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Is cash dead in Australia? (nord.pub)

submitted 4 days ago by NightOps@nord.pub to c/australia@aussie.zone

56 comments fedilink hide all child comments

I mean, since the last time I've visited: it seems like no one ever carries it. I prefer it because CC charge additional fees (which end up making the item cost more) I have a small rant about that: STOP RIPPING OFF PEOPLE WITH THOSE SURCHARGES?! (It should be 0 rather than 1%) as it may seem trivial, they add up overtime. Are stores allowed to refuse cash payments outright despite them being legal tender?

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[–] tombruzzo@aussie.zone 11 points 4 days ago (9 children)

I take the time to get cash out once a week and use it at smaller places. You can save anywhere between 1-10% paying cash at the right places

[–] NightOps@nord.pub 4 points 4 days ago (7 children)

When I visited as a tourist, why do ATMs only disperse $50 bills upon withdrawing large sums (i.e. $500) when Australia clearly has a $100 bill? Why does it exist when barely anyone uses it for regular transactions?

[–] No1@aussie.zone 6 points 3 days ago

Because it's not only you making a withdrawal, and banks have thousands of ATMs and over 40 years of data to work out what to stack their ATMs with

[–] Taleya@aussie.zone 3 points 3 days ago

ATMs are stocked according to likelihood of withdrawl. More people pull out fiddies than hundreds of dollars

[–] tombruzzo@aussie.zone 3 points 3 days ago

For some reason ATMs here only do $20s and $50s. You'd have to go into the bank or a supermarket to get $100 notes.

Places would prefer $20s anyway. So I get out an amount that means I'll get a couple like $180 so it's a good mix

[–] SaveTheTuaHawk@lemmy.ca 1 points 3 days ago

In Canada, we have $100 bills, but most shops will not accept them due to counterfeit.

[–] Fleur_@aussie.zone 3 points 4 days ago

By that logic why should any cash be printed when barely anyone uses it for regular transactions

[–] eureka@aussie.zone 1 points 3 days ago

And also, I've had to wait for a teller just to divide into smaller notes for exact change, much quicker and more respectful, especially in businesses which aren't retail

[–] SaneMartigan@aussie.zone 1 points 3 days ago (1 children)

Some do $100s.

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