement, stocks, investments… And I have no debt

          • Laurie Russ

            That is why you should have an Emergency Fund with at least $1000 to cover those unexpected expenses. Then you replenish that fund when you get paid. Problem solved and no debt!

          • pbrower2a

            You need a bigger emergency fund than that for the refrigerator, an auto wreck, or a fire — or extended unemployment (unless you work in a place that works you for real and only pretends to pay you, in which case you are never going to have any savings whatsoever).

            You need a credit card to rent a car. You can pay off credit cards every month and avoid interest. There are 90-day plans for some retail purchases.

          • Laurie Russ

            You are talking about buying a brand new modern refrigerator, but cash can buy a used one in working condition off Craig’s List for a lot less. And the $1000 is really just a starter amount. Yes, you should build that up to at least 3 and probably 6 months of expenses for a fully funded emergency fund. An auto wreck or fire would be covered by the insurance you should be carrying.
            And, NO you do not need a credit card to rent a car. A debit card works just fine! There is too much temptation to pay less than the balance if you “need” something else that month. And if you miss that 90-day free period by just one day, you are billed for all that back interest. Too much risk in my book.

          • Juanita

            I put $200 a month back in an emergency fund. It grows rapidly, and you are careful as to what you call an emergency. At my age, I don’t buy anything “brand new” anymore, it is all junk anyway, I don’t even buy green bananas anymore.

          • Me

            There is a thing called an emergency fund.

          • row684

            Or you could plan ahead, not live paycheck to paycheck, save up an emergency fund, pay cash. The risk associated with credit cards is not worth the rewards; the credit card companies would not be billion dollar a year companies if it was a safe way to do transactions.

          • pbrower2a

            The economic structure of America depends upon people being seriously underpaid so that they must live hand-to-mouth so that the big landowners, the tycoons and financiers, executive elite, and political hacks can live like aristocrats.

          • fastdad

            well i live with no credit cards and if ya live that way ya always have small savings for stuff like that [been card free 58 years]

          • Angela

            Sounds good until you need to rent a car or a hotel room. They don’t take cash.

          • Elise Johnson

            thank you matt

          • Juanita

            That is where a check book comes in real handy. When I say “cash” it is currency or a check.

          • sylviav203

            How do you buy a house? If a young person has no credit cards or loans, they have no credit history.

          • Juanita

            Credit history is important yes, but there are other ways than a credit card. It does not rule the world.

          • sylviav203

            Such as?

          • gypsy

            so true

          • Elise Johnson

            not all the time donald

          • namora

            Why yes that is exactly what I do.

          • Kansa


          • Jim

            Golly, “do without.” What a concept! If all of us “did without” more often, our financial situations might be better.

          • GYPSY

            Yes that’s what’s wrong with this country everyone lives way beyond their means of money and necessities.If everyone cut down on the unnecessary items in their lives our country would be allot less cluttered and everyone would live simpler lives and to only buy and have what you really need in life instead of all these unnecessary items and too many electronics and cell phones running this country and computers people don’t converse anymore they all text and never even visit each other they meet on Facebook ,twitter ,and whatever other social sites instead of one on one contact with people and its a shame out children are the ones suffering and losing the morals of this country and respect for themselves and family and elders they have no respect and live on video games and TV and cell phones instead of living life to the fullest and enjoying the outdoors and learning things that they really need for a happy life and to be a positive person with all the violence and scams and hackers and negativity in this world it’s not getting better its getting worse and they -Our children and grandchildren are the ones gonna suffer for it all pretty soon there won’t be any clean water and anything left to save if we don’t get our children involved in helping save this planet and cut down on energy and spending there won’t be a need for anything pretty soon.There is so much waste in the United States. It is so terrible and really seriously a terrible thing and us as United States citizens expect the government to fix it all. Well we all as humans need to do our share to help out and get this world to be a better place and to share our things we don’t need with those that need it and to be more kind and caring and helpful to everyone we come into contact with you can never know what someones dealing with or what needs they have if we don’t try to be better human beings and to see whats really going on here in our country. We all need to go natural and try to grow some of our own foods and stop buying all the fast foods that are killing our people and hurting our Children and our own health too. I had no idea about Crones Disease until my dear daughter found out she has it and almost died from it its mostly in people ages 13 years old to age 30 more than any other age groups in the world and we in the U.S.A. have more cases and even deaths from this than any other country and its caused by poor diets and too much fast and junk foods and sugars we need to help each other and be there for our neighbors and help who ever we can when we can and get this selfish spending and over eating and wastefulness under control to be better people and to have a better world. Sorry for the speech just my wishes and views and sorry I put it here on your comments .But I just needed to have my say in this matter .Thanks Stacey If we all quit using credit cards and only used the cash we have for what we need and live within our means the deficit would come down and the credit card companies would all have to lower their outrageous rates and also we wouldn’t be broke all the time other countries in Europe and other places in the world don’t have the crime rates and issues we have here in the U.S.A. we are in a very bad shape as a country and in need of some major changes and we need to all stand together and stop the racism and the hatred here in the U.S.A. and become a team of all races and join the fight to be a country of a loving people and work hard together to make the changes that need to be made here .there are billionaires that could step up and clean up their companies and help the people in need and if everyone did a little to help out with the clean up of the world it would make a huge difference and it wouldn’t be long before we would reach the goals we need to to end the poverty and homeless and hungry and it would also end a lot of violence and murders and theft’s and so much more if you just help one person a day it would make such a huge difference in our dying world . Half of the children now days don’t even have a clue who they are or where their families came from or what nationality is or anything about their heritage or relatives or elders or to even have the want to know anything about their people.It’s very sad My family has taught us since we were babies where our ancestors came from and how they struggled to make it here and to survive the hard times and stuck together as a family and did things together as a family. A lot of children don’t even know who half of their own members of their families are or where they live.PLEASE EVERYONE HELP YOUR NEIGHBOR EVEN IF YOU JUST GO KNOCK ON THEIR DOOR AND ASK IF THEY NEED ANYTHING FROM THE STORE IF YOUR GOING OR SNOW SHOVELED OR ANYTHING AT ALL STAND UP AND BE AN AMERICAN AND SHOW PEOPLE WHAT IT IS TO BE A PROUD AMERICAN AND A LOVING CARING PERSON.OK I’M DONE POSTING MY BOOK LOL BUT REALLY PLEASE HELP SOMEONE TODAY AND EVERYDAY OF THE REST OF YOUR LIFE….. STACEY A CARING LOVING WOMAN THAT WANTS TO HELP AND SEE THIS WORLD CHANGE AND BE A GREAT COUNTRY AGAIN.PROUD TO BE A UNITED STATES CITIZEN AND A WOMAN.

          • Paul Ricchi

            Also, AMEX is the best in customer service among large financial companies. I say this based on 43 years of experience as a customer.

          • Alleycat10

            That, despite the fact that AMEX is the biggest credit card company out there. They are really good at catching fraud attempts from my experiences.

          • 4uopinion

            Dah, YES you do without.
            if you don’t have enough money you don’t buy it

          • Sheryl Ann

            Heaven forbid that YOU or anyone else should have to go out to their car, home or to the bank to get more money to buy something wanted now! Oh, to go WITHOUT!

          • Sheryl Ann

            Heaven forbid that YOU or anyone else should have to go out to their car, home or to the bank to get more money to buy something wanted now! Oh, to go WITHOUT!

          • Sheryl Ann

            Heaven forbid that YOU or anyone else should have to go outside to their car, back home, or to the bank to get more money to buy something wanted now! Oh, to go WITHOUT!

          • Fred H. Smith


          • Paulkat

            Good luck with that….. Go on vacation or on a cruise you have to use a credit card.
            Cash is so old style…. I carry maybe 5 to ten dollars in my wallet at a time …… Its so much easer to pay bills via debit … Not credit…. There is a difference… Also shop around for the best rate on your card…. You can write your own ticket…. Use cash for everything means your credit is never building… Or getting better.. At our age we need to protect our credit

          • hlfy

            I’m 35 with no credit cards. Cash only or I buy a money order. I do have a savings account but that’s it.

          • JohnG

            I’m 64. I don’t have credit cards, I don’t have cash and I don’t have savings. I do have a gold-digging ex that takes care of all my money for me.

        • Flip flopper

          You old folks grew up in a different era. The young people today don’t have near the luxuries of yesteryear. Trust me, you may not have or need credit cards and checks today but if you were just starting in life you would find things a bit different. And believe me when I say am too am 71.

        • Bob

          Cash is king! I’m 34yo. I do not have a single credit card. All I have is a atm card which i use 2x a month to withdraw my cash on paydays and use nothing but cash the entire month. Good luck getting into my account you wont get very far with it.

          • DDofAL


        • Alleycat10

          You miss a lot of great Internet shopping opportunities with cash only purchases. You expose yourself to armed or forceful robberies, especially when you open your wallet for view by someone nearby. I do most purchases with credit cards, never using debit cards except at automated teller machines where I use a debit card.

        • Stephanie Gothchic Moss

          Same here we are a cash only family too! I was just thinking the very thing you wrote… The big billion dollar bank hack they had? Why would the banks being they were the one hit on that want things totally online? I suppose they never really feel the impact of it they get bailed out but anyway if I do need a card for an online purchase it’s worth the $3 fee for a green dot card prepay card for those purposes only. Cash only here otherwise! Gave up all my credit cards before I turned 30, and it’s much easier!

        • Bill Lackland

          …until some thug knocks you over the head and takes your money. I’m not making fun either.

      • I’mGoofey2

        I think I felt that way when I was your age. They canceled my CC
        because I wouldn’t use it…. or because I didn’t have any money.
        I haven’t worked in over 30 years. I don’t think it was bushes fault.
        You have to learn to live without money, leadership.or a spouse.

        • PammieSue

          I”m sorry, but that’s funny.

        • everett allison

          Goofey… I read your post… then looked at the name…. expecting to see “me” there…. because that is my story.

      • Lee Rosenzweig

        I put everything that i can on my credit card and then i pay it the day i get my statement (all on line). at the end of the year i get a check for several hundred dollars from credit card co..

        • John Hillman

          You have self-discipline that most do not have. It IS best to only charge what you COULD pay cash for.

          • Sam300


          • ONE HAPPY GUY

            Agreed, but most do not see it that way. Oh I will buy it now and worry about paying it off later mentality. It is called instant gratification purchase. Then when they cant pay it turns into bankruptcy and then we foot the bill by higher prices. Story. When in 2008 we crashed and I had a credit card at 12 percent, which was good for that time, and then for no reason the credit card company raised my rate to 30 % interest and I was current with my bill. I asked them why and their reps answer was because we can. I asked them to lower it back to where it was and was told they couldn’t do that. I told them they had no issue raising it. A friend, who works at a bank, told me that the banks and CC did that to people who were paying to make up for all the defaulted credit cards and bankruptcy of people. I did not want to be part of the problem anymore so paid them off and never looked back. Debt free except for house.

        • Sam300

          I put everything on my credit card also and pay in full on-line every month also.

          My water bill, gas, groceries, every single purchase I make make – except my electric bill. My electric company charges me to use my credit card so pay them with my financial institution bill pay. My credit card credits my card 1.25% on every purchase “immediately” and it adds up to hundreds of dollars a year. I only use the cash back to pay down the credit card balance – period. People just need to be disciplined and spend only what they can pay back.

          • Curious

            So, you like paying and extra .5 to 1.5% for everything? You do realize there are real,costs associated with using credit cards, even if you personally don’t acknowledge those costs? Credit card transaction fees cause the price of,everything to be 2% higher on average. Some credit cards cost more for,the retailer to accept. Point being, while you get 1.5% back! you paid at least 2% more than you should,have for the privilege. That’s like buying something that costs a dollar for $1.02, then the cashier giving you $.015 back as you reward for being stupid! Cashless society will be worse, then they have all of,us by the balls and we have no,choice except to pay the vig to use their electronic payment methods. Great deal for bankers and cc companies. We, unfortunately, are just the cows to be milked. So, thinking it all the way through, is it still a good deal? Using your math, if you got $500 cash back each year, that means you overpaid for your good by at least $750 for the year. Man, I wouldn’t be bragging that I lost $250 a year in order to use credit cards. I’m guessing folks like you also like to get a big refund at the end of the year, and somehow think Uncle Sam gave you a lot of money for “free”? Grow up people.

          • Sam300

            Good point. I added the fact that I call companies (not big box companies like Wal-Mart) and ask if I pay cash or mail them a check or pay cash “on line” to their companies (some have their on-line pay area set up with that option)…99.9% agree and I will pay cash as long as I get at least 2% or more cash back. I take a risk of the business taking my money and not sending the goods but it never happened so far.

            I see your point and wish ALL states would let businesses charge anyone using a credit card the 1-3% cost of that card and not charge that extra amount to to cash payers.

          • RaterZed

            I am from the generation where we had to buy $10 worth of stuff before being able to use a credit card. Now, at age 69, I am working 24-32 hours a week in a convenience store and I see the kids buying the small 74 cent cigarillos with a credit card. It’s irritating to me because I know the store is having to pay a fee to the credit card companies. I understand the six dollar a pack cigarettes since i used to smoke (but stopped at a time when they were still thirty cents a pack). Still, it’s easy to overspend using credit cards for everything and I wonder how soon it will be wihen some of these kids (and many are late teens in age) will be overextended on credit cards and needing to file bankruptcy.

          • Michael

            Your concept is tremendously flawed. I’ll cite a couple of examples, when I go into the grocery and pay for my items the cost is identical regardless of what form of payment I use. The vast majority of gas stations, as well as retail charge the identical fee for service.

            For someone so arrogant, angry and have such a strong command of the English language you would think you’d be better informed.

          • PammieSue


          • ONE HAPPY GUY

            Curious is not wrong. For every time you use your credit card, the bank (debit card) or Credit card charges the business 25 cents or more, depending on the item, as a fee to the store which in turn the stores have to up the prices of things to make up the difference. I know I owed a store once and people I know now that have businesses still get charged that fee. So in the long run Credit cards are hurting everyone and the bottom line. So that apple, you used to buy for a dime, is now costing you 15 cents to pay the credit card fee to the bank. Why do you think that at gas stations now again they have cash price and credit price or a minimum purchase amount if you use credit card or debit card

          • Flyagain Angel

            the interesting thing is if it is a debit card, the company can NOT charge a minimum price or add any type of fee to cover the cost of the transactions. They can with a credit card, but not with a debit card. until a couple of years ago, they could not legally charge ANYTHING even if you used a credit card, nor could they charge a minimum purchase. Courts used to say that it was discrimination if they did. However, now you can charge a convenience fee, flat rate or percentage for credit card users, but NOT with debit card users.

            Don’t believe me? Ask your bank 😉

          • ONE HAPPY GUY

            if your debit card has a Visa or MC logo on they can. The bank pays MC or VISA a fee to have the logo on the card so it can be used as a credit card also. I asked my bank already.

          • Flyagain Angel

            Sorry but no. it is not based on the logo, it is based on the type of card, credit versus debit. A credit card can be charged surcharges, minimum purchase requirements, etc. ostensibly because it is not coming as a direct payment from your personal account. However, your debit card can not be denied, or mandated any of the afore mentioned fees, because it is considered the same thing as cash; and unlike when they first started becoming popular, it is almost impossible to use more than you have in your account, unless you have some kind of overdraw protection plan in place.

          • Kim Thomas

            Just wait, its in the wings, companies are talking about charging an extra fee for you to use your credit cards to off set the fees they have to pay..and it is legal. Google it. And some convenience stores do charge a fee it you use it at the pumps. I know because I have worked at two different ones that do.

          • Stephanas Razsa

            I guess you don’t understand Michael. The retailer has already adjusted the prices to account for the fact that his customer will be paying with credit card and therefore the cost must cover the bankers fee for the transaction.

          • libssuck

            I didn’t realize that every retailer gave a discount for using cash.

          • Laura Ice

            They don’t!

          • PammieSue

            But we all pay them whether we choose to use a card or not. Kind of like health care. So what is your point?

          • Literati

            Accepting credit cards is an advertising budget item for the convenience of the customer. My checks are direct deposit, and although I always carry some cash, I prefer to use my debit card and even a credit card for major purchases, because of the incorporated guarantees. I suppose sellers could offer discounts for cash, but cards guarantee funds where checks do not.

          • Credit Card Ronnie

            You’re misinformed Curious. Yes, there is a charge associated with credit card processing, typically up to 3%. But no, the credit card user isn’t paying it by himself as you suggest. It’s a fee that the merchant pays, and funnels down to All of their customers in the form of higher prices. Unless all merchants go back to the days where gas stations charged different prices based on cash or credit…you’re paying for credit cards whether you use them or not. And believe me, merchants would do away with accepting credit cards if they could, but the loss of potential business outweighs the cost.

          • jim smith

            i never use plastic. i do not want to be tracked.

          • Sam300

            Keep several hundred dollars hidden in the house. When you want to buy something you don’t want tracked..use cash.

            Sam’s Club swipes your Sam’s Card before you buy your items. I am quite sure that is to track what you are purchasing. Even the military commissary self-check requires people scan their military ID cards and that their purchases are tracked also. I don’t like it but it won’t stop me from using my credit card because I like getting cash back on my credit card.

          • Carmie

            Sam’s Club does keep a record of what you purchase. At the end of the year they send you a letter telling you how much you saved.

          • Sam300

            I know Sam’s Club keeps a record of purchases….otherwise they wouldn’t ask you for your card to swipe before ringing up.

          • Eiffelman

            Actually, they swipe your card first because your card is also your membership. You can’t buy there if you’re not a member. It doesn’t matter whether they swipe at the beginning or end of the transaction as far as tracking purchases. They can track them either way.

          • Sam300

            I know Sams and now the military commissary track what you buy…because you are forced to swipe your card before purchase. I was not talking about paying cash at a grocery store.

          • Eiffelman

            As I said, it wouldn’t matter if they swiped the card before or after as far as tracking purchases goes. I’ve worked in retail and in banking; I know how those things work. I wasn’t talking about paying cash or not paying cash anywhere.

          • Sam300

            Agreed. When the commissary started forcing people to swipe their cards…that was wrong. People should be given the option of showing their ID like before or swiping their cards. The one good thing about it is it takes the guess out of what people are buying.

          • karoll

            Yes, you can buy in Costco without membership by using a gift card

          • stevec12

            Jim, you are being tracked when you visited this site. Your computer or mobile device’s IP address told this site where you live, what other sites that you may have visited and if you’ve visited this site before.

            Unless you are using somebody’s else’s computer or a computer in a public place or you are extremely technical and can mimic IP address data, it is inevitable that you are being tracked.

      • Hopsaregood

        I am 68 and wrote four checks today.

        • Paul Nielsen’s Landnews

          I am almost 67 and wouldn’t have written four cks all year if not for church collection plate to have something to give. However I can observe how that is going too. Online like most everything else. BTW, those observed taking large amts of cash can be followed, accosted, their homes invaded etc even by not having much cash on them at any particular time. The get on the list. Which bring us to gated communities and talk to the guard to get in. Nice situation, and then we all have sophisticated alarm systems and neighborhood watch etc too. Not to mention… really powerful guns. This is TX.

          • Kim Thomas

            All well and fine except for those who can’t afford computers or the cost of internet service. Maybe these banks should supply free internet service.

        • Carmie

          I am 67 and have probably written four checks in the past 11 months.

      • DDofAL


        • davebarnes

          Please take your meds and stop typing in all caps.

          • DDofAL

            Subject: Re: New comment posted on 5 Banking Services That Will Be Obsolete in 10 Years

      • Vickie Casey

        ditto, i write checks so rarely (usually to a plumber or tradesman who prefer a certified or cashier check for a large sum) that oftentimes i can’t FIND my checkbook, and i have only one account on which to write a check; online ordering conveniently offers paypall . . . genius teenage bank fraudster turned bank helper william abagnale (“catch me if you can” with leonardo dicaprio) recommends using credit cards, while he gives his reasons to downgrade personal checks AND debit cards (google him if you are interested) . . .

      • Stuart850

        Having a credit card and yet saying you are never going to pay for something with cash or a check are two different things altogether. A huge portion of this country does not even have a bank account. This article was written by some little 20 something that has a regular paycheck from someone. He or she likely drives while texting, too.

      • Insaney

        I stopped using checks when I found out that just because I still had checks didn’t nessecarily mean I still had money…..LOL

    • MiMiLL

      The government wants to know EVERYTHING about EVERYONE*****this is one way to do it.

    • Diogenes65

      All your financial information is already in the internet. That’s how financial institutions communicate with each other.

      • RA

        To amplify this answer I can, if I know your name and the community (maybe just the state) you live in, tell you what your exact address is, how many people live in your house, who are your relatives and possibly some of your associates, your phone numbers, how much you paid for your house, where you got your mortgage, your arrest records (this might cost $1) etc. I’m semi skilled but no hacker expert. Paying cash doesn’t shield you from much, it just makes you vulnerable to petty criminals.

        • Diogenes65

          Kids…this guy knows what he is talking about. Just sayin’.

    • RA

      Are you, also, going to throw away your phone? Your smartphone is a computer with the power of a desktop computer from 5-6 years ago.

    • YNWA

      What’s your address? I will mail you a complimentary tin foil hat!

    • luke7478

      I agree with you 100%. I am a computer science graduate myself and yet do very limited transacting online (when it involves my FINANCES). Computers are NOT FULLY SECURE, no matter what anyone tells you.

      And the people on here claiming to be “doing everything online” are the biggest fools that exist. I only go online to check and monitor my bank accounts and credit cards.

      I do not do any sort of deposit, withdrawal or transfer. And btw I’m only 36 years old (so this article is pretty nutty if they think the younger generation (at least the intelligent ones) buys into this BS they are trying to sell us.

    • jshortsleeves

      guess what Susie….when you write a check or make a deposit all of that information instantly goes into a computer base whether you like it or not and as such all of your financial information is already out there for the taking by hackers. How much protection do you think you really have with hackers cracking into Target and Home Depot and probably plenty of other companies that haven’t yet discovered it. If Snowden was able to capture for his own use so much info from the U.S. government just imagine how much he could have captured of your information – whether ot not you choose to use a comoputer

    • pbrower2a

      Even if one does not have a computer, one can at least have an e-reader because it gives access to books, music, and news — much of it FREE. Much news is not free, and books not in the public domain will cost something. You might prefer carrying an e-reader to a book. It’s much lighter.

      The way to keep the government from snooping on you is to do nothing that excites the government — so avoid porn, extremism, or illegal activities.

    • Grand1

      They don’t care what you want. They tell you what you have to have! Besides, a smart phone IS a computer now.

    • boboadobo

      problem …. the bank computers can be hacked. so even if you do not use a computer yourself it does not matter. it is like worrying thief will go into your garbage to look for credit card receipts (of yesteryear I know) but now they can steal 40,000,000 accounts at one time…so things change.

    • sweetone2

      You are spot on Susie! It probably will happen, but I have a back up plan before it does..With draw what few monies i have and hire the best lawyer money can buy and sue sue sue.

    • Alex Thrift

      As she writes from her smart-phone (-:

    • Jon Goff

      She says… on a computer… over the internet. Irony much?

    • Jai Guru

      >My computer is going bye bye.

      Yeah. You’re in a tiny, and shrinking, minority there.

    • Katie

      You need to you need to get rid of your cell phone and ANY device that has communication capabilities. I knew someone who was a “prepper”… Anti government in the sense that in any situation his family he would go to any length to protect… Only on his property. He was open in his feelings, yet never threatened anyone. He had a prepper page online. The government sent an undercover agent, who lied and embellished what he heard and saw. FBI, local sherriiff and federal authorities surrounded his home and eventually caught and took him in. He was arriving home from picking up the weekly supply of fresh produce and food he provided in a stand outside his home for those in his community to get for free. I have had the privilege to deliver food to the widows who couldn’t get out to the stand. Now tell me, does he sound “armed and dangerous”? Ok…. Point… I hardly knew him, through a friend….met him three times…. For four days up to his arrest my cell phone would not communicate with the friends I had that I knew, who knew him. None of our phones would connect to just each other. I did not believe that this was possible, that people were crazy when they said stuff like this happens…… I am a believer and although I have no plans to overthrow the government… I still worry even about this post. Through the search, they found nothing off base or illegal. He is still in jail… Which leads me to believe there’s more to it… But the original claims proved false. They said he had ground bombs around his house…. I’ve seen kids play in that “war zone” yard. Crap! So, be careful what you say or type…. The government can and will listen. The Koreans have done it just this week….. I just don’t care…. The gov is gonna do whatever….I’m gonna live my life in peace, be happy with what I have been blessed with by Christ (this man is a devout Christian too)… I can’t control progress in technology…. It’s gonna get more intense… So, I’m throwing up my hands, giving it to God and just be happy.

    • Aryeh Sax

      All your info and transactions are on the banks computer, so privacy is gone anyway.

    • Insaney

      You may not have a choice, unless you want to deal strictly in cash. Which will probably cost you ten percent as your paycheck just to cash it! Many government SS checks REQUIRE a ching account for direct deposit. Unless you want to move to Alaska and live off the grid with the bartering system, you might as well embrace it! You can’t stop progress

      • Nevadavoter1

        Our definition of ‘progress’ seems to be quite different.

    • Diogenes65

      All your financial information is already on the internet. How do you think financial institutions communicate with each other? Yep. The internet.

    • Gino

      That’s why these changes will occur over a ten year period. i recall that my wife’s grandfather only paid in cash. He paid his utility bills at the bank. Never wrote a check. Of course, what was comfortable to him all those years ago would seem quaint, if not ludicrous today. So will branch and paper banking seem in the future. We all move on.

    • jonnybbad

      ….says the person taking the time to write a comment off her computer on an online news forum. LOL
      1: To live, work, or make money (real money) in the modern world, one needs computers. Unless you are self-suffcient and live entirely off the grid (hence, not the modern world), grow and hunt all your own food, use no bank whatsoever, use no modern transportation whatsoever, have no medical, dental, or insurance accounts/records, then yes, you may not need a computer…unless you have a cell phone for emergencies.
      2. If you have a bank account anywhere, your financials are hack-able.
      This isn’t a government-based plot to “snoop”. This is a free-market, good ‘ol capitalism-driven change due to increase in technology, no different than electricity, cars replacing horses, telephones replacing the telegraph, planes replacing train travel, etc.

    • John Doe

      AMEN to that!

    • daniel


    • Bamaman

      because if you do not have a PC then you are statistically uneducated, unsophisticated, and a “statistically” someone they do not want as a client. This is all statistically, so do not give me the names of your cousin or best friend who is neither of the above a great person.

    • Lynn Janczak

      I’m with you 100% Susie! And, not wanting to have a computer has NOTHING TO DO WITH ONE’S AGE, either! Do you know that Angelina Jolie and Brad Pitt do not own a computer? Moreover, I have a friend who is a computer guru who stopped all his online accounts/banking because his identity was stolen. He WORKS in IT, and discontinued all his online accounts: it took him TWO YEARS to clean up the mess connected to his identity theft.
      Progress…um, I don’t think so! I will continue to rely on what has worked well for GENERATIONS, thank you.

    • Mebevinny

      Umm, what did you write your post with Susie?

    • TZAZ

      Your are in the wrong century, get back on the Retro time machine before it leaves.

    • Vicki Mate

      I agree with you, totally!

    • sprdthewrd

      I do not want a Horse or a car that I can crank start or a record player or things like that. In fact you can’t buy many or hitch a horse to your front porch. The world changes some times for the better sometimes not. I am 65 and not so healthy . Likely to be in the ground in the next 10 years. I WILL be in Heaven because of Jesus. This world is TEMPORARY !!!!!

    • disqus_crpnXU2ut2

      You may as well give up your car now because they will be self/driven in ten years. Remember Dick Tracy and his gadgets – I know a stretch of woods where Bears are not yet using cell phones – lol

    • Laurence Almand

      True – the Socialists like Obama would love to monitor your accounts and tax every transaction, then tax them again. The USA might end up like Cyprus, where the bureaucrats stole the savings of thousands of honest people.

  • thelantern

    With luck at my age I’l be dead before then. I pay extra now for paying by check, but I will continue to do so. I remember when we bought our Buick and paid cash for it (less the tradein on our old car) and we got “free” ON Star for a year. Never used it, but we called to enquire about keeping it. Gotta pay by credit card only. No way. We don’t own a credit card. Cash, or check. That’s it. Besides, I will not have any tracking device on my car, ever.

    • bilgeez

      do you wear tin badges all over your clothes so they cant brainwash you with radiation, too?

    • RadicalCenter

      You could have paid by debit card.

      Our PayPal debit card can be run as a debit card or as a “credit card”, so it is accepted everywhere. No annual fee, no minimum balance in the underlying bank account, and we get one percent cash back on all purchases all the time.

      We pay for just about everything by debit card, no need for credit cards ever and no need for cash most of the time.

      • I’mGoofey2

        I like the sound of that. I’ll have to check into it. Thanks.

  • Shosh 7154

    WHY are so many CEO’s in major banks worldwide dying by suicide or other questionable means…there have been 20 deaths of Bank CEO’s since December last year.

  • Roger Doger

    Bank CEO/CFO’s will do anything they need to to increase their profits so that they can keep their bonuses.

    I say resist any and all attempts to move to electronic mail and bill paying.

    Besides, with all the data breaches, it’s in your best interest.

    Do everything you can to keep other employed.

  • orca

    the guy is wrong on every count
    Many like paper because of the trial it leads
    Ban of America lost my deposit twice the electronic record did not show the deposits but i had the receipt for the transaction they made it right what would have happened if I had no proof
    Yes electronic banking is great but not the end all of banking this seems to claim
    Reminds me of when E-books first came out they predicted paper books and newspapers would disappear well here we are long after and paper books and news papers are still here

    • bilgeez

      I trade in books, CDs and DVDs, and my business is way down over the past 5 yrs. Many are going to ebooks, esp classics, because they are free, and downloading digital music and videos. It may not completely disappear, but it will be a very small number of those who have hard copy anything in the not too distant future. I havent written a check in over 3 yrs.

  • Gringo Bandit

    Will just find a local community bank with morals.

  • peter

    lets talk to operator in india or pakistan, if we have a problem… and as usual if we do not pay something on time we will get monetary penalty, and when something go wrong with a system they will as usually “sorry for inconvinience”which actually means F you! Wait when they say that printing of money cost much and is not good for us and everything gets electronicly processed…we will depend on them, and if we do not listen… imagine absolute control of the bankers (state) !!!!

  • mandycat

    Oh, swell. Yet another opportunity to sit with a phone glued to your ear as you trudge through options, only to be put on hold when you finally get to your destination. (Unless, of course, the thing hangs up on you halfway through.) Every time I hear some company announce that a change will mean “greater efficiency” I know that it doesn’t mean more efficient service for me, just lowered costs for them.

    Apparently cable companies have set the bar for crappy service and U.S. companies won’t be satisfied until they’ve ALL reached the goal.

  • BobBobb

    None of these will come to pass in the next 10 years. Paper will still exist and be used. So will paper checks. And there will still be tellers in physical bank branch buildings. Banks may want all this stuff to go away, but the public won’t go along with it.

    • I wish you were right. Electing a community organizer twice speaks volumes about peoples intelligence.

    • RadicalCenter

      A large and increasing proportion of the public is quite fine with it. Get out and talk to people under sixty years old once in a while.

      Bank branches will continue to decline, and the use of paper checks will be almost non-existent within ten years.

  • Karen Belter

    there are times when i prefer to write out a check, usually to keep certain products and services from ;automatic renewal. sometimes – but not always – this can be handled by authorizing only single debits, but not with certain would-like-to-be permanent creditors.

  • bilgeez

    with banks saving so much by doing things electronically how come their interest rates are so abysmal? GREED!

  • leslie green

    We are being herded into a cashless society. If everyone is forced to use debit/or credit cards that will allow the government to monitor and control every expenditure you make. They will have a tally on every thing you buy and they will be able to allow you access to your money or not. It’s all part of the authoritarian complete control that they aim for.

  • MacDaddyWatch

    Electronic money is on its way. The Feds know that “cash only” businesses are costing them multi-billions. Many states like CA are also being hammered. Big Government is conducting a “cash grab” that is only just getting started. The only way to defeat a “cashless economy” is to make the entire economy cashless and to replace it with easily traceable and recordable electronic money. No transaction could escape this system. The technology to do just this exists today; its just a matter of time.

    • William Gary Brand

      Look up the mark of the beast in revelations. Just try to live in a cashless society if the government cancels your bank account. No one can buy or sell or beg without permission. Vagrancy laws will even prohibit dumpster diving. God will send you to hell if he finds you with a implanted chip and the Devil will make you starve if without one. Get saved and rapture out while still possible.

  • Sharon Kramer

    My bank has just started this. Today the offices were gutted and I was told all my favorite tellers, the ones who were always so helpful, will be gone by the end of the month. In their teller spots will be machines.
    How sad for us and them.

  • Why do people still use standard banks? Credit Unions are a much better deal. Fire your bank!

    • I’mGoofey2

      Ask your local “credit union” WHERE they bank. You may be surprised at the answer. They are a “financial cooperative” and (at least the smaller ones) deposit their excess cash with a standard bank. Mine does.

      • Challenge accepted. I’ll follow you and report when I hear more.

  • augie

    i have been with citibank for 18 years, having opened my account in a large city years ago. i retired to a small town of about 23,000 people where there had been, until recently, a citibank branch. they closed this branch and hundreds of others in small towns in june. if i want to walk into a branch, i have to drive to the nearest city which is 30 miles away. citibank didn’t even leave an ATM location. however, first national bank has four locations in our town. i think compass bank has three locations. plus there are several other banks and a credit union open to membership to the general public. so go figure with citibank.

    • RadicalCenter

      Why do you have any need to go to a physical bank branch with any regularity?

  • smjhunt

    Those former bank employees will certainly “reap the benefits” of being unemployed.

    • RadicalCenter

      Should we also scrap automobiles so that people who shoe horses and make carriages don’t lose their jobs?

      Should we scrap the efficiency of farm equipment so that farms can hire people to do that work less productively and at much greater cost, because after all that will “reduce unemployment”?

      • Jim Foles

        should we let a million illegals in the country to pick a bushel of beans.. we do.

  • Third_stone

    The technology is not ready. Our connections are over priced, ill secured, and easily robbed. Often in dealing with internet commerce we find providers simply not answering our inquiries, and the person to person problem solving is far more time consuming since we saw the last of ringing telephones that people picked up and said hello into. We have no recourse, since we have no idea where they are, most likely spread around the world, and if you could find them and go there to ask for your overpayment to be returned, the only human you would see is the security at the door who will tell you nobody will see you now.

  • Sbell

    It’s funny. I heard about the demise of “brick and mortar” more than a decade ago, yet I see new branch buildings going up all over the place, even now. I have to disagree with that one. I use few paper checks, but they are very important for small business, especially, and one-time payments in general.

    • RadicalCenter

      You may personally “see new branch buildings going up all over the place”, but the actual FACT is that banks nationwide, taken all together, have substantially REDUCED the number of bank branches in 2013 and many other recent years.

      I also disagree that paper checks will remain “very important” for small business. I’m in my 40s and already rarely use paper checks even at small businesses. Ask people younger than I am and see how many consider paper checks to be useful or important, and ask how often they pay by paper check for anything.

      I am a very small businessman myself, as owner of one condo unit as a rental property. Even there we do not need paper checks anymore. My new tenants, both young ladies in their late 20s, informed me that their banks will let them pay rent by simply directly transferring money from their checking accounts to mine, with no fee at all. It’s quicker and easier for them and for me.

      I pay the monthly condo fee online from my checking account, with no fee charged to me to do so.

      My wife and I have paid all of the following bills online each month, no need for paper checks, for several years now without a problem: utilities, home internet, cellular data for tablets, newspaper delivery, water delivery, car insurance, renters insurance, and homeowners insurance.

  • Banker Fella

    “Experts” have been telling us since 1969 that we are mere months away from a completely paperless society and that banks will no longer have branches. Nonsense. There willl be fewer, but they will not disappear. It’s not just consumers that use branches, businesses do as well and they will alsways need a place to make deposits. Many people prefer dealing with a live person, in person, as well. So I’d take alll this with several grains of salt.

    • Gnowark

      The US Postal Service has been going ‘paperless’ find 20 years! I wonder if they ever knew they were cutting their own throats? Soon I’ll be wondering if Banks knew.

      • Jim Foles

        they lose 8 billion a year.. do you think they really have a clue?

  • thetnrebel

    none for the better

  • Enzyte Bob

    They’ve been saying this for 25 years, yet I still see bank branches getting built. Second of all, there is so much financial fraud I’m not exactly comfortable with electrons. I want to see a physical presence.

  • leon

    piss on a bank

  • Peter Field

    What controls or oversight will the government have to or be able to, put in place to keep banks like Chase from fraudulent actions against customers? “Where will the complaint department be?”

  • Ken

    I think my small town community bank will still be around as it has for the last 125 years. I deposited a large check last year and the new teller asked the branch manager if she should put a hold on it until it cleared. The branch manager looked over, saw me and said “No, we know where he lives”. Can’t beat small town personal service. Most of the people in the area where I live banks with them when the big name banks placed big city rules on us. Parking is easy to find near Wells Fargo.

  • amongoose

    Sounds more like dependence than convenience.

  • renest

    All of this has been predicted, think One World Order, with everyone chipped, total control. All transactions and all invasion of privacy completely done through computer control. Anytime you do something the government or the Oligarchs do not like, they can completely cut you off from Health Services, the Purchasing of Food, Mortgage Transactions, and the list goes on. Is this what people want?

    • Jim Foles

      Coming Soon..

  • renest

    What is happening now is the big banks are taking over the small banks, and changing policies, making their customers feel like the banks are doing them a favor. They are crooks, who own the government and therefore get anything they want, while making huge profits off of Taxpayer Debt.

  • BoomerJAZZ78

    Just the elimination of checks will eliminate hundreds of millions of dollars in cost for banks. Most of it has already come to pass.

  • sister_petra

    SO – just how can we get change to smaller bills than $20s when we need to pay people in cash. I still have to go to drive-through to get an envelope full of 20s, 10s, 5s and 1s so I can handle cash payouts for hourly workers. We will always need some kinds of banking service and that will most likely involve tellers. My bank’s ATMs do not offer bills smaller than 20.

  • warren447

    Well now wait the landlord always wants a check for rent or money order, so that should keep it all going

  • BalsterFudd357

    Now that there is funny!
    I mean I know where “that” bank in the photo is!

  • sp90902002

    I’m going to opt out of the Government financial cartel and FED, and teach my kid show to barter and trade precious metals.

  • usdollars76

    Recently Retired ATM Tech. The author chose Banking. The sweeping changes that are coming on stream will fundamentally change the way business is done. Cognitive Computing is here – Google this. This change will be similar to the way the speed of computer processors increased at 100% per year as technology advanced. Applebees now uses Tablets to place orders, where did the waitresses go.
    Hang on to your partner cause here we go.

  • JPReturns

    FACT: The computerization of bank records is threatened by hackers. Most recently, the Russian government was accused of hacking America’s banks. With the kind of resources that hostile governments have, one nutcase could bring down the global economy by tampering with the computers that run the US banking system. Your car loan, your mortgage, your small business loan and your bank account are all vulnerable. I’m not selling anything. There is nothing that can be done to stop this EXCEPT back up everything on paper every day.

    • Seriously

      I’d be happy if they hacked in and wiped out my loans… doesn’t mean I lose what the loan is taken out on. Think about it. They house loan records are gone, just stop paying! They have to prove ownership!

      • JPReturns

        Yep. That’s it exactly. They could recreate the paper trail for one person or a few, but not for all their records. Read up on the “Business Records Exemption” rule of the law of evidence.

  • Sam300

    You can bet the banks will not share those savings by not mailing out statements or processing paper checks or having human bank tellers…with their customers.

    There is a local credit union in own that charges $7 a month if you want a paper statement. Everything via email or access your account on their on-line website. My friend belongs to a credit union that still charges around $10 a month if you don’t use bill pay at least 3-4 times a month. At least credit unions don’t put cash limits per day on transfers. USAA Bank refuses to transfer more than $1000-$2000 out a day so it would take a person 5 days to transfer out $10,000 in their savings or checking account. Shocking that a bank can stop a person from accessing their own money. If someone needed their money for an emergency….they are screwed.

  • nickpik

    To Susie Adamson everything that has anything to do with banking or government or financial matters will be done electronically by computer , telecommunication you wont have any choice in the matter, when the time comes if you don’t do it somebody will do it for you ,Its not a question ,,do you want to ? so get with or get out of it cause its coming wither you like it or not

  • Hopsaregood

    Computers are hacked all of the time. Cell phones are even more vulnerable. Cash and face to face make sense to me. And yes I do some on line banking.

  • California70

    Forgive me, but banks can’t get their hands on your money fast enough now.

    They pay you no interest to speak of, and they want your money instantly so they can make big dollars on it.

    So now in the next ten years they don’t even want to be bothered with you at all.

    Screw you, just give me your money as fast as you can.

    Yep! That’s a banker for you.

    People you are stupid if you put up with this in the name of technology.

    Smart men take care of their money and their wives themselves befor someone else gets their hands on both!

    • Gnowark

      Smart men? The ‘Common Core’ educated ones? Ahh, The pieces are all starting to coalesce. Soon there’ll be a muslim in the white house,.. what, 6 years you say? Coalescing faster than I could have dreamed..

  • ngorgh

    I have never had or owned a cell phone or banking app. I do NO transactions over the computer at all and pay all my bills in cash. I only have this old desk top for talking and checking the weather.
    Banks can say whatever they like and try to make it see like law…..it isn’t. If they stop doing check cashing and the payment of bills from their branch offices someone else will and make money on it.

    • Gnowark

      Let’s see, NGORGH …yup, thought so, right there on the ‘terrorist uses cash, doesn’t have cell phone or apps’ list. I wonder if he/she knows how easy it is for us to track cash? And how next-to-impossible to fake/tamper/steal credit cards, cell phone/GPS tracks, or computer TCP/IP tracking data?
      [It certainly DOES sound like he knows it….Curses, foiled again].

  • wjr123

    Good plan to go out of business, I suppose.

  • FinbarOS

    Five years from now we’ll all be saying “Why didn’t I get into electronic fraud when I had the chance?”.

  • Kyle Greer

    What about making/exchanging coins? Quarters for the car wash vacuum cleaner, etc… maybe all the coin conveniences will take a swipe of a debit card too? Wouldn’t it be cool to go to a laundry mat and merely swipe your debit card to wash your clothes and dry them.

    I don’t really care who sees what I have bought. Post it on my Facebook page if you want. Trust me, its a boring list. The first comment would be “My Gawd, this guy eats/drinks alot of caffeine.”

    I do worry about having my things stolen electronically. My gut tells me that if I keep cash then atleast someone has to have the courage to break into my house, steal my stuff. Right now… my stuff is stolen from China. It seems too easy to take my stuff electronically. There seems to be a perceived amount of security in an online transaction but I read, nearly daily, where my information has been hacked.

    Maybe there is some middle ground?


    • RaterZed

      the convenience store near where I live has a credit card slot on the machine people use to air up the tires on their car.

  • cleo48

    I haven’t used paper or coins for purchase in five years. It’s pointless to go to the bank every few days to get pocket money. Anything that cant be purchased with a card slide is bypassed. The only time I go to a bank is to deposit one check per month. All other income goes to the account electronically. Any time standing before a teller is a waste of personal time and gasoline.

  • winrob

    If everything goes electronic, what’s to stop some evil entity (enter you own) from obliterating a complete set of records? If you are told you haven’t made your last six mortgage payments, how do you prove you have without paper? Any path to proof against a big entity sounds expensive. Lawyers will love it.

  • Tim Gray

    Where will the bank robbers go?

  • Llew Keller

    I recently refinanced my house with Quicken. All the “paperwork” was done via internet, including the signing of papers, using electronic signatures. Ironically, they did print it all out (about an inch-thickness worth of dead trees) and deliver it to me via snail mail, which I assume was a legal requirement they had to abide by. I would have been more than happy to store it on my computer as a PDF, rather than having to stuff the giant wad of paper into a file drawer, where it will likely never be needed again.
    In my opinion, people who worry about hacking are being a pit paranoid. Yes – it can and does happen, but the odds are highly against it. I remember that there was pre-internet fraud, too – when crooks would steal your checkbook, or alter the numbers on a check to change the amount. And if the government decides to snoop into what you do, it’s most likely to be a tax audit, and if that is the case, you’d better come up with receipts, whether they’re in your computer, or on paper.
    Finally, as pointed out by another poster below, carrying around signficant amounts of cash is a much bigger risk than a credit card. If a credit card is stolen, you call the credit card company, and they will stop payment of all fraudulent charges and issue you a new card. If you lose the cash, it’s gone forever.

  • 1uncle

    An oil leasing company put some money in my account. Chase bank charged me $25.00. I tend to blame career politicians who did away with the anti-trust laws that prohibited bank mergers. Campaign contributions? That eliminated much competition. I look for banks to start charging for keeping your money for you. USSA.

  • Thomas Fournier

    Not only will this continue to add to unemployment (while increasing bank profits of course) but wait till a solar flare or a war with nukes takes out the grid you will have freaking chaos never seen before. Time to put your money back under your mattress.

  • Mr. W. H. Braden

    If the world trend continues toward war, coins and goat trading with be the norm.

  • langenc

    Cashless society continues to arrive at an increasing speed.

    Around here banks seem to have very new/expensive branches. I guess they will be closed and sold to someone else.

    Susan-the govt will be snooping more and more. Wont have to file income taxes they will just access your acct and take what they like. That is in Obamacare. Read 1984 for more info. 1984 dont mention anything like Obamacare, as I recall. No one thought Congress was that stupid, even in the 60s when 1984 was written.

  • Diogenes65

    As long as they keep the Christmas Club I’ll be OK.

  • John Gosselin

    If this does, indeed, come about “in 10 years”, that will be a very sad time in our country’s history . . .

  • clifford mckercher

    Everyone will be forced into use of cards or internet, When the gov, & banks do away with money, the dollar will, someday crash, the dollar will only be good for wall paper, look at what is going on in the world, China,russia, they are getting out of the dollar. Gold & silver could become worthless if no one will take it. not that it will, but it can happen.

  • William Gary Brand

    A man was arrested in traffic offense with $3000 cash he was going use to buy a car. Cops confiscated cash. No trial! Law assumes that all large cash amounts are intended for illegal purposes. Even depositing large cash amounts in a bank endangers your bank account to confiscation. Legal fees to get money back, if innocents proved, at least $1000. Cash to be eliminated to remove underground economy. Government will know every economic act. When and where and with whom. People arrested because they were nearby someone else when that person used his card. Big data catches traitors. Next comes implanted chip credit card. It appears that mark of the beast is approaching. Implanted chips now used at dog pound.Christians will starve or be dammed. God sends anyone to hell if implanted. Christians will not be able to buy or sell or even beg for anything. Another sign of end times listed in revelations.

  • Lori Rondyke

    We use our Atm card to get money and our card is also a debit card to pay our other bills.No credit cards here.

  • ShortPatty36@yahoo.com

    Everyone is not blessed with money to keep in the bank to prevents checking account charges. Some work as many hours as possible and have two or three jobs to save their home, feed their families, pay their obligations but the jobs are part time and mostly are minimum wage jobs. Try to understand everyone may not be as blessed as you are sir.

  • ShortPatty36@yahoo.com

    Oh Sussie is correct that everyone does not have a computer or computer capabilities. Alot of people were not born yesterday.

  • RalphSpyer

    Did you ever see the cartoon of a larger fish eating a smaller fish. Then the bank becomes to big to fail ,there is something to be said about the good old days, a neighbor candy store, a neighbor food store, a neighbor , now we have Walmart


      Never shop at WALFART or any big box except for groceries big shopping (shoprite). I still support small business mom and pop stores. Have enough clothes in my closet. Still have clothes from high school. A shirt is a shirt and pants are pants. I do not need 150 dollar shoes or jeans. I am the 10 dollar jean guy and 9 dollar sneakers. Most people are so pretentious they have to buy the newest thing out there no matter what it cost. I know people who have over 15 cell phones in their drawers at home because they just bought the $500 new one. Whats the point? We live, grow old and die. Then someone else gets to clean up the mess of your house. DOLLAR STORE POWER or SECOND HAND SHOP. If you think I am cheap so be it. I do not have any debt and I get the best clothes at GOODWILL or Salvation Army and it keeps people employed and helps the community. What has WALFART done for any community?

  • John John

    There are and will be shifts. I suppose the world will survive on government assistance in the future because the suggestion is that all of us will all be replaced by algorithms, computer programs, etc. Isn’t it being suggested that medical diagnostics, economic forecasting, various types of analysis, monetary policy etc. can all be done better with programs using algorithms. So who will have a job and why will we need banks or money management. Oh, lest I forget, how did the algorithms work out in 2008 – Oooopppps! O sh………….

  • Suburban Guy

    I’ve used cash in place of credit for years but of course leave my excess cash in a checking account. So I still consider myself a Cash Only person as I only buy what I can pay for but use the safety of the bank to hold my excess. It is a terrible idea to go online only because of hacking. Then when we have a problem we’ll be calling “Ted” in India to try to get our money problem straightened out.

  • Flip flopper

    All these changes will probably take place until a “new” bank arrives on the scene and takes hold by offering to give customers “persona attention” and they will then be a big hit. What’s old is new, what’s new is old.

  • terri

    I have been using credit cards for over 30 years and won’t ever give them up. I’ve never had a problem with security. And, even if you had a charge on your card that you didn’t make, the credit card companies dismiss it. You don’t get charged for anything you didn’t purchase! Having credit cards has enabled me lots of free gas, free cash-back, and free airline miles. All for NOTHING because I pay my balances off each month. I will never give up my credit cards. I rarely have cash in my wallet….maybe $5 here and there.



    Credit Card Industry Profits

    Since the Great Recession of 2008 and passage of the CARD Act in 2009, credit card industry profits have declined a little, but not that much. In fact, profits in 2012 are beginning to rise as Americans return to using their credit cards in much the same way they did before the recession began in 2008. And credit card issuers are beginning to issue more credit cards and loosen standards for acceptance.

    Total earnings for the year 2011 for the entire credit card industry were $18.5 billion, which was up slightly from the 13.6 billion earned in 2010.

    How did the credit card industry become so profitable? With Americans charging more than a trillion dollars each year on their credit cards, one can understand why the industry is so profitable. Each time a credit card is used, a merchant pays a small fee. In addition, about half of all Americans habitually carry a balance on their high interest rate credit cards which is a nice cash cow for the credit card banks.

    The credit card industry really started to become profitable as a result of deregulation. The former governor of South Dakota, Bill Janklow, worked hard to deregulage the credit card industry in order to allow them to cheat the public. (Now you know why many credit card companies are based in South Dakota). In addition, the Supreme Court decision in the Smiley v. Citibank case. Their decision lifted fees on what credit card banks could charge. As a result, fees began to climb from a modest $5 to $10 to today’s $29 to $39 fee for paying late or going over your credit limit. It is predicted that these fees will climb to $49 to $59 in the near future. This is not surprising, as these fees are the number one source of revenue for credit card banks, surpassing what they rake in each year in interest income.

    Credit card banks also use specific marketing tactics to increase their profits. The most widely used marketing tool is the zero percent introductory interest rate offer. The credit card industry knows that many people will accumulate quite amount of debt on the card while the rate is at zero percent. Then, when the introductory period ends and the interest rate increases to 17 or 19%, the credit card bank earns significantly more profit than it would if it had never offered the zero percent rate on the card in the first place.

    A second tactic used to increase profits is to require a minimum monthly payment of only 2 or 3% to encourage cardholders to continuously carry a balance so they can rake in more interest income.
    Credit > Credit Cards > Credit Card Industry Profits
    credit report

    Has passage of the CARD Act negatively impacted the credit card industries’ profits? A little bit, but not by much. The credit card industry will always find loopholes to get around the Card Act. The biggest loophole all of them have already jumped through is getting rid of fixed interest rate credit cards that prevented the credit card issuers from raising the interest rate at a moment’s notice under the Card Act. Now they are issuing only variable rate interest credit cards which are tied to the prime rate. If a credit card has a variable rate, they can raise the interest rate much easier.

    A second loophole they have found is to just raise interest rates on everyone across the board, which they have already done. The low interest rate credit card is fast becoming history for many Americans.


    If banks really wanted to save money they wouldn’t build a bank with 15 teller windows and then only have 3 tellers on

  • AP

    “Banks and branches have always gone hand-in-hand, but the traditional, brick-and-mortar bank branch is beginning to die off.”
    I see new bank buildings springing up everywhere, so number one is incorrect.

  • Rachel

    I agrre with susie Adamson. I had someone steal my info, I still have no idea how. My ” bank” did nothing to help me when I wanted to close my account they would not let me do that because, ‘ there was more transactions pending’ , not mine. When I wanted to recover my money I had to fill out a form for each transaction that was not mine which cost me 50 $ for each one. They helped those crooks steal my money. I am a single mom with two children no family to help me rebound, guess thats my bad luck for trusting these institutions. The only reason I have an account and debit card now is because my employer forces us employees to have one if we want to be paid, no paper checks. Nice, I have no choice. And before too long neither will you.

  • Vickie Casey

    jimho the trends noted in the article also portend a transfer of all voting online; really, if we can do all our banking online, well, then . . .

  • Terry Le Dactyl

    Paper money is dirty. Especially the one dollar bills. Smell one…just imagine all the nasty places they have been. In the banking industry, they teach us to never lick your finger when you count out your bills.

    In the far future, humans are going to look back at us with both fascination and disgust. “Yuk, how did they carry around and trade such disgusting pieces of paper? Go figure….”

  • Terry Le Dactyl

    Paper money is dirty. Especially the one dollar bills. Smell one…just imagine all the nasty places they have been. In the far future, humans are going to look back at us with both fascination and disgust. “Yuk, how did they carry around and trade such disgusting pieces of paper? Go figure….”

  • Boondoggler

    I heard that same prediction 10 years ago. There will be fewer of these types of services, true, but not all people are or will be comfortable with total technology banking. There will always be those that want, maybe even need, to go to the bank and have things explained and worked out for them. For some it is even a social experience that they will be willing to pay for.

  • MeMe

    P2P is not “people to people” it’s “per to peer”

  • Wayne Willard

    They are trying to put good honest bank robbers out of business

  • David McElroy

    I use paper checks for major bills like rent and utilities because I want a record of my payment that is tangible. Digital transactions may be “convenient”, but your finances are totally at the mercy of banking computers which can suffer minor glitches and major hacking of your data. The “cashless society” tempts us with convenience to completely surrender our control of personal finances.

  • Wayne Varner

    paperless means no trail…..

  • RockinRon

    you are full of baloney. I have asked cyber security experts how they pay their own bills, and they all say paper checks using the post office as the only un-hackable way to get the bill payment to where it belongs.

  • Larry

    Credit cards only make sense if one has the discipline to pay bill in full each month.

  • Ben Tucker

    I have a friend who lives in a mountainous area in a low population state. Due to weather and terrain cell phones don’t work, telephone service can be iffy, there’s no internet coverage; she can’t even get TV. This is not distant rural Utah or something; it’s in Vermont! At any rate, she uses checks and she mails orders and payments just like the olden days. She’s already lost analog phone service, which she once used for wireless phone, and most P.O. services due to USPS closures. Just for a change let’s make sure the glittery new e-facilities are universally available before eliminating the old ones!

  • Lauren Hahn

    I used my debit card most of the time until Jewel had two data issues. Now I’m back to writing checks. I’m a little more careful with my credit card too, after charging something at Neiman Marcus a year ago and then discovering that their customer data base was hacked. I’d love to use plastic all the time, but it wouldn’t be safe, would it?

  • frontgate

    What a bunch of luddites! Computers are here to stay for a long while. Plastic , i.e. credit/debit cards may not be around long, smart phones will replace them, and cash will also be obsolete in the near future. So, luddites, how’s the buggy whip business going for ya’ll?

  • Gary Ewer

    All Banks are evil empires! Cash only always! Keep as little as possible in them.. When you keep $1000 in your bank, they manipulate it into $100,000 loaned to others at intrest driving us all further in debt and slaves under their control.. Pull your money and take away that control.. If every Ameriacan did this we could have our country back in a week

  • Joseph Dear

    I really see more of a decrease in these things than actual obsolecence. Consider branch services. It is true that more and more things can be done online. In fact, many things can be done entirely remotely thanks to, phones, the internet, and the ability to send scanned documents. That doesn’t mean there isn’t going to be a perpetual demand of in-person service. Many people simply prefer doing things with the banker in the same room, especially the more complicated transactions.

    Paper things (#3) allow for additional security and accountability. Having documents both stored electronically and in print insures that the information is safe both from fires and from computer failures.

    Traditional tellers (#4) more or less pair with #1. So long as there is a demand for some degree of in-person branch service, there will be a demand for traditional tellers

    #2, checks, i could see going either way Their use has plummetted in recent years. At the same time, they have become such a mainstay to both personal and business finance that I can’t imagine some use for them (even if only for things like government entities that refuse to bother updating their systems to accept online payment).

    And #5 is like branches. I predict a decrease, but there will always be a place for in-person service, even if people have to search harder to find it.

  • namora

    They are going to have to get the security for PCs a whole lots better before I trust it with my banking. Oh well the mattress will have to do.

  • disqus_ubzDC4XSN5

    So if a bank has virtually no overhead and needs almost no employees, WTF ARE ALL THOSE FEES FOR?

  • Fred H. Smith

    what makes you think i’ll use a phone to do my banking? there are too many mistakes being made already with those who try to do it by phone…I have an account where they charge my credit card for my monthly fee, again this week they DOUBLE billed me, now I have to make a trip to their office wait at THEIR convenience to get the error corrected,,

  • sweetone2

    This is ridiculous to say one size fits all! If this happens many Seniors will withdraw their monies and figure out ..who needs them? Besides some people don’t even have the desire to own a computer, and think like me. if I lose control over my money, this will be the straw that broke the camels back! Many will just get ”lawyered up”.

  • Jim Shanks

    I remember the predictions that all “brick and mortar” stores would be gone by 1999. The problem with technology replacing human interaction is that it only works for “common” interaction. Try to tell the auto-responder for any business that you need to do something that isn’t on their Press – 1 for, 2 for, 3 for menu and see what happens. Banks won’t go away and there will still be tellers, and yes, businesses will still need a signed check for many transactions. What will go away is the cashing a $20 check, but then again, for small amounts, most businesses would rather hire people that can’t count to 10 but know how to swipe a debit card any way.

  • rick

    Banks have long been useless – they survive only by charging ridiculous fees and preying on the elderly.

  • Johnny Cook

    This trend may be the wave of the Future, but rest assured it’s all about making and keeping more money for the Banks. It will not benefit the consumer who will have less and less recourse when monies go missing with no paper trail of deposits, transfers, etc.
    Big Banking is out to own us with the least amount of effort on their part.

  • Freedom Kinney

    Chances of bank closings branchs yes getting rid of them no.You will have to have building to go and chew them out at .As many forms that need signed for real estate sales .I can not see realitor doing the lenders work for them .Thinning the amount tellers and branchs will happen. You have to have contact point to raise gripes from online cant totally replace every facit ..

  • G

    Wants, needs, desires live within your means if you can’t afford it don’t buy it. Use you bank card for purchasing either debit or credit it’s still comes from your checking. Roof over your head food on the table is a need, that 35 dollar jacket is a want, the flat screen is a desire. We have become to dependent on foreign crap that lasts less than a year we have become sit down obese managers as a country we use to invent and produce. We never fix things we throw it away and buy new. We want to believe the hype we want to believe we have choice but it’s rigged. We treat our elders as blights but funny thing is the way we treat them is the way our children will treat us if not worse. Our police and government are not held accountable and yes the banks are your friend you family until you have no money then they are legal mafia lol. The problem in society is that we are all legal first then moral then ethical. It’s those blurred lines the greys that we can’t see till much later.

  • ann laurence

    CASH is king

  • Seamus

    Banks have blown the opportunity of offering services other than checking accounts. Fidelity and other brokers ate their lunch 20 years ago.

  • LennyLee

    If I read one more time about how we will become a paperless society, I’m going to cry. None of these will happen.

  • Drmel

    Why would I put all my financial info on line? Target, sony and the other big boys can’t keep credit cards safe,. How can you trust the system to keep my info safe?A couple of years ago, my email account got hacked and even though I lost no money, I lost several hours of time and was embarrassed when the hacker claiming to be me asked my friends for money.

  • Bankster

    One important paper commodity you failed to mention that is definitely going away is fiat currency, the paper monies the Federal Reserve has been printing with abandon since 1971, when Richard Nixon “temporarily” removed our dollar from gold exchange backing.

    Prior, a foreign entity possessing our American currency could exchange that paper for real gold. After, our currency became worth what we say it’s worth, with no ties to any physical substance whatsoever.

    Since, our Republic has created “wealth” by printing fiat currency. Which is based on nothing of real value.

    We are now 18 Trillion in “real” debt, and our Dollar is soon to be kicked out of it’s lofty position as World Standard. Which means we won’t be able to print more dollars to buy oil, or to pay even the interest on our massive debt.

    Expect world-class inflation of the kind where you’ll need a wheelbarrow to carry enough cash to buy a loaf of bread.

    We’ve had it easy, us Americans, keeping the ability to print fiat money to stay above the rest of the world. Not for much longer I fear.

  • Dfbg

    I absolutely agree with Susie Adamson. Not everyone has, wants or can afford to have a computer. It is actually dangerous for some seniors to bank on line, since many aren’t adept enough to avoid fraud & hackers. The best of us can can fall victim to hackers imagine what they can do to unsuspecting seniors. No way, no financials on line.

  • Rick

    I write checks for all of my bills. The only time I use a debit card is at the grocery store which has an ATM if I need cash. I do not have a smartphone and have no desire to obtain one and I have always done it this way and am not enamored with all these newfangled devices. If branches disappear that would be a tragedy for me. And what about safe deposit boxes? What will happen to those? I know my parents who do not even own a computer much less a smartphone and go to their bank 2 or 3 times per week. I hope to be alive in 5 years and do not want to have to go to all cash and have a safe in my home. Just because some people choose not to use banks does not mean there are not those of us who like traditional. Change can be good or bad

  • sosted

    how does a business owner deposit cash? Night drop and trust the bank?

  • Dan

    Your credit limit and timely payments contribute to a higher credit score.
    I don’t encourage debt. Recommend using a card or two but paying off balance each month will improve your credit score and drastically reduce insurance premiums. Seniors who have no mortgage and no credit cards pay the most for car insurance because they have lower credit scores.

  • Stephen Green

    Sorry all 5 of these things will be alive and well in 10 years… 50,000,000,000 checks get written every year in the US. With passage of “Check 21” in the late 90s making images of checks acceptable as paper checks between banks this means no real slow down in businesses using checks to transact commerce. Washington Mutual tried some “peopleless” branches in the early 2000s (they failed miserably). Citing credit unions in the article is misguiding has they really only deal with a small set of consumers in the market and little to no commercial businesses. The passage of the “Patriot Act” also insures the current structure of banking services as doing things in person is the best way to deter fraud and money laundering.

  • Momsnake

    What about Safe Deposit Boxes.

  • Maine_Idea

    “Build a better mousetrap and the world will beat a path to your door.” — Ralph Waldo Emerson

    And so customers will vote with their feet – probably heading to local banks that will continue to offer personal service and written documentation.

  • #1plumber

    i like it!

  • Practical

    Yeah, let’s hasten the day when you cannot buy or sell without the mark of the beast. On-line digital banking is already here, but “smart” phone banking complete with all your “private” medical and personal history on one small chip and your physical location being broadcast to the world at a single instant is another step towards complete totalitarianism. And you will not be able to rely your good reputation with a small town banker to get a loan if need be. Progress? I don’t think so; instead this represents a giant step into economic slavery without even realizing it.

  • Admiral401

    Here’s a problem: some banks are charging for digital transfers, and other things not done at the bank. So as in bank services disappear we.’re gonna get his with new fees to replace some of the old ones. One way or they other they are gonna screw us.

  • cleo48

    Pfft. Already there. I quit going to banks the moment I retired. Everything was digitized. Waste of precious personal time. I don’t get or carry money or checks of any description. All payments and bills are handled electronically in mere minutes. When I have lunch at my favorite bistro, I still watch a few of my friends with wonder as they pull wads of paper out of pockets and horse around with change. You just end up going to the bank or a machine every few days to get more wads of silly symbolic stuff. And it’s SO easy. Identity fraud is a concern, and I’ve dealt with it on a couple of occasions, but based on experience, the exposure is minimal and the credit institutions are all over it with far more effectiveness than used to be the case. Given the choice, I’d rather do digital. When yer old, personal time is worth more than paper and trips to the bank. If I have to listen one more twenty year old twit teller ask me what I’m doing today, I’ll invite her along for the ride.

  • Gary Platt

    With all of the credit cards being hacked into and online personal information being stolen why put your financial life at risk by presenting it to criminals on a platter ? There will be more sophisticated ways of breaking into your accounts developed in the future.
    Checks and paper are the way of the future.

  • Chuey

    And why do I always get behind the lady (always women) in the supermarket with coupons, who writes a paper check? Can I borrow a pen? What is the date today? And then she balances her account while the line at the register swells. This isn’t 1955 anymore darlin!

  • Paul Ricchi

    The thing is, there is much more risk in having your statement arrive in your USPS mail box. Paying anything with a check also creates risk – you are giving your name, address and account number to a 3rd party…there is an epidemic of counterfeit checks in circulation.

    And let’s face it – not having an Internet connection is like not having a mail box or a phone.

    All of your information is already in data bases all over the world, too late to worry about that.

    Going off the grid and heading for the hills is an option. But then you wouldn’t be able to watch reality shows on cable or listen to those vapid talking heads on cable where news is always “breaking”.

  • Diogenes65

    As long as I still have my Christmas Club I’ll be OK.

  • bobf123

    i predict in the future that this bank will be closed!

  • Master Mariner

    I’m a long time custimer at a small bank in a small South Carolina town. I no longer live there, but I wouldn’t think of leaving the friendly folks and personal service. When I call I don’t get “Press…..”. The person who answers recognizes my voice, greets me by name and asks about my pets and my family.

  • Cindy Kaes Neal

    The major problem with having no credit cards is making reservations for hotels, some restaurants and car rentals.

  • Jon Thug

    Oh yes the Bankers would love to keep their costs low and provide less and less personal services. Seem to me that this makes the public much more vulnerable to certain crimes which will likely cost consumers a mint. Yes the Banks are licensed but they pay the lobbyists to reduce regulation to almost nil. Seems to me the Public bailed them out when they made a lot of bad loans. Yet the Bankers say “That is Capitalism my friend” I say when they are licensed, when they can “create Money” through a Fractional Reserve Banking System they have an obligation to provide the public service not shaft the consumer with extremely high fees or shoddy services. Worst of all many consumers are being forced to have Direct Deposit instead of a Paper Check. I have a feeling this is another result of one “Bankers Relief Act” one after the other. Have they no sense of Shame?

  • Michael Steele

    Unless we plan to exterminate groups like the Amish, all of the things listed above will still be used no matter what.

  • American Voter

    The last bit of privacy left to me is spending cash..The government has no way of snooping in my spending habits, where I shop nor what I buy. I pay larger routine expenses by check, insurance premiums by automatic deductions from my checking account. I will not use credit cards My ATM card is used to withdraw cash only and used at my bank ONLY. The powers that be don’t like this. They plan to oversee all financial transactions in our lives…and Bitcoin is a scam.

  • ScienceABC123

    You know I heard this same spiel back in the 1990s. Barring amazing improvements in both electronic security and identity theft protection this isn’t going to happen.

    “Electronic security and electronic theft has always been a game of leapfrog.”

  • Connie Zebrowski Chisek

    I am 37 and do most everything in cash or check. Makes me more aware of my spending. I hate credit/debit cards.

  • Flyfisher

    I use a credit card for everything and so should everyone else. Why not have an interest free loan for a month and get rewards. the key is paying it off each month. I haven’t paid credit card interest in years and most years i can pay for almost all of my christmas shopping with my cash rewards.

    and i think it is hilarious that people say i don’t want my information on the internet, like their refusal to move into a more modern time is going to prevent their information from appearing online. Newsflash, your info is already there whether you utilize the features and conveniences or not. I haven’t written a check in a very long time. If i need to send someone money i just use my bill pay, it does the work for me and it keeps me more secure as my actual account number is not even listed on the check that is sent…sounds like a win win to me.

  • Old school

    I am tending to go back to “the old ways” due to the hacking. Where i work.. A small company , it was hacked… I am very upset with how easy everyone can be hacked..

  • Michael

    Banks are the cotton plantations. We are the slaves…

  • Andy Sprouse

    this is bogus. if it happens, going to be alot longer than 5 years from now

  • sandra

    not a chance I will ever do this.

  • Bozo

    Kash is king,stick the bank up your ass

  • Max

    In a 100 years from now the technology to do business will be so easy that everyone will be on line (so to speak) and even the most or least educated will have the know how. This period is the learning period…where many are not equipped to cruse the internet or go paperless. Look how far we’ve come in just the past 30 years, and the learning process has increased to where many, not all, have climbed on board…Doing the tech-stuff will be 2nd nature after those who have passed on wern’t able to grasp the program…..Just look at how many use both the debit and credit cards now….Not a big deal…Look how many do their banking on line….There’s so many benefits to having all your information on line and be able to budget more with actual figures, not guess work.

  • Ronald

    Yes. And as time goes on, the banks will become “even more efficient”. Whenever something goes wrong, or some seeming irregularity must be clarified, clients are welcome to phone and speak to a human. One can expect to hear a recorded message informing the client that the wait-time is expected to be two hours, or so, as “less efficient” customers’ per minute call charges add up. During this wait time, it can be expected that annoying music will be piped into the phone line interspersed with recorded messages informing the hapless caller how valuable they consider their customers to be. Hopefully, the line will not be disconncted if too many callers back up.

  • NoMoreADem

    US Money will disappear. Due to the 18 trillion dollars (that is 1 million times 1 million times 18) the U.S. Treasury borrowed from the Federal reserve, (9 trillion our President did) Banks will no longer be needed for our money is worthless!

  • CashWhisperer

    Since this discussion has evolved in to “cash vs credit”, I”ll add my 2 cents. I have worked with Dave Ramsey’s office for almost 15 yrs now. ( put over 500 families through FPU, for 6 years I was the only ELP South of San Antonio and Houston) and when we started, one could afford to blow off your credit score the way Dave suggests. Today you can’t do that. It has nothing to do with loans, mortgages or credit cards.

    I had someone tell me that bc their score was 719 and not 720 (one point) their car insurance went up $1400 a year. I get calls from people who can’t get jobs bc they have low scores. One person had been with a company 8 yrs and they applied for a promotion. Bc their score was “below the company’s threshold” the employee had 90 days to raise their score or be terminated. A friend of mine had to call seven (7) electric utility companies before he found one that didn’t want to look at his credit score. And the stories go on and on.

    The point is, just as banking is changing, other aspects of your financial life are changing too. I had been paying cash for everything the last 15 yrs. No car payments in 22 yrs ( cash for all the cars) no credit cards for 15 yrs. And my score was in the mid 500s bc I didn’t have things plugged in to the formula. Now I teach people how to restore, CONTROL and enhance their credit scores while being responsible and NOT going in to all kinds of debt. I also help them filter the old debt before they begin their debt snowball so they have smaller amounts to pay off ( if anything at all) You can live your life as if the world is flat and stay near the edge of the shore, or you can realize that the Earth is round and live life to the fullest.

  • ScienceABC123

    Why do people continue to make these type of predictions? History should be learned, or you are doomed to repeat it. Number 2 – Check Writing and Cashing was supposed to have happened back in the 1970s with the advent of the credit card. Number 3 – Paper of Any Kind was supposed to have happen back in the 1990s.

  • mrhuehls

    Wrong! People do banking with people. It is not like buying from Amazon, eBay, or another retailer. Retail is not banking. Banking is personal. I’m not sending money to some anonymous entity out there I do not have a relationship with. As far as paper goes, every effort by business to eliminate paper fails. Paper may be lost but never hacked. No large burst of electromagnetic energy is going to erase paper. However, check writing and check cashing are likely to go by the way side, but as in all things there will be a residual need for years to come.

  • edieer

    Digital banking is part of the NWO.

  • edieer

    Beware of digital banking! One day around 2030 you will have your two bucks for all yor needs and the United Nations will be your IRS. People were fools when they allowed liberals to get away with lies and corruption so many decades. You reap what you sow, good luck sheeple.

  • CAP137

    Money matters and healthcare, are very personal issues. Although the tech might be there to be able to do it, not so sure people will be comfortable dealing with a machine as the default. Like flying in pilotless aircraft. Technically possible but when the first crash happens and it’s traced to a solar flare or computer glitch or cyber intrusion, the will find itself in deep doo doo and hard pressed to reconstitute the necessary infrastructure to regain trust.

  • Sean

    Realtor does not handle the loan. That would be the settlement company working with the bank, buyer, seller, and representation by Realtor on both sides. I don’t think paper is going to go away and face to face disappears. There are people out there with lots of money who expect VIP treatment and that doesn’t include a machine. Do you think the guy who stays at the Four Seasons uses a machine to check in. He is going to expect face to face and something in hand. This thing will be a piece of paper. the same thing will apply to Banks. They will have to always go to the customer face to face and with something to hand out to get new customers. I’m 51 right now and plan on getting rid of some of this tech crap when I retire. One computer because you have to, cell for road side emergencies only and I’m getting rid of cable. I have written one of my kids out of my will because he will not answer the phone or listen to messages.

  • ShirlSumm

    #1 can’t happen unless they change fed banking rules.

  • Iconoclast2

    I read a Book one time that predicted a cashless society. I think the title of the Book was “Holy Bible”.

  • SAM

    What about those landlord/tenant arrangements that walk-in banks or drive-thru’s provide easy rent deposit to? No one is going to give a renter that much power.

  • Dieter Moreno

    I don’t think brick and mortar banks will dissapear. I like occassionally talking to a banker in person. I would never talk to an online banker because it could be a phishing scam (and probably is). I do prefer online transactions and debit card over in person banking and cash, but I want the comfort of knowing a brick and mortar bank exists in cities around the U.S. in case something goes wrong and I want to talk to a human not a computer.


    They want to get people onto some thing thats a lot easier for thieves to pick our pockets. This government wants thieves to steal our money, just like they are practically paying illegals to steal all they can, and furnishing them our Social Security numbers to do it. Stealing is counted as a job in this administration. See how many new jobs they created this quarter, Economy is doing great on account of thr lying and cheating and are cooking the books. The banks are stealing our money by not paying interest on our savings accounts. What more proof do you need. Stealing our money is a government legalized racket.

  • Lyla Cavanaugh

    I would not want to put money in a bank without a physical location. It is just that much more easy for the bank to abscond with your funds! Sorry, you have been “bailed in.”

  • Carl Mertz

    You can K!ss Large Super Size Banks ” Good Bye ” they insult there customer base. Decision are made in other states or Nations. Just like the ” Daily Newspaper ” ” Local ” is the New Big.

  • Norseman

    I am going out on a limb and say this article is wrong on all counts. None of these predictions will come true in this lifetime. People have been predicting paperless office for at least 15 years. Hasn’t happened yet and probably never will. Sure, paperwork is unpleasant, but it’s a fact of life. Doctors offices, lawyers and courts, and the US government all require written confirmation of all proceedings. Even online transaction have to be verified. If there is no paper check then there needs to be a paper receipt or printed file of some kind or you can’t prove your case. Like the time the IRS sent me a notice saying I hadn’t paid my income tax. I had to send
    them a written rebuttal letter, a printed copy of the canceled check
    they had cashed, and a printout of my bank ledger showing the check had
    cleared my bank. I’d like to see you get out of that one without
    paper. As for branch services, human tellers, and asset management, face to face is always preferable to online input. There have been many times I needed personal help to get something done that I was simply not able to do online. The ability to ask questions and the security of knowing a real person is looking into my concerns is very reassuring. The bank that offers the best personal service is the one that will always get my business. This article is just another tech weeny boasting about how he is sooo much cooler than me, and I’d better get used to it. I hate it when someone simply declares things obsolete just because they don’t use them. Newsflash, not everyone thinks the way you do.

  • Poet

    There will be a huge business opportunity for some bank that decides to keep its branches and serve those who want to bank face to face.

  • Good riddance to the branch, there’s almost no reason to ever go into one. I can’t anyway, given I work the same hours, would it kill them to stay open until 6 or 7? Anyway for all of the baby-boomers listen: computers are no longer a nice-to-have, they are a necessary part of modern life and if you do without it on purpose you’re doing yourself a disservice. Compare it to the TV, I’m sure you had people who didn’t want them at one point.

  • Fact not opinion

    When the U.S. economy comes crashing down you will not need to worry about how you do your banking, your money will be frozen by the government, and dollars and credit cards will be worthless, every city and town will look like Baltimore. You can thank all the so called experts in Washington DC including this left wing liberal wacko in the White House when this happens. You can be sure it will happen because the United States is already broke, it cannot continue to print worthless dollars forever. Yes banks will close down, the ATM and credit cards will be shut off, and every citizen will think they have money, but it will be impossible to get it and if you do it will be worthless. America better wake up fast.

  • Paulette Cogshell

    I’ve learned my lesson 2004 I had filed Chapter 7 bk on 4 of my credit cards. Yes, prefer money orders or cash when I go to the store or make purchases and use by bank debit card even when I purchase gas. When I am paying with cash I think before I decide to purchase base on want versus need. I would rather live debt free.

  • Postinaway

    Better NOT try to take away my checkbook!





  • Dave Miller

    Ever try getting your bill adjusted once AT&T or the cable company HAVE your money already? It’s a much different discussion when you owe them money. That’s why I continue to pay by check. It’s not easier or more convenient, it’s just the biggest and formerly reputable companies of the US will slam your bill for a dime and you spend hours getting the invoice adjusted…. every month.

  • Robert Furst

    You cannot fight the financial institutions, just today five were fined billions for fraud to customers, and not an employee went to jail. As for the fines, the government still has no idea how much was stolen. As for gall this occured during and after the bailout.

  • Shelly Kammert

    So help me understand the dichotomy of #1 and #2. More people will be depositing checks electronically but no one will be writing checks? HUH? And can someone explain to me where CASH fits into the equation?

  • smichaelclark

    Can’t fight progress. Didn’t want to give up my 8 track tapes but they’re gone. Didn’t want to give up my cassette player but it’s gone, Didn’t want to give up my land line but it’s been gone, Didn’t want to give up writing checks but haven’t written a check since 2005, Didn’t want to bank without tellers but they are gone from my bank, Didn’t want to stop writing in cursive but the younger generation can’t read it because it is no longer taught in public schools, Don’t like wearing a seat belt but it’s the law now, Don’t like wearing a condom but have to now, You can’t stop progress you must adapt to the changes in the world. The Internet is the best thing invented in the world since they found a cure for polio. More knowledge at you finger tips than you could ever get at any library.

  • Regrulator


  • Kraueter

    You know, they have been predicting this stuff for years. Are they forgetting about all of the Target and Home Depot scandals? People aren’t exactly trustful of the system and young people are too stupid to realize that having a checkbook is a good thing. Who has figured out a way for tenants to pay their (small) landlords rent?

  • Mike

    1)BS. I just walked into a bank yesterday to get quarters. You can’t do that online
    2)BS. I pay my rent with a check. That won’t be happening online
    3)BS. There will always be people, myself included, that will write checks. That would include those that have never had and will never have a computer.
    4)BS. There will always be people that will not feel comfortable using a debit card. Those people will always go into a bank to make withdrawals.
    5)BS. What makes this idiot think that everyone lives online?

  • Bill Otten

    All the more reason to give up credit cards, & just have a debit card. I haven’t had a credit card in over 30 years. My debit card is alI I need.

    Add to the fact that with so many people having smartphones, tablets, laptops, ect, there is no excuse for not being able to check your bank balance 24/7/365.

    And then there are rechargeable & prepaid cards that you can get to manage your money, if you don’t feel confident with your spending habits!

  • Michael Styles

    I have zero intention of ever allowing a bank to only deal with my banking on a digital level. I’ll stick to the paper that employs a paper or hard copy of transactions. Digital only opens the door for all kinds of problems. The hard copy is something I insist on.

  • Eve Heffer

    Great opportunity for financial fraud. What can you do if you can’t visit or call anyone if there is a problem? Your bank may not really exist.

  • few

    Your web page is a mess. Some typing over the top of other typing. Pictures over the top of #3’s headline. This is not a great way to show off how well the internet works. Fix your mess before you post your message. I sure hope this new way of banking works better than your website.

  • TonyEdwards2

    Banks generally don’t offer investment products that can compete with discount brokers such as Swab. So they are really just going to be taken over by the likes of Swab and other brokers once they decide to invest in ATMs.

  • Nadine Sharp

    Apparently the powers that be on this subject are not taking into account that not everyone can afford to have a smartphone and the service for it, or maybe even a computer. And, technology is not fail-proof. What are people supposed to do if the bank’s computers fail? Or what about the occurrence of a large scale power outage? There’s something to be said for not relying on only one way to get things done.
    The same thought applies to people who say they would never have a credit card. Some businesses will not reserve or hold their services or goods if you do not have a credit card to give them over the phone or online. There are cards with no monthly service charges and you can pay off the balance in full every month and not incur any interest. And using a card does not preclude one from taking a calculator to the grocery store or wherever and keeping track of the running total to stay within the allotted funds for that shopping trip the same as if one paid cash.

  • Michael Pace

    I can’t wait for the day when the United States stops printing money. I believe Denmark stopped printing money and it is saving them billions! If this is successful other countries will follow their example including the U.S.

  • jaboj

    The direction banks are going, before long an honest bank robber won’t even be able to make a living.

  • Vicki Mate

    Not everyone wants total online banking, especially with the proliferation of major security breaches of online information. Also, not every business accepts all variations of debit/credit cards, and that information has been easy for the kooks of the world to hack too. Sorry, I still like face-to-face banking and paper checks that can be written.

  • Ruth Foster

    cash will also be a thing of the past–I haven’t used cash in 15 years!

  • Stormtrooper

    Good propaganda for cashless society………so they can monitor your every move. And lock up/steal your money whenever THEY see fit…….IE Cypress &Greece!

  • p51dman

    Never ever trust a bank!

  • Tom Quimby

    This propaganda while countries like Finland and the UK were able to eliminate checks the U.S. will not be able to. I don`t think none of these things will happen in 10 years I don`t have a smart phone if I want to deposit a check I go to the bank, I prefer dealing face to face with the tellers and bankers. I prefer to write checks to pay my bills, if they somehow manage to eliminate checks in the U.S. I will switch over to money orders. I don`t think any of these things will happen in 10 years maybe 30-40 years. I have never had a credit card and I try to deal in cash whenever possible which means I very seldom use a debit card except at the ATM machine at my bank or one of it`s branches.

  • JimfromBham

    Sadly, I agree with the article. I grew up writing checks and paying for merchandise with paper money. These techniques encouraged more savings because you could actually see the money leave your hands, or the dollars go down in your check register.

    Credit card transactions, Apple Pay, etc., don’t have the same guilt consequences because you aren’t aware of the impact to your account when the money leaves it. An occasional twinge of guilt or conscience is good, because it makes you pause and wonder if you should spend the money now (either on credit this minute, or overspend today which causes a need for credit transactions sometime soon), or should you save up for the transaction.

    We are spending more and more on our disposable income on interest payments: mortgage interest, credit card interest, bank loan interest, etc. The “Greatest Generation” and their parents, both of whom lived through the years of the Great Depression, would be appalled. Likewise, we don’t seem to have learned many lessons from the Great Recession’s dark days.

  • kc3uk

    I use cash as much as I can. I still like to pay my utilitiy bills by checks. I do not have a credit card. Don’t want one either!

  • Ellen Yarbrough

    Greater efficiency my rear end. It will be one more faceless, souless, Kafkaesque nightmare just trying to get your balance, let alone if there is a problem. Computers dont care if your identity has been stolen or your check was depositef in the wrong account. Yes, the internet is “so secure”, who wouldnt trust their life savings to the Cloud?

  • kdou

    For the person who doesn’t want a computer to do banking or any business. you will likely pay a large fee to go to a bank that has tellers. Also if you do not want any tracking of you you must pay cash and not use any club cards as those are tracking you as well.

  • Mark Smith

    1. I do much of my shopping at garage sales, church rummage sales, and swap meets. The overwhelming majority of these merchants do not take electronic payments. How do you predict that these transactions will take place?

    2. Most stockbrokers and mutual funds require a paper check to open an account; not sure if this is an SEC regulation or just a tradition. Any idea if this will change after checks supposedly become obsolete?

  • Juanita

    So verbal and physical communication with actual flesh and blood humanity is coming to an end. You already see it when you are out and about, no one speaking to each other, head down, fingers clicking and sliding over the cracked surface of their hand held pacifier. I will go down kicking and screaming, I don’t own a “device”, or tv, only use cash or checks, and don’t use credit or debit cards. Amazing how many people I meet and have some wonderful conversations.

  • jerry Hehl

    I’m computer illiterate,whait will I do????

  • Laurence Almand

    I don’t think anything will replace the convenient paper check. Also, even though I do a lot of online banking and bill-paying, I like to have a paper record of my transactions. Suppose the computers crash or hackers loot your accounts? What records will you have then?