Australian Banks Limit Cash Access, Raise Privacy Concerns

Australian banks, including ANZ, are implementing measures that restrict cash access by banning over-the-counter cash deposits and withdrawals and removing many ATMs. This move has sparked concerns over privacy and the control over personal finances, as banks and the government increasingly treat the money as their property, not that of the individual. Customers are now required to justify their reasons for withdrawing cash, a policy that has been criticized for infringing on privacy rights and indicating a troubling trend towards the erosion of financial autonomy.