🇦🇺 Australian bank ANZ not letting people withdraw their money? This claim is misleading ⚠️ a spokesman for the bank said withdrawals can still be done through ATMs for branches that no longer handle cash at the counter
Responding to the posts, a spokesman for ANZ told AFP on April 4 there would be"a small number of branches where we no longer handle cash at a counter".
"At these branches, cash and cheque deposits and cash withdrawals can continue to be made by using our Smart ATM and coin deposit machines," he added without indicating which ANZ branches will cease to handle over-the-counter cash withdrawals.The ANZ spokesman said the bank has seen a 50 per cent decline in in-branch transactions over the past four years, while only eight percent of its customers solely rely on branches for their everyday banking needs.
"As fewer people use cash, it becomes even more expensive for the bank per dollar of cash because of the fixed costs of cash handling," he said.told AFP on April 4 that ANZ's move does not signal an end of cash in Australia.An annual survey in March 2023 shows that cash was used by 25 percent of respondents in their most recent in-person transaction in 2022.
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