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.
Category: Finance
Cash Withdrawal Bank Fees.
How much to Withdrawal Cash?
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
How much to Withdrawal Cash?
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
RBA Interest Rates November 2024.
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
Australia to ban debit card surcharges.
Can Australia ban debit card surcharges?
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 Cheques 2024.
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.
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.
When will Cash become obsolete?
The Commonwealth Bank, NAB and ANZ have stated … Read the rest
Beyond Bank Cheques 2024.
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
RBA Interest Rates November 2023.
The RBA announced that the Australian Cash Rate would change to 4.35% on 7 November 2023. The new rate comes into effect the day after.
7 November 2023 Media Release.
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per … Read the rest
RBA Interest Rates October 2023.
The RBA announced that the Australian Cash Rate would remain at 4.10%, at their meeting on 3 October 2023.
This was was expected by most experts.
3 October 2023.
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest … Read the rest
Woolworths Cash-Out Changes.
Cash Out at Woolworths.
From September 2023, Woolworths will be reducing their maximum Cash-Out option at the till down to $200. This appears to be a reduction from the previous $500 limit.
Part of the reason is due to less cash being available these days, due to fewer people choosing … Read the rest