Skip to playerSkip to main contentSkip to footer
Australian Community Media
  • 6/13/2024
Commonwealth Bank has left some customers fuming after it reduced the daily deposit cash limit on ATMs from $1000 to $750 for those using mobile phones.

Category

📺
TV
Transcript
00:00Commonwealth Bank has left some customers fuming after it reduced the daily deposit cash limit on ATMs from $1,000 to $750.
00:10The move affects cardless deposit customers utilising the service via their mobile phone number.
00:16A CBA spokesperson explained the reasoning behind the decision was to enhance customer protection against financial crimes.
00:25Despite the security intentions, some customers are frustrated.
00:30One business owner on social media vowed to change banks, while others criticised the move as part of the war against cash.
00:37I have to use a card which I am not used to using. I'm still old fashioned and like to use cash.
00:42Despite a push for digital payments, cash withdrawals in Australia are increasing.
00:47In February, Australians made 30.9 million ATM withdrawals, up 3.6% from the previous year, according to RBA data.

Recommended

1:46
Up next
RBI Hikes ATM Cash Withdrawal Charges, Know Details Here
OTV News
6/13/2021
0:18
Comm Bank's ATM
Illawarra Mercury
8/14/2023
0:48
SBI Revises Charges For Fund Transfers: Here’re Details
NewsNation
4/18/2020
1:10
ATM Charges HIKE from May 1 | ₹23 Per Extra Withdrawal | Limit Details
Asianet News English
4/30/2025
0:57
'Cash day' protests spark long lines at banks
Australian Community Media
4/4/2024
2:00
The Future of Banking: The government plan to force banks to stay open & provide shared cash machines. Do you still use your local bank branch?
National World - LocalTV
5/10/2022
1:43
Commonwealth Bank quickly ‘pauses’ cash withdrawal fee after public backlash
ABC NEWS (Australia)
12/4/2024
0:39
JPMorgan is suing the customers who cashed in on bank’s “infinite money glitch”
Fortune
10/29/2024
3:10
MySafe wants to be what ATM has done to cash withdrawal
Gulf News
2/12/2025
1:00
Zimbabwe caps withdrawals as banks run out of cash
AFP English
5/5/2016
3:57
Day 46 of Demonetisation: Cash crunch continues; ATMs remain cashless
Inkhabar
3/1/2019
6:44
Alarm: Stay alert while withdrawing money from an ATM
NewsNation
5/19/2020
0:47
Commbank backtracks on planned fee hike
Australian Community Media
12/5/2024
2:16
Now you will be able to withdraw money from ATMs without Debit Card
NewsNation
4/2/2021
2:59
Proposals for $3 fee for cash sparks outrage among customers
ABC NEWS (Australia)
12/4/2024
3:05
Bank closures: How are you affected and new solutions for in person banking
National World - LocalTV
9/21/2022
16:15
Cash crunch still a problem for people, cashless ATMs see long queues
NewsNation
5/19/2020
2:16
RBI Imposes Restrictions On New India Co-Operative Bank, Customers In Distress As Withdrawals Frozen
LatestLY
2/14/2025
1:08
Faulty ATM Starts Handing Out $100 Bills
Buzz60
11/27/2018
5:34
Customers Will No Longer Get Rs 2,000 Currency Notes At Indian Bank ATMs
PublicTVMusic
7/6/2021
1:34
Australia Post increases security after mail stolen in series of post office raids in Melbourne
ABC NEWS (Australia)
today
2:12
Vanuatuans celebrate climate win at International Court of Justice
ABC NEWS (Australia)
today
5:00
Australia to lift biosecurity restrictions of beef imports from United States
ABC NEWS (Australia)
today
1:11
ANU music school protest
The Canberra Times
yesterday
1:02
Pauline Hanson puts David Pocock on the spot on day one in new Parliament
The Canberra Times
2 days ago