Don't worry, soon your pennies will no longer be legal tender. The Canadian government took ours out of circulation. I imagine all coins under a dollar will soon be next...
Digital currency
- Thread starter Henro
- Start date
GreensvilleJay
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BX23-S,57 A-C D-14,58 A-C D-14, 57 A-C D-14,tiller,cults,Millcreek 25G spreader,
Magicman
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I hope pennys never go away. I can drill a 1/4" hole in them and make washers. Store bought washers cost 3 cents. 
jkrubi12
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B2601/LA435/QA54"/BH70/B8160box/BB1254/PFL1242/SGC0554/BX2812APlow/WC-68 Chipper
Reading through this thread has got me confused.
I think I'm missing the defined difference between 'digital currency' and 'online banking'.
IMO digital currency is bitcoin & the like, whereas online banking is paying bills from your living room, on your computer, without a bank teller's involvement.
I've never ventured into digital currency (yet) but I do a lot of online banking. Additionally, it seems that every online-capable account tries to eliminate paper statements ('paperless billing') as a cost-saving measure. Unfortunately I see a total transition to paperless billing as a way to lose the ability to maintain accurate financial records.
Finally, I notice that some of my online payment accounts want 'access' to my account so that they can 'go in' monthly and 'take' their owed payment; I avoid this type of transaction method (if & when possible) to keep better control of my pay-to accounts. Instead, I instruct my bank to transfer the necessary funds myself according to the monthly amount incurred in an effort to prevent unauthorized fund access.
I actually had my health care provider (an account which I am required to allow 'access') remove $10 USD from my account in what seemed to be a test of their account access. I had not been to the doctor in more than a year at the time I noticed this withdrawal so I couldn't associate the payment with any obvious service. I've still not figured that one out
I think I'm missing the defined difference between 'digital currency' and 'online banking'.
IMO digital currency is bitcoin & the like, whereas online banking is paying bills from your living room, on your computer, without a bank teller's involvement.
I've never ventured into digital currency (yet) but I do a lot of online banking. Additionally, it seems that every online-capable account tries to eliminate paper statements ('paperless billing') as a cost-saving measure. Unfortunately I see a total transition to paperless billing as a way to lose the ability to maintain accurate financial records.
Finally, I notice that some of my online payment accounts want 'access' to my account so that they can 'go in' monthly and 'take' their owed payment; I avoid this type of transaction method (if & when possible) to keep better control of my pay-to accounts. Instead, I instruct my bank to transfer the necessary funds myself according to the monthly amount incurred in an effort to prevent unauthorized fund access.
I actually had my health care provider (an account which I am required to allow 'access') remove $10 USD from my account in what seemed to be a test of their account access. I had not been to the doctor in more than a year at the time I noticed this withdrawal so I couldn't associate the payment with any obvious service. I've still not figured that one out