People using unregistered cryptocurrency ATMs risk handing their money to criminals, a financial regulator has warned. In a joint effort with law enforcement agencies, the Financial Conduct Authority (FCA) has disrupted 26 crypto ATMs, operating unlawfully across the country. Users can buy and sell cryptocurrency in exchange for cash or with a debit card when…
Digital Banking Reality in Australia: Booking Appointments to Get Cash
Australians may have to book appointments the next time they want to withdraw cash as several major banking institutions accelerate their digitalisation process. This comes after a Queensland woman recently gained public attention after a Tiktok video describing her ordeal of withdrawing cash from a local bank branch went viral. According to the video, Taryn…
Thieves Steal ATM From Chula Vista Gas Station
June 5, 2023
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CHULA VISTA, Calif.—Thieves stole an ATM out of a convenience store in Chula Vista June 5 by smashing the shop’s front window with a truck, pulling out the cash machine, and loading it on the back of the pickup, police said. The theft happened at 4:07 a.m. at the Chevron gas station on Melrose Avenue…
Major Australian Bank Starts Cutting Cash Services At Branches
April 7, 2023
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One major Australian bank has begun phasing out cash transactions at a number of its branches saying it is keeping up with the changing behaviour of customers. Australia and New Zealand Banking Group (ANZ)—one of Australia’s “Big Four”—revealed it would begin removing cash withdrawals and deposit services on March 30. Customers will only be allowed…
9 Held in Netherlands, Belgium Over German ATM Explosions
BERLIN—Nine men suspected of involvement in blowing up dozens of cash machines in Germany and stealing some 5.2 million euros (nearly $5.7 million) have been arrested in the Netherlands and Belgium, German authorities said. The arrests were made during raids on 16 properties in the two neighboring countries on Jan. 30, prosecutors and police in…
Get the Most (or lose the least) in foreign Exchange
With COVID-19 restrictions falling, chances are that many of you are considering a trip to Europe or Asia this summer. That means paying in euros, francs, yen, or whatever when you’re at your destination. Unless you’re a currency speculator, you’ll almost always lose something in exchanging your dollars for whatever, but you can keep those…
Russian Central Bank to Give Banks More Cash for ATMs
February 25, 2022
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MOSCOW—Russia’s central bank on Friday said it was increasing the amount of cash it gives to banks to replenish ATM machines, the latest measure the regulator has taken in an effort to maintain financial stability after Russia invaded Ukraine. Demand for cash in Russia on Thursday stood at 111.3 billion roubles ($1.34 billion) and was…
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