Quote:
Originally Posted by Startrek
Leon
Don’t t be in a hurry to pull your money out of the bank yet
I’d recommend to leave it there for the moment , it’s safer there than having cash lying around the house or buried in a hole
Quick story , 35 years ago my uncle passed away and left a note in his will which read “ $7,000 cash buried in a plywood box under house near side trap door”
So my relatives found the box 2 foot underground after some frantic digging around
In the half rotted box was the $7000 cash rolled in about 15 old rusty benson and hedges tin cigarette flip trays
When opened the notes had rotted and perished beyond recognition due to moisture , mould and lots of insects , ants you name it
My Uncle hated banks !!
Unfortunately $7000 down the gurgler ( and that’s $7K back in the early 80’s )
Moral to the story “Don’t bury your money or it will bite everyone in the bum later”
Cheers
Martin
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Martin, today's plastic money is pretty much safe in the conditions you site. I think we have all seen enough movies to know that you put the cash in zip lock bags as well.
On the banks, retail baking deposits are actually protected by the federal government, up to an obsence limit. So the big banks are a safe place to keep your money, But if Centrelink is paying you any sort of part pension, they will have all the details available to them, as well as your Super accounts.
One big downside of cash, in represent environment, is that the Corona Virus can live for awhile on cash, hence the various mandates for using tap and go eftpos. However, if you do have a stack of our plastic money it is pretty easy to wash it clean. A new slant on money laundering, you can wash plastic money in the kitchen sink, with any anti-bacterial dish soap, and it should be fine. I can hear you all laughing but it works and does not harm the cash, use a soft sponge, not any scouring pad of course. But for God's sake don't use the dishwasher, or put them in the dryer! Blotting with paper towels works, or even hanging them up by clothes pegs on an indoor drying rack. Just don't try it with old paper money.
