Banks and Building Societies

Yes but I get cash everyday in drop money and tips so I'm not without cash for longer than a day. I bank the cash once a week when I get a day off by which time the coins are too many to fit into my wallet coin pouch.

Recently, I've not needed to buy anything from the CC site shop but I have used the shop to buy things like a new tv aerial and just kept enough cash aside to pay for it because like you say, the warden doesn't accept card payments for shop items on sale.

I have online access to my Cash ISA through internet banking.

I would get less points in Tesco for spending cash. If I use my Tesco debit card for shopping, fuel etc. I get double points. For this reason I pay the cash into my HSBC account and then use internet banking to pay money from my HSBC account to my Tesco bank account.

Also paying cash in, on top of my other money received, improves my account status. For certain types of account, such as the Advance account, they require that you pay in a certain amount of minimum payment each month to qualify. 

I find it's better to use interest free credit cards rather than loans and overdrafts. Loans will cost some interest although you can get cheaper interest loans depending on status. Overdrafts seem to me to be the most expensive way of borrowing money. Borrowing £3000 through a bank overdraft facility can cost as much as £36 per month. Why pay so much interest when you can borrow the same amount of money, free of interest costs, on a credit card?

The banks may well prefer you to use loans and overdrafts because they can make more money that way!

Yes, I have an HSBC account that requires a £1750 pay in each month, I just transfer it in from elsewhere and then move it out again, leaving enough to fund my monthly saver.

I am not sure what "account status" is, or how paying in cash improves it.  We have multiple accounts, at least 25 current accounts at the last count, all for various different  perks, such as interest, every little helps these days!   My company pension and our State pensions go into our main current account, while my Norwegian State pension comes via Nationwide, the other accounts are purely to earn what little interest the banks will part with.

I thought you would quote Tesco points as a reason for putting the cash through the bank, but do you actually get in enough cash for the value of your earned Tesco points to cover the cost of driving to the bank to pay it in,and driving round and round while your wife goes to do so?

Up till now, we have had 2 hours free parking locally, good for things like banking, going to the post office or the library, but now the council are trying to kill off the village  centres by introducing a minimum parking charge of £1.

 Fortunately the Tesco, Waitrose and M&S car parks in one village are owned by the stores and are still free, so we will just combine banking with shopping there, the other village centre seems to me to be doomed.  High parking charges are also killing Glasgow city centre.

My Tesco Clubcard points add up to an extra £40 in vouchers each quarter which seems to be a worthwhile amount to accumulate.

By account status, I mean the facilities the bank are prepared to offer you depending on how much money is received into your account each month. In your example, £1750 per month is required to achieve the necessary account status for an HSBC Advance Current Account. A lower amount than this would cause the account to revert to an ordinary current account with less perks!

What is the interest rate on your ISA?  You may well be able to get more interest having your money in an interest bearing current account.

Nationwide have one that pays 5% on £2500 for a year, TSB are now paying 5% on up to £1500 per person, and you can also have a joint account.  Your Tesco current account should be paying you 3%.  Even Lloyds and Halifax/BOS and Santander are paying 1.5%.

Most of these accounts also do monthly savers that pay a higher rate of interest.

You will still earn some points whether you use cash or whatever to pay with.  What you  need to look at is just at how many more points you are earning by depositing this cash in the bank in order to spend it, and compare that with what it costs you to do so.

Is the £40 the face value of the vouchers,or what you can exchange them for using the Club Card Boost?

0.55% AER on the HSBC Cash Isa with a subscription limit of £20,000 per annum.

Face value plus I got coupons last quarter that earned me 200 extra points in addition to a double points coupon that doubled the points on the overall total bill which came to £84 earning 168 points plus double points by paying using Tesco debit card!

Last year, I used my quarters vouchers to pay for a IOW return ferry crossing because it boosted to 3 times the face value of the vouchers.