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Macquarie Bank in Australia has stopped providing cash and cheque services to customers

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2024-05-09 16:27:16
Macquarie Bank in Australia has stopped offering cash and cheque services to customers, and from later this month customers will no longer be able to deposit or withdraw money using cash or cheques at bank offices. In addition, the bank also announced that it has discontinued automated phone banking services, suspending the possibility of phone payments. Macquarie said on its online portal that it is committed to "the transition to fully digital payments and continues to ensure that our customers have access to safe and secure digital payment options".
The bank also claims that "digital banking is a safe, faster and more convenient way to transact because you can view and track transactions and other account activity in real time". However, Macquarie customers can still withdraw cash at ATMs.