Woolworths to cut down on cash withdrawals in stores

A Woolworths spokesperson confirmed that the amount of money a buyer can withdraw at a retailer will change from $500 to $200 from mid-September.

9news.com.au understands the change begins this week.

“We will be reducing the limit of cash customers can withdraw from our stores per transaction,” the spokesperson stated.

“This is due to the lack of cash being used in transactions, with the majority of customers opting for card-only transactions such as Everyday Pay.”

Woolworths can be planning to introduce modifications within the coming months that can imply prospects have to buy a product to withdraw money, just like different retailers like Coles.

Currently there is no such thing as a requirement to buy a product to withdraw money on the retailers and there’s no surcharge.

It comes as dozens of financial institution branches start to shut and ATMs change into tougher to search out.

Woolworths famous the significance of maintaining money withdrawal providers regardless of the fee to the retailer to inventory money in amid the rise of cashless funds.

“We understand cash remains an important payment option for some customers and that’s why we’ll continue to offer the ability to withdraw cash,” the spokesperson stated.