Letting the banks charge their own extra fees might be a non-starter. The government has some other ideas, including a cash mandate and a possible new rural services levy to keep branches open.
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The federal government has laid out a big picture proposal to keep cash alive. But it will need to keep a close eye on the details, and the unique challenges cash presents for businesses.
Research suggests there are hidden costs to abandoning personalized banking relationships in favour of online banking.
