Major bank to scrap cash and cheque services in all branches

Cash, cheque and phone payment services will all go in a move to modernise its offerings.

Payments will soon only be possible digitally, meaning all cash withdrawals will take place entirely at ATMs from November 2024.

Then in March 2024, it will no longer be possible to make payments over the phone, as the automated telephone banking service is shut down. Then, in November 2024, writing or depositing cheques, including bank cheques, will no longer be possible, nor will superannuation contributions or payments using cheques.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

7NewsSydney /  🏆 16. in AU

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon gains ground on supermarket giants thanks to cash crunchThe cost-of-living crisis is hitting Australians hard, leading some to think about dropping their traditional allegiance to Coles and Woolworths.
Read more »

Truck explosion closes major NSW highwayA truck driver has escaped major injury in an explosion that forced the closure of part of the main highway through the NSW Central Coast.
Read more »

Major delays on Sydney Harbour Bridge after crashLanes have re-opened after the three-car collision, but traffic remains heavy.
Read more »