Help count the number of cashless outlets that banks are trying to pass off as branches.
In the ongoing war on cash, the big banks are opening cashless banking outlets, or shifting existing branches to cashless outlets.
NZ’s Ardern government has dropped a planned bail-in law, to avoid a backlash from an angry public who won’t want their deposits stolen; Kiwis and Aussies should demand their governments jettison all bail-in powers.
The Australian government and major-party politicians have one response to concerns that bank deposits could be “bailed in”: don’t worry, you’re protected by the $250,000 Financial Claims Scheme (FCS) deposit guarantee.
The Senate voted unanimously yesterday to remove the $10,000 cash transaction ban bill from the Notice Paper, effectively dumping it from this Parliament.
