Major Bank To End Cash And Check Services In 2024

  • Macquarie Bank, Australia’s fifth-largest bank and a global investment group, has revealed plans to discontinue cash and check transactions at its branches by the end of 2024. The bank is also set to terminate phone payment services.
  • While cash will remain accessible through ATMs for the immediate future, the bank intends to gradually phase out cash and check services across all its banking and wealth management products.
  • This change will include pension and super accounts, between January and November 2024, as stated in a bank announcement.
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