Banks and supermarkets must support cash - September 18, 2023

Banks and supermarkets must support cash

Monday, September 18, 2023

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Company: ATM Industry Association

Big banks, including Macquarie, Westpac, NAB, CBA and ANZ, as well as Woolworths and Coles continue to limit access to cash, leaving vulnerable Australians stranded.

Meanwhile Australians are not using less cash but being forced to work harder to access cash.

Macquarie Bank has announced the phasing out of all cash services in branches.

Woolworths has announced harsh new limitations on cash-out services.

The number of ATMs in Australia has dropped below 25,000 for the first time since 2006. 

Meanwhile Australians continue to withdraw cash and continue to support the right to choose cash as a way to pay. The RBA reports that monthly ATM cash withdrawals remain between 29 and 30 million per month, not declining rapidly.

“Millions of Australians trust and rely on cash everyday,” said Jason Bryce, spokesperson for the Cash Welcome campaign.

“Now Aussies face more restrictions on accessing cash and new limitations on where they can use cash – our legal tender.

“All Australians need to be able get cash and use cash to buy their food and essential groceries, when they choose.

“Banks and supermarkets enjoy a central place in our economy and the high profits that go with that. They have a clear responsibility to ensure everyone can buy their food using cash.

“Some Australians rely on cash, understand cash and budget with cash.

“The cashless agenda of banks and supermarkets is cruelly leaving many Australians out. People in rural and regional communities are particularly impacted.

Mr Bryce has started a petition asking for a ‘banking and cash guarantee’ in Australia that has attracted 125,000 signatures and growing.

CashWelcome.ORG is a campaign supported by donations from the public and industry. We work in co-operation with the ATM Industry Association.


More comments and information:

Jason Bryce, Cash Welcome 0428 777 727 [email protected]

Sandra Smith, ATM Industry Association [email protected]    0424 300 660

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