Improving Cashpoints

 

Now that many of us have on-line bank accounts, it would be very easy for us to set a profile on line, that limited where and how much money we can withdraw.

For instance we might set that the maximum withdrawal on our account is perhaps £200 a month. After that withdrawals are refused. Or you might allow an emergency £10.

Processes such as this would mean that the maximum our account could lose if it was compromised by any method of skimming would be very much reduced.

Perhaps though this would help us to budget better and the banks wouldn't like this as they make too much money from overdrafts.