Major Aussie bank scraps one key cash service

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Major Aussie bank scraps one key cash service
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.ANZ_AU has canned over-the-counter cash transactions in some branch locations, in a move towards a cashless society. 7NEWS

ANZ said it decided to scrap in-branch transactions as demand hadLooking for a new job or job candidate? Post jobs and search for local talent onThe “small number” of affected branch locations, which were not disclosed, have smart ATMs where such transactions can be performed, ANZ told 7NEWS.com.au.

But ANZ told 7NEWS.com.au: “We have staff on hand to help customers who might be using for the first time.” Scrapping in-branch transactions is not new, and comes as 30 per cent of bank branches across the nation’s major capital cities have closed down all together — dropping from 3,335 in 2017 to 2,332 in 2022, according to Australian Prudential Regulation Authority .

Many rural Australians are making treacherous trips through winding mountain ranges to get to the nearest bank, taking days off work to manage their finances, and live in fear of being left behind if they cannot access cash.

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