ChatterBank3 mins ago
I'm Gutted For The Old Fella But Whay Wasn't It In A Bank?
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For more on marking an answer as the "Best Answer", please visit our FAQ.A lot of elderly people feel the same they do not trust banks. I know such a person he keeps his cash under the bed, I have tried time and time again to get him to put it in a bank but he will not do it, he refused to even have a bank account until the DWP said he couldn't get his pension paid unless he opened one, and that is only a post office cash card.
plenty of people don't trust banks, ripped off over bank charges, selling them insurance they didn't need, selling them packages which they didn't need, and sundry other tricks they use to garner your cash. if you were referring to me, people have lost money with banks, or had to fight the banks when they have had their ID stolen, proof they were not in Istanbul when that 5,000 grand went walkabout.
Banks have your money and give next to, or no interest in return. It's reasonable to decide one don't want the bank to make a fortune off of your savings and treat you as sucker as a matter on principle. And again, as mentioned, it could be inconvenient of your bank closed and the next nearest is miles away. Especially if older. Besides as one gets older it's more difficult to spot the best course of action or indeed be bothered with the hassle. Which is why even formally sharp folk may need protection in later life from the scum that prey on them.
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