Hi Cash Lovers, 

Big banks continue to make cash access harder despite a new report finding that they can easily afford the cost of keeping their branches open.

New analysis from S&P Global Ratings, reported by BankingDay.com finds Australian banks have "ample" financial capability to pay for bank branches.

S&P also says banks will not be able to 'simply walk away from cash.' "We believe major bank ratings have ample headroom in their credit ratings to absorb the costs of unprofitable branches," S&P observed.

Banks have complained loudly in recent years about the cost of maintaining branches and cash distribution services. ANZ Bank is leading the charge by the banks towards abolishing cash services completely.

Commonwealth Bank (and the other three big banks) GAVE UP $503 million in ATM fee revenue in 2017 from 251,651,300 ATM cash withdrawals made by 'foreign' customers. 

Australia's big banks have now agreed to a temporary moratorium on branch closures but have already dismantled most of Australia's bank and cash networks.

ANZ Bank is "just a handful of branches away from the majority of its banks in the most populated areas of Australia being cashless" reports The Regional.

ANZ has stripped cash services from 43 out of 76 sites in Melbourne and Geelong.

"This fundamental change to Australia’s fourth largest bank’s business model has occurred quietly over the past two years, with ANZ rolling out the branch-to-office conversions on a site-by-site basis." said The Regional.

Please help stop the banks forcing us to go cashless.

Share our petition with your family and friends:

https://www.change.org/BankingAndCashGuarantee

Our Cash Welcome campaign provides a voice for all of us who trust and rely on cash.

I get donations from people and businesses to my gofundme account to help keep this backlash against their cashless agenda alive.

Or make a deposit at Commonwealth Bank

Cash Welcome
BSB 062-692
AC 4954 6502

Check out my:

Cash Welcome website

Cash Welcome Facebook page

Cash Welcome Instagram

Cash Welcome TikTok

Yours sincerely,

Jason Bryce
jason@cashwelcome.org