Cash usage trend ups, with $107B of banknotes on issue

Guest Contributor

22 Jul, 2026
The latest data from the RBA shows there is no trend away from using cash but there’s no surprise that there’s a trend away from ‘over the counter’ withdrawals as big banks rapidly close branches.
Cash usage trend ups, with $107B of banknotes on issue

The latest data from the RBA shows there is no trend away from using cash but there’s no surprise that there’s a trend away from ‘over the counter’ withdrawals as big banks rapidly close branches.

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For the eight months to August 2026, Australians stopped using credit cards, paid down what they owed, and took out more cash. Surcharging ended on 1 October but

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