It Begins: Australia’s Fifth-Largest Bank Announces Digital-Only Transactions – Will Phase Out Cash, Cheque, and Phone Payments in All 80 Branches Starting Next Year
(www.thegatewaypundit.com)
CURRENCY COLLAPSE! 🇦🇺
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You could use your bank card to buy whatever it is of physical value, provided the place you wanted to buy it from accepted non-cash payments.
I think you're overthinking this a bit. It's no different than how you use banks when you use your debit card. You're simply not using checks or cash.
And if you absolutely needed to use cash, I suppose you could just transfer your money from this bank to another bank where you have an account that does give you cash, or use any ATM that accepts that bank's card. You'll just have to pay a transaction fee.
And I really don't understand your comments about items in safe deposit boxes. Do you think Macquarie is going to be confiscating items from safety deposit boxes you have and just add their value to your account with them? I'm not sure Macquarie even offers their customers safety deposit boxes. They're not commercial banks, from what I understand.
Why would they put a limit on what you can spend?
You do realize that almost 99% of the banking in the US (and likely all of Western society) is digital banking already, right? Very little banking is done with physical checks and cash.
That's really the only thing changing here. Physical checks and cash. They're not messing about with safe deposit boxes.
You can go straight to the source to look for whatever changes they're going to make in regards to fees or limits or such. I really don't have the time to research it for you. I'm not being rude, just truthful.
Appreciate your take on this topic and I'm not arguing any points or interpreting your comments as rude in any way. Helpful if anything. I'm just trying to wrap my brain around this as cash and checks still very much exists in my world for payments to and fro. I've been locked out of too many things digital to fully trust it. I'll continue to research this independently for sure. Thx again for your insight!
No problem. It's smart to wonder what else they'll be doing.