A digital wallet

A cheque

A credit card

Cash

A debit card

An electronic device that stores all your payment details in one location.

A plastic card, linked to a bank account, that enables instant electronic payment.

A paper-based form of payment that has to be processed by the Bank before money is transferred from one account to another.

Notes and coins that represent different values of money and enable transactions to be made immediately.

An electronic device that stores all your payment details in one location.

A plastic card, linked to a bank account, that enables instant electronic payment.

A paper-based form of payment that has to be processed by the Bank before money is transferred from one account to another.

Notes and coins that represent different values of money and enable transactions to be made immediately.

A plastic card that enables instant electronic payment. Money is borrowed from the Bank and is paid back later with interest.

An electronic device that stores all your payment details in one location.

A plastic card, linked to a bank account, that enables instant electronic payment.

A paper-based form of payment that has to be processed by the Bank before money is transferred from one account to another.

A plastic card that enables instant electronic payment. Money is borrowed from the Bank and is paid back later with interest.

An electronic device that stores all your payment details in one location.

A plastic card, linked to a bank account, that enables instant electronic payment.

A paper-based form of payment that has to be processed by the Bank before money is transferred from one account to another.

A plastic card that enables instant electronic payment. Money is borrowed from the Bank and is paid back later with interest.

An electronic device that stores all your payment details in one location.

A plastic card, linked to a bank account, that enables instant electronic payment.

A paper-based form of payment that has to be processed by the Bank before money is transferred from one account to another.

Bank of Scotland

Bank of England

Bank of Ireland

Royal Bank of Scotland

Clydesdale Bank

Bank of Scotland

Bank of England

Bank of Ireland

Royal Bank of Scotland

Clydesdale Bank

It takes about three days to come out of your bank account.

There are no charges for using cash to pay for goods and services.

If it's stolen, the Bank will stop it from being used again once the theft is reported.

If used to pay for travel/holiday it gives automatic accident insurance.

There are no charges for using cash to pay for things.

It's easy to get hold of.

It's easy to lose or steal.

You know how much you have handed over to the shopkeeper.

You can write in the exact amount to be paid.

Not all shops/businesses accept cheques.

The cheque can 'bounce', ie the payment is refused by the Bank, if there's not enough money in your account.

You have to remember your PIN number.

It can be heavy to carry.

If you don't have enough money in your bank account, you can pay the amount back to the Bank later.

It is very convenient for online shopping.

Not all shops/businesses accept cheques.

You can have a high credit limit on it.

You cannot spend money that isn't available in your account.

It can't be used for online shopping transactions.

It enables you to organise different information eg IDs, reward cards and receipts.

Interest rates are high if you don't pay off all that you owe in the correct time.

It can be heavy to carry.

It's easy to lose track of your spending and run up big debts.

Not all businesses have a card machine that can be used.

It's easy to lose track of spending and build up big debts.

Money comes out of your account immediately.

It can be used to pay for goods/services that you don't have the money for at the time. You can pay for what you 'borrowed' later.

It can be awkward to carry.

There's a penalty charge if you forget, or are late, to make a monthly payment.

If used to pay for travel/holidays, it gives automatic accident insurance.

Money comes out of your account immediately.

It can be used abroad to buy goods/services.

Interest rates are high if you don't pay off all that you owe in the correct time.

It may not be accepted or compatible everywhere.

It enables you to organise different information eg IDs, reward cards and receipts.

It's easy to lose track of your spending as you're not physically handling cash.

It's convenient as you most likely carry the device (eg smartphone) anyway.

There are numerous IDs and passwords that improve security.

It helps to keep things organised, such as ID, debit and credit cards, loyalty and reward cards etc.

It may not be accepted or compatible everywhere.

A digital wallet

A cheque

A debit card

Cash

A credit card

Cheque

Cash

Debit card

Credit card

When buying a Mars Bar and a can of Coke.

If you don't have a credit card and won't have enough money in your bank account until the following day but need to pay an expensive car repair bill.

When making an online payment for a new pair of trainers.

When getting a hot drink from a vending machine.

Paying an expensive car repair bill even though you won't have enough money in your account until pay day in a week's time.

Buying a new car.

When getting a hot drink from a coin only vending machine.

When making an online payment for a new pair of trainers.

When getting a hot drink from a vending machine.

When donating money to a charity when the collector is using a charity bucket for coins and notes.

When buying a Mars Bar and a can of Irn Bru.

When paying for an expensive foreign holiday and flights.

When getting a hot drink from a coin only vending machine.

When buying a new television set in a shop that doesn't have a 'cordless' facility.

When donating money to a charity when the collector is using a charity bucket for coins and notes.

When paying for your weekly shopping in the supermarket. The checkout desk has a 'contactless' reader.