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Australians Withdrew More Than $9 Billion in Cash in January

Despite this, bank branches in Australia declined 41 percent between 2017 and 2024.
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Australians Withdrew More Than $9 Billion in Cash in January
Australian cash. Susan Mortimer/The Epoch Times
Monica O’Shea
Updated:

Cash withdrawals in Australia rose to more than $9 billion (US$5.7 billion) in January this year, according to new statistics released by the Reserve Bank of Australia (RBA).

This is slightly up from $8.92 billion in January 2024 and significantly higher than during COVID-19, when cash withdrawals fell to a low of $6.3 billion in April 2020.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]