A major Australian bank will stop its customers from withdrawing and depositing cash and checks from branches later this month.
Macquarie Bank will shift towards “completely digital” payments beginning in May, 7 News reports.
“From May 20, Macquarie customers will not be able to access over-the-counter services at Macquarie offices or order new chequebooks,” the outlet stated.
Starting this month, one of Australia’s largest banks will no longer allow customers to deposit or withdraw cash or checks. The bank is transitioning to digital payments predictably citing “convenience”.
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Do NOT not let this trend to take root in the US!
No cash options = CBDCs! pic.twitter.com/nIMoxkK1j1
— Jason Bassler (@JasonBassler1) May 9, 2024
“The bank first announced in September last year that it would phase out cash
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