- ANZ will prevent customers from receiving a new checkbook on June 16
- The bank has also advised 8.5 million customers to cut them off now
ANZ Bank will prevent its customers from requesting a new checkbook for four weeks.
The bank’s 8.5 million customers were informed by email Wednesday that starting June 16, Internet banking customers will no longer be able to request a deposit book containing checks.
This is despite the government saying last year that controls would remain in place until 2030.
“If you have never had a checkbook in your account, you will not be able to request one,” ANZ told its customers.
‘Some of our accounts currently allow you to use a deposit book when you make a deposit with us.
“You will no longer be able to request deposit books on these accounts.”
ANZ Bank will prevent customers from requesting a new checkbook for four weeks
ANZ customers were also advised to cut up their checkbook.
“If you have an existing deposit book or receive one before June 16, 2024, we recommend that you securely destroy it by cutting or tearing it into pieces,” it said.
“You can continue to make deposits into your account without the need for a deposit book using your card or your BSB and your account number.”
This comes less than a year after Treasurer Jim Chalmers announced that checks would be phased out by 2030.
But a Treasury consultation paper published in December said the checks would not be phased out until the end of 2028.
ANZ is therefore taking steps to phase out checkbooks four years earlier than the government planned.