Tuesday 8th August 2023:
The number of ATM cash withdrawals continues to rise in Australia, despite contracting bank branch and ATM networks and never-ending predictions of an impending cashless society.
There were 29,677,600 ATM cash withdrawals made in Australia in June, the RBA reported today.
That's up 1.6 per cent from May's 29,212,500 withdrawals.
"Australians are voting against the cashless society with their wallets and keeping their physical wallets," said financial journalist Jason Bryce who started a petition asking for a guaranteed right to cash.
"Access to cash is now a serious issue. Anyone can be left stranded by internet outages, online hackers, system problems, flat batteries, lost phones.
"Australians need the right to choose how we pay for food and essentials mandated by law. Our right to access cash and banking services in our local communities is important to economic inclusion," said Jason Bryce.
"Cash is national economic infrastructure. Going cashless is privatising our money so of course there are fees," said Jason Bryce.
"The average household is probably paying about $1500 per year in card surcharges if they are tapping their phone to pay for everything."