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Two million Aussies expected to withdraw cash on Cash-Out Day, Tuesday 22nd April

Cash Welcome 2 mins read

Two million Australians are expected to withdraw cash on Tuesday 22nd April in a resounding vote NO to the prospect of a cashless future.

Last year, Cash-Out Day was a major success with ATM companies and banks seeing significantly increased cash withdrawals.
 

Since then, two major banks (CBA and Westpac) have made commitments to cash access and the federal government has announced a cash mandate from 1st January 2026.

"Cash-Out Day is our chance to show the banks and politicians that Australians expect to be able access and use cash," said Jason Bryce, founder of the Cash Welcome campaign and a petition of over 200,000 signatures.

"Physical cash is our legal tender, banks need to give us access to our cash and all retailers must accept cash.

"The government's current proposal for a cash mandate will miss 97% of retailers, allowing many to go cashless."

"Cash-Out Day is our chance to simply make a withdrawal and remind the banks and the government that cash is important to Australians," said Jason Bryce.

"I urge everyone to just simply take our some money from your account, keep it in your purse or wallet for spending and emergencies and enjoy the freedom we enjoy to spend our money how we like.

"Banks can't build a reliable, private, secure alternative payment system so cash is here forever, no matter how convenient card and phone payments become," said Jason Bryce.

"By restricting access to cash and banking services, banks make life difficult for businesses and people in communities throughout Australia.

"Banks have agreed to distribute cash, the community expects to be able to access cash, so the onus is really on the big four banks to plan for cash to be here forever.

"It's not good enough for banks to complain about the costs of distributing cash when Commonwealth Bank (and the other three big banks) GAVE UP $503 million in ATM fee revenue in 2017". 

ANZ Bank is approaching a 'cashless tipping point,' almost half of all ANZ Bank's metro branches throughout Australia are now specialist hubs, reports The Regional.

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.

There is no decline is demand for cash in Australia over the last three years.

The RBA balance sheet shows over $103 billion worth of Australian banknotes currently on issue

Consumer group CHOICE reported 97% of 13,000 Australians surveyed support a cash mandate and 80% use cash.

"There is no decline in demand for cash since the end of the COVID pandemic," said Jason Bryce.

"Banks want a cashless Australia, not business or consumers.

I have a petition calling for a cash and banking guarantee:

https://www.change.org/BankingAndCashGuarantee

 

 


Key Facts:

Cash-Out Day is when Australians flock to ATMs, bank branches and supermarkets to withdraw cash to vote NO to their CASHLESS AUSTRALIA.


About us:

Jason Bryce
0428 777 727
[email protected]


Contact details:

Jason Bryce

Cash Welcome

Backed by donations from the public, business and industry.

0428 777 727

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