It Begins: Australia’s Fifth-Largest
Bank Announces Digital-Only Transactions
– Will Phase Out Cash, Cheque, and Phone
Payments in All 80 Branches Starting Next Year
Gateway Pundit,
by
Jim Hoft
Original Article
Posted By: Mercedes44,
9/18/2023 9:45:59 PM
Australia’s fifth-largest bank, Macquarie Bank, has announced its transition to digital-only transactions. Starting from January 2024, the bank will begin phasing out all cash, cheque, and phone payment services in its 80 branches. By November 2024, all in-branch cash transactions will be completely discontinued.
“Between January 2024 and November 2024, we’ll be phasing out our cash and cheque services across all Macquarie banking and wealth management products, including pension and super accounts,” the bank said in a statement.
Reply 1 - Posted by:
Catherine 9/18/2023 9:59:25 PM (No. 1558903)
Good. Let them be the test case. It will not work. I don't know the number of people Australia has, but we have over 300 million. Not a computer in the world that can successfully handle that many transactions for that many people and do it without a problem.
33 people like this.
Reply 2 - Posted by:
hershey 9/18/2023 10:06:27 PM (No. 1558910)
Dunno how much effect it will have...they are the FIFTH largest bank and the total pop of Australia is 26 million...but, that being said, it is a test case...think we aren't in the End TImes yet?
48 people like this.
Reply 3 - Posted by:
VAPMAN 9/18/2023 10:18:03 PM (No. 1558918)
The quickest solution would be for account holders to pull their real money out of that bank as soon as possible.
91 people like this.
Reply 4 - Posted by:
Rumblehog 9/18/2023 10:54:33 PM (No. 1558925)
Welcome to the land that brought us "Mad Max" movies... now you see why.
35 people like this.
Reply 5 - Posted by:
Catfur27 9/18/2023 11:03:11 PM (No. 1558928)
...tough to shake that "criminal dna"
20 people like this.
Reply 6 - Posted by:
BeatleJeff 9/18/2023 11:10:12 PM (No. 1558934)
Let the bank run begin!
43 people like this.
Reply 7 - Posted by:
Timber Queen 9/18/2023 11:35:49 PM (No. 1558943)
#3 & 6 - My first thought, also. Withdraw all your funds, close your accounts. We don't need no stinkin' banks! Going cash only would be an inconvenience, but hey, if the illegals can do it - we can do it!
49 people like this.
Reply 8 - Posted by:
DVC 9/18/2023 11:37:19 PM (No. 1558946)
So, you get a new bank.
28 people like this.
Reply 9 - Posted by:
PrayerWarrior 9/19/2023 12:07:16 AM (No. 1558956)
This sounds like the Book of Revelation where you can't buy or sell without the Mark of the Beast, 666. No cash, only digital transactions that can be traced by the State.
44 people like this.
Reply 10 - Posted by:
Dodge Boy 9/19/2023 12:15:23 AM (No. 1558961)
I'd close my accounts there and go somewhere else. If there is a somewhere else, that is.
35 people like this.
Reply 11 - Posted by:
jayjeti 9/19/2023 12:39:37 AM (No. 1558970)
it's just one precursor to many that will eventually lead to people not being able to buy or sell unless they have something in their right hand or forehead. The chip technology is already here. When will it all finally come?
20 people like this.
Reply 12 - Posted by:
mifla 9/19/2023 4:23:14 AM (No. 1559005)
And what of customers who don't own a laptop or smart phone?
What if a company or person owes me money and insists paying by check?
In a related story, identity thieves approve of this move.
27 people like this.
Reply 13 - Posted by:
chumley 9/19/2023 4:48:09 AM (No. 1559010)
Its sad. Australia used to be a scrappy nation of misfits; a lot like us. They were fiercely independent and didnt take any carp. Then one day their government got out of control and made everyone turn in their guns. Since then they have been a nation of Euroslaves. Their behavior during the mask/shot scam was reprehensible and the stuff of tyrants.
49 people like this.
Reply 14 - Posted by:
franq 9/19/2023 5:57:51 AM (No. 1559017)
I said do you speaka my language?
He just smiled and gave me a vegemite sandwich.
16 people like this.
I kind of like it!!?? Here is my convoluted reasoning; Take your mortgage payment and continue to pay by check, tell them that you do not have access to a CPU and you just love it that they will NOT be cashing your mortgage checks, and see what will happen next. You'll be going to court and just maybe you are friendly with the corrupt judge and he will rule in your favor, so the bank will go back to accepting your paper check.
What else can they do? They can't force you to change your part in the mortgage agreement, and they can't just let you keep sending them, checks that they will not cash leading to a very interesting development.
13 people like this.
Reply 16 - Posted by:
privateer 9/19/2023 6:14:06 AM (No. 1559020)
Let's say you close your account, withdrawing it all in cash. OK, now, with the stroke of a pen, the Tyrant Vegetable decrees that Paper Money is NO longer legal tender. You have converted your life savings to worthless paper. OR...leave it all in the bank, and let some hacker drain your account.
17 people like this.
Reply 17 - Posted by:
tootall 9/19/2023 6:36:03 AM (No. 1559024)
I will never do this voluntarily. We shall see what happens
17 people like this.
Reply 18 - Posted by:
Mizz Fixxit 9/19/2023 6:38:25 AM (No. 1559025)
Taco Bell and Taco John’s have announced a conversion to no cash sales. TJs set a target date of 2030. On a recent Gutfeld show when Greg was absent and Tyrus was guest host, the Taco Bell cash phase out was a topic. All of the panelists either cited the convenience of credit cards, or went off on a tangent. No one including libertarian Kat Timph cited the danger of a cashless society in terms of totalitarians spying on all purchases and compiling social credit scores.
23 people like this.
Reply 19 - Posted by:
udanja99 9/19/2023 7:09:10 AM (No. 1559033)
Here it comes - step out of line politically and your account gets shut down, your money frozen and unavailable to you. It’s all about control.
41 people like this.
Reply 20 - Posted by:
hoosierblue 9/19/2023 8:02:57 AM (No. 1559056)
Get woke , Go Broke.
12 people like this.
Reply 21 - Posted by:
Lawsy0 9/19/2023 8:12:26 AM (No. 1559057)
I am trying not to take this personally.
11 people like this.
Reply 22 - Posted by:
Strike3 9/19/2023 8:27:22 AM (No. 1559064)
Australia is begging for the formation of an underground economy. Nobody likes big banks now, wait until they move for greater control.
11 people like this.
Reply 23 - Posted by:
Trapper 9/19/2023 8:42:04 AM (No. 1559075)
What will they need 80 branches for if they won't process cash or checks? Free coffee stations?
16 people like this.
Reply 24 - Posted by:
planetgeo 9/19/2023 8:55:53 AM (No. 1559084)
Banks would LOVE this. It would eliminate 99% of their costs. And if you want to become a bank robber then, you'll either have to learn how to code or become a bank owner.
14 people like this.
Reply 25 - Posted by:
LC Chihuahua 9/19/2023 9:45:14 AM (No. 1559120)
Probably just as important: Who will be using this bank and why? Protect your savings folks. The world is run by thieves and tyrants.
13 people like this.
Reply 26 - Posted by:
snowoutlaw 9/19/2023 9:56:20 AM (No. 1559135)
Don't even try to buy something on the woke bad list like a gun or donate to a MAGA.
14 people like this.
Reply 27 - Posted by:
Dannee 9/19/2023 10:41:03 AM (No. 1559172)
How is this gonna work, I want to buy my neighbors used lawn mower for $500. Do I give him access to my account and then goes to the ATM to make the transfer?
And then, of course, the transaction is recorded and the government takes their cut of a private sale. Good bye your freedom and welcome to 1984.
9 people like this.
Reply 28 - Posted by:
Zigrid 9/19/2023 11:42:49 AM (No. 1559219)
I've been saying all along...it's time to minimize your allegiance to brick and mortar banks...I use only US cash to buy what I need...and don't use the bank card for purchases....I have no credit cards...and buy gift cards if I need to purchase anything on line...stay one step ahead of these crooks...fill your cupboards with goods to carry you through tough times....lots of pasta and ragu sauce...freezer full of chicken soup and home made chili.....I get eggs from a local farmer and plenty of chicken....my funds are safely tucked away...far from the over reach of the government...get ready folks...YOU are responsible for yourself....spoken as a survivor of WWII in Europe....
11 people like this.
Reply 29 - Posted by:
mc squared 9/19/2023 11:54:57 AM (No. 1559232)
It took 19 posts to see what's behind this: a Social Credit score, like China has. Moving your accounts won't help when they're all required to eliminate cash.
4 people like this.
Say hello to a new bartering economy.
6 people like this.
Reply 31 - Posted by:
moebellini3 9/19/2023 12:48:57 PM (No. 1559278)
Anybody with assets in that bank should immediately remove them. Think about it, today it takes a day or two to process a transaction. With digital transfers, if somebody hacks your account that money is gone immediately. It also means the government under any emergency declared, can take total control of your accounts. Total insanity.
7 people like this.
Reply 32 - Posted by:
garyhope 9/19/2023 1:13:38 PM (No. 1559299)
No guns.
No cash money.
Orwellian.
Australians are now just slaves and prisoners.
A once great, proud and strong people and nation gone to the commie dictators.
Goodbye Aussies,....it was nice to know you when you were stronger and no BS.
Now just wussy girly men and "subjects", not citizens.
When you gave up your guns,....you gave up your lives and your freedom.
Have a nice day.
5 people like this.
Reply 33 - Posted by:
DrOstrow 9/19/2023 8:56:11 PM (No. 1559595)
This has been a dream of our IRS for DECADES !! Imagine and 'paper' trail for EVERYTHING you
purchase AND for 'someone' to have the ability or TERMINATE your purchasing abilities
ANY TIME THEY WANT, for ANY reason and for ANY length of time and YOU have
N O recourse !!
Sounds Heavenly doesn't it.
This is COMPLETE CONTROL over EVERY THING YOU DO, EVERY DAY of your life !
Welcome to utopia !
1 person likes this.
Reply 34 - Posted by:
DrOstrow 9/19/2023 8:57:39 PM (No. 1559596)
Sorry
'.......Imagine A 'paper' trail for EVERYTHING ...............'
2 people like this.
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