These people absolutely cannot live without cash

According to De Nederlandsche Bank, the disappearance of cash and the closure of more and more bank branches and ATMs is problematic for some vulnerable groups. The bank therefore wants fixed agreements to be made regarding the continued existence of the cash.

De Nederlandsche Bank emphasizes the importance of cash. “At the moment, 20 percent of payments are in cash,” DNB board member Olaf Sleijpen told RTL Z earlier this week. Ten years ago, it was still 60 percent.

Keep track of your budget

“At the same time, we see a group of people who want to continue paying with cash. Sometimes older people. But also people with a small wallet who can better keep track of their budget with cash.”

We spoke to four people for whom cash is essential. 84-year-old Toon Verboon can’t imagine not having cash in his wallet anymore. “What do I have in my pocket at the moment? 35 euros. I have difficulty walking, so my daughter often has to do the shopping for me. Then I give her some money.”

“I belong to the generation that still pays with cash,” explains Verboon. “My father used to have 600 guilders in his pocket. Standard. He was an entrepreneur and had a nursery. My mother couldn’t do that before, but he kept at it.”

‘Many bank buildings have disappeared’

“Although I can pin and I also think it’s good to hear all these developments. I also pin regularly but I had the note with my codes in my wallet. My daughter didn’t think it was a good idea.” He thinks it’s a shame that so many ATMs have disappeared these days. “There used to be something like this around the corner from me and you had fresh money in no time. It’s a shame so many bank buildings have disappeared.”

Cash is also essential for Cecil Wissink. “I withdraw 200 euros every Monday. I force myself to get by on the money, I have to.” The single mother says that she used to be bad with money. “I did everything for my children and bought way too much for them. At one point I was 17,000 euros in debt and ended up in debt counseling in 2010.”

“Every Monday afternoon I got 80 euros deposited into my account, I had to do everything that week. For four years.” It was a difficult period, says Wissink. “But I learned how to manage money. I had to. There were weeks when I would knock on my father’s door and ask if I could come and have dinner with him. Then I could save some money again.”

‘You lose track’

“If you pin a lot, you lose track and you spend money faster.” That’s where it went wrong for her, says Wissink. “I am now debt-free and have learned a lot from that time in debt. I always want to pay everything in cash. I now withdraw 200 euros every Monday. I force myself to get by on the money, I have to.”

She notes that everything is getting more expensive. “Sometimes I go to the market and you save 3 euros again. That’s money again, isn’t it. My advice to my children and friends is also to pay as much as possible with cash. Then you keep track. One more tip : if you go shopping, look on the lower shelves. Those things are cheaper.”

Less cash at home

Window cleaner André also notices that fewer and fewer customers have cash at home. “Most window cleaners don’t have an ATM, neither do I.” André has worked as a window cleaner for forty years. “I have my own company. I work for cleaning companies and private individuals. The work for cleaning companies takes place via invoices, but private individuals pay in cash.”

But private individuals are less and less likely to have cash on hand. “They then ask if they can pay at a later time or go to the stick. It always works, I trust my customers.”

André says that he also pays almost everything privately with cash. “I pin once a week and then I pay for my whole week. Then you see what you spend and when it’s gone, it’s gone. The big advantage: you can’t spend more than you have.”

“The advantage of cash is that you don’t have to give everything up to the tax authorities, and you can have something left over. Of course, we all do that sometimes, especially in these difficult times. In the end, it’s also better for the economy, because I I also use the money I have left over.’

‘They live on cash’

Although the majority of payment traffic now goes via payment card, there are also people in the Netherlands who do not have a current account. Hans van Dalfsen says on behalf of the Dutch street vendors that many of them do not have a bank account. “So they live off their cash. They simply don’t have more than that.”

A newspaper from the street vendors costs 2.50 euros, says Van Dalfsen. “People often pay in cash and especially older people like to buy a newspaper.”

He says that all 150 Amsterdam street vendors now have a QR code so that people can also transfer money digitally. “As street newspaper vendors, we keep up with the times, but it’s not that easy. The street newspaper vendors elsewhere in our country – we have a total of five hundred vendors – do not yet have a QR code. bills and coins.”

Pay for childcare

Cash is therefore extremely important to street newspaper vendors. “If only because they have to pay for the shelter where they sleep that night. It’s often a few euros, but they have to be able to pay that in cash. And they also have to buy food during the day, cash is extremely important for that .”

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