Is Australia going cashless?
The cashless society is a banker’s dream and governments seem to be fully supportive of the idea.
Banks often claim that cash usage is declining – and they need to close branches and ATMs as a result.
But that’s FAKE NEWS. Something changed in Australia during COVID. Australians turned back to cash and cash usage stopped declining. Over the last three years, CASH USAGE IN AUSTRALIA HAS BEEN TRENDING UP.
The Reserve Bank of Australia reported that an additional $375 million of new banknotes were issued last week, taking the total notes on issue to a new all-time record of $107.8 billion (on Wednesday 3rd December).
There has never been more Australian cash in the hands of consumers and businesses than in 2025.
Despite banks continuing to close their branches, the Reserve Bank of Australia reported on Monday that the number of cash withdrawals made over the counter in bank branches is UP over the last three years, since January 2022.
There were 1.9 million over the counter cash withdrawals made in October 2025, compared to 1.6 million in January 2022.
Banks complain about the cost of cash and branches. When they close a branch they talk about ‘changing consumer behaviour’ but official statistics show Australians want access to bank branches and want access to cash withdrawals.
ATM and EFTPOS cash withdrawals are also not falling in Australia, despite more restrictions from banks and retailers.
Is Australia going cashless? The answer is NO, despite banks and governments apparently trying to convince us that the cashless society is inevitable.
Please sign and share our petition to demand a cash and banking guarantee.