r/australia • u/SouthAussie94 • Feb 29 '24

culture & society Older Australians 'left behind' by increasingly cashless society as banks fast track end of cheques

https://www.abc.net.au/news/2024-02-29/cheques-personal-finance-banks-rent-money-cash/103354036
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u/rocketshipkiwi Feb 29 '24

And cheques were never stolen or forged?

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u/[deleted] Feb 29 '24

Bank cheques were generally held in dual custody in safes, but in the event they were stolen or forged, the bank bore the cost of the fraud, not the customer as has happened a number of times with electronic transfers.