The Australian Banking Association (ABA) said “Whilst Australians are using less and less cash, we are not going to be cashless,”
“Australians don’t need to change their behaviour when it comes to withdrawing cash, it will continue to be available … Read the rest
The RBA announced that the Australian Cash Rate would remain at 4.10% on 1 April 2025.
1 April 2025 Media Release.
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 … Read the rest
The RBA announced that the Australian Cash Rate would reduce to 4.10% on 19 February 2025.
18 February 2025 Media Release.
At its meeting today, the Reserve Bank Board decided to lower the cash rate target by 25 basis points to 4.10 per cent and the interest rate paid on … Read the rest
Central Bank Rates December 2024
Currency & Interest Rate
JPY 0.25%
CHF 1.00%
EUR 3.25%
CAD 3.25%
NZD 4.25%
AUD 4.35%
GBP 4.75%
USD 4.75%
Current at 21 December 2024.
It has just been announced that the Commonwealth Bank is to charge a $3 fee for their customers to withdraw their cash.
However, many people are getting the wrong information. It only applies if you go into the bank, and make a Staff Assisted Transaction.… Read the rest
It has just been announced that the Commonwealth Bank is to charge a $3 fee for their customers to withdraw their cash.
However, many people are getting the wrong information. It only applies if you go into the bank, and make a Staff Assisted Transaction.… Read the rest
The RBA announced that the Australian Cash Rate would remain at 4.35% on 5 November 2024.
5 November 2024 Media Release.
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at … Read the rest
It is reported that Australians are paying about $500 million a year on debit card surcharges.
The Albanese Government plans to ban these surcharges to save Australians from having to pay the fees that the retailers are charged.
Unless of course Albanese intends to … Read the rest
HSBC Bank is Stopping issuing New Cheque Books from April 2024.
The government has said that Australia will stop using cheques by 2030.
The Government’s Strategic Plan for Australia’s Payments System (the Strategic Plan) announced the Government’s intention to wind down the cheques system by no later than 2030, with … Read the rest
Cash Usage in Australia, 2007 to 2022.
The use of cash in Australia has dropped severely since 2007.
In Australia, cash made up around 70% of payments in 2007 but had dropped to only 13% by 2022.
The Commonwealth Bank, NAB and ANZ have stated … Read the rest
Beyond Bank is Stopping the use of Cheques from May 2024.
The government has said that Australia will stop using cheques by 2030.
The Government’s Strategic Plan for Australia’s Payments System (the Strategic Plan) announced the Government’s intention to wind down the cheques system by no later than 2030, with … Read the rest
