I do worry about the fact as you say there will be no high street banks and we are forced to do all financial transactions on-line.
Let me tell you about an incident regarding a bank that happened many years ago. I was still working at the school then so it's pre 2011. One of the teachers went to the ATM machine in the wall at her high street to get some money. Most of the money had dissapeared. She notified the bank, SANTANDER, who imediately froze her account ,credit card , everything, while they looked into theft. £1500 had been transfered into a Spanish bank , then 3 days later £3500 had been transfered into the same account.
This was an internal theft, someone working a bank in Spain [a bank employee] was transfering money from British accounts. It all got sorted out in the end . the teacher got her money back , but it caused alot of problems with her payments , direct debits etc and the bank would never give her the full details , it was all hushed up. So, how can we ever trust banks with our money if this sort of thing can happen . No doubt it does happen but the banks would never want us to know. Very worrying.
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