Deadline Looms as Major Bank Gears up for Cashless Transition

The investment bank is phasing out all cash and cheque services in 2024.
Deadline Looms as Major Bank Gears up for Cashless Transition
Australian banknotes taken in Melbourne, Australia on Oct. 12, 2020. William West/AFP via Getty Images
Monica O’Shea
Updated:

Australian Stock Exchange-listed investment bank Macquarie will discontinue over-the-counter cash and cheque services at offices starting in late May.

This decision is part of Macquarie’s broader transition to a fully digital banking platform, phasing out cash and cheque services across all banking and wealth management products, including super and pension accounts in 2024.

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]
Related Topics