we pay most purchases by credit card ($10 and up) and use our debit card for cash withdrawals - perhaps three times a month .
pension , phone , newspaper , credi card payment ... are all by automatic withdrawal .
as a retired auditor i still don't trust internet payments completely .
certainly in canada/united states there have been some real horror stories where things have gone terribly wrong - and the banks are NOT very swift in acknowledging errors .
the customer often has to jump through hoops trying to get errors corrected .
i recall the last audit managers conference i attented .
internet banking had just become popular and was being pushed by the banks . a company president who was present at the meeting through out a question to attendees from the banks : "any bank who promises a speedy settlement of internet banking problems in writing ? " -
there were no takers !
i know that these problems are infrequent , but battling with a bank is usually now an easy task for consumers .
at my age i stick with stuff that i can take to the bank(credit card slip , ATM slip , bank statement .. ) , show the bank manager and say : "your bank made a mistake ! " - usually gets quick action , particularly if i promise to take my business to the competitor across the street .
btw our money is pretty well evenly split between two banks - and they know it
hbg
