Which is to be expected in a time of crisis and maybe even paninc, haed to the ATM, or the branch, and take out some cash.

(despite many shops and services only taking electronic payment to minimise the risk of virus transmission)

But, the RBA Fin Stability report notes:

  • a small number of customers making withdrawals (more than AUD 100k, and in some cases millions of dollars).

How do you even sleep on a mattress with a million or more of cash stashed underneath?

The RBA add further that the surge in cash demand has since subsided.