Cash still growing as ATM withdrawals hit a six-year high and debit surges
ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.
Cash
+5
Debit cards hit 77% of volume and 70% of in-store purchase value for first time
Australian consumers continued their shift towards debit cards in January 2026, with debit reaching 77% of volume and a milestone 70% share of in-store card purchase value for the first time on record.
Cash
+4
Australia breaks new records on card spending ... and merchant fees
New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.
Cash
+4
Cash demand up at branches as closures continue
The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.
Cash
+1
