The use of cheques in Australia, and around the world is in decline. The Government’s Strategic Plan for Australia’s Payments System, released on 7 June 2023, includes a plan to phase out the cheque system nationally. Moreover, as more people move to alternative digital payment options, data from the Australian Payments Network identifies that cheque usage in Australia has declined by 83% over the last 10 years.
Given these industry changes and following a review of G&C Mutual Bank’s member chequing service, we will be discontinuing member cheque books from 1 February 2024.
Impacted members have been contacted over the past few months to advise of these changes and help support them with the alternative payment options available.
For more information regarding this change please visit the dedicated FAQ page.
We’re ready to help you
If you require further assistance with alternative payment options or have any questions about the upcoming changes to member cheque books, please feel free to contact us.