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$160 cost-of-living cash boost hits Aussie bank accounts this week

More than 307,000 Aussies in this state will receive a cost-of-living payment in their bank accounts. Here’s who is eligible.

NAB boss’s major bank branch call as cash use drops: ‘Challenge’

NAB CEO Andrew Irvine has committed to keeping branches open but admitted there is a major "challenge". NAB CEO Andrew Irvine said he plans to keep the major bank's branches open and is working to ensure cash continues flowing.NAB’s new boss said he’s committed to keeping the major bank’s branches open and ensuring cash continues to flow through Australia.More people are banking and transacting digitally, sparking concerns more bank branches will close their doors and it will become harder to access physical cash.Irvine, who is also the chair of the Australian Banking Association, said he was working with Armguard to ensure cash continued flowing through Australia.

Commonwealth Bank $3 cash withdrawal fee ‘a kick in the guts’, assistant treasurer says | Commonwealth Bank | The Guardian

Company unable to quantify how many customers affected by having their account changed to a ‘smart access’ transaction account CBA said in a statement on Tuesday affected customers could still access free cash withdrawals from its ATM network, while some, including those aged under 18, would also qualify for a fee waiver via the new product.The Commonwealth Bank of Australia will introduce a $3 cash withdrawal fee for customers with ‘complete access’ accounts.CBA is enjoying a period of prosperity, with its share price trading near record highs, up more than 50% over the past 12 months. It recently posted an elevated $9.8bn full-year cash profit.While the government did not articulate if it could make CBA change its plans, the UK uses a new legislative instrument to ensure nearly everyone in Britain has close access to fee-free cash withdrawals.

Post Office IT system still causing cash shortfalls

Survey finds some sub-postmasters are using their branch money to plug gaps as the scandal inquiry restarts.

Money-Market Assets Rise to New Record With System Awash in Cash - Bloomberg

Money-market fund assets rose to a fresh record thanks to further flight-to-quality flows after a global selloff in risk assets last week sent investors flying into cash.

Commonwealth Bank glitch sparks major cash question: 'We can't trust them'

Customers are calling for compensation and promise to use cash more after their accounts were drained. Angry Aussies are committing to using cash more often after a Commonwealth Bank (CBA) glitch saw their accounts hit with duplicate transactions.The incident has also seen many people promise to use and depend on cash more often to avoid being caught out again.This is clear evidence that we cannot be a cashless society," wrote one concerned CBA customer.A third added: "Time to go back to using cash.

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Cashing a Check Without a Bank Account: Your Options

Lacking a bank account doesn't mean you're out of options for cashing a check. Explore alternative methods to access your funds, from check-cashing services to retail outlets. Regions Bank: Regions Bank has a check-cashing service that doesn't require an account with the bank. If you're cashing a Regions check, the fee will vary from $0 to $20, excluding two-party checks. If you're cashing a payroll or government check, you'll pay 1.5% of the check amount.When you visit a branch location to cash a check, you may need to bring an ID to verify your identity.Many brick-and-mortar banks will still allow you to cash a check even if you don't bank with them.Grocery stores and big-box retailers may also offer check-cashing services, for a fee.

Millions lose access to cash after bank move

The big four banks have rolled out a controversial change to the way Australians can access their hard-earned cash. Combined, the number of bank-owned branches and bank-owned ATMs has halved in seven years from 19,508 to 8,836 as at 30 June 2024, meaning Australia’s banks have dismantled half of their cash distribution network.While Aussies’ ability to access cash is falling, figures from the Reserve Bank of Australia (RBA) show the number of withdrawals from ATMs in Australia jumped 2.7 per cent from roughly 28.7m in July to 29.4m in August.Australia’s access to cash is under threat as the number of ATM and bank branches has been cut in half in just seven years.Thousands of ATMs and local bank branches are being removed across the country even as the number of Aussies using cash rises sharply.

China Central Bank PBOC Cuts One-Year Rate, Withdraws Cash From Banking System - Bloomberg

China’s central bank lowered the interest rate charged on its one-year policy loans while withdrawing liquidity via the lending facility, as the monetary authority shifts toward a short-term tool in an overhaul of its policy framework.