Australian Banks Require Explanations for Cash Withdrawals Amid Privacy Concerns

Recent reports indicate that banks in Australia are now requiring customers to provide explanations for their cash withdrawals. This new banking policy mandates that individuals disclose the purpose of their withdrawals, as part of a broader inquiry into how clients are spending their money. Similar incidents have been reported in other countries, with banks refusing to allow cash withdrawals without sufficient proof of the intended use of the funds. This has raised concerns among citizens about privacy and the potential move towards a cashless society.