Macquarie Bank to phase out cash and cheque services by 2024 for a fully digital banking platform.
Macquarie Bank, an Australian Stock Exchange-listed investment bank, is phasing out cash and cheque services by 2024 as part of its transition to a fully digital banking platform. The bank will remove cash and cheque facilities in a phased approach, starting from late May. This move has raised concerns about financial privacy and accessibility during emergencies, as society moves towards a cashless future.
May 02, 2024
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