Cash Out Day Australia. Rolls Australian Cash Image & Photo (Free Trial) Bigstock "Bank branch or ATM, get it out, use it don't lose it," it said. Australian activists organized a protest on April 2, 2024, to withdraw cash from ATMs called "Draw out some cash day." This is part of an effort to protest Australia's trend towards shifting to digital cashless payments, according to a report by 9 News.
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Dubbed "Draw Out Some Cash Day", demonstrators intend to take out sums of $20 or more on Tuesday with the hope of pouring cash back into businesses. Future of cash in Australia is in Armaguard's hands
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"Cash out tomorrow June 14th," pro-cash Facebook group Cash Is King Australia said in a recent. A report released by the RBA in 2023 found that 72 per cent of Aussies classified themselves as low cash users. A social media post urged individuals to withdraw a minimum a $20 and force banks to refill ATMs with cash.
The Editorial Team — Australia’s leading news site. Australia has overtaken the likes of the UK, the US, France and Germany to become one of the world's biggest users of cashless payments, with around 98.9 per cent of all bank. "Bank branch or ATM, get it out, use it don't lose it," it said.
Report shows sharp jump in wealth inequality in Australia over last 20 years. Cash now forms just 13 per cent of all total customer payments in Australia Draw Out Some Cash Day was meant to show financial institutions that Aussies still use and need physical money as well as a place to withdraw and deposit it.