Cashless banks a growing problem

Many have wondered if the banks are trying to go cashless.

A major Australian bank has canned over-the-counter cash transactions in some branch locations, in a move towards a cashless society.

ANZ said it decided to scrap in-branch transactions as demand had halved in the past four years.

Now I know why my usual ATMs and local branch are gone – the demand for cash obviously is now redundant.

Except that i need cash every day.

Myself and others now have to drive to other locations for an ATM or branch.

The poor old retailer is now copping Tap and Go fees as the banks now pass costs on to everyone but themselves.

My local Woolworths store is now my cash outlet; these stores are now banking outlets.

The Flying Fickle Finger of Fate award from Laugh In back in ’68 to ’73 offered this trophy to dubious celebrities.

I suggest we now give it to the major banks.

But they deserve worse, as the Com Bank only made $5.15B last year – the poor buggers.

Email, Apr 12
John Strang, Woy Woy

1 Comment on "Cashless banks a growing problem"

  1. Lee Wright | April 17, 2023 at 1:30 pm |

    Yes its everywhere not only on the Central Coast
    and Yes we will end up soon being a Cashless Society which is a good thing

Comments are closed.