LCU to cease offering cash in branch

Written by Marketing



From 1st July 2021 LCU will cease offering cash deposits & withdrawals in branch. 

Why is LCU going cashless?

Over the last few years the use of cash has been gradually declining both across Australia and among LCU members. COVID-19 saw this trend speed up during 2020. We are now at a point where the costs and processing involved with offering cash is no longer viable. 

What are my options for getting cash out now?

Your LCU Visa card allows you to make cash withdrawals from all ATMs. You can avoid paying a fee for this by using one of the Big 4 banks ATM networks which no longer charge a fee for withdrawing cash. Cash withdrawals are limited to $1,000 per day. If you need to withdraw more, please contact our office.

Some retailers also offer cash out with your purchase (for example most supermarkets). Simply ask for cash out from the cashier and ensure you select Savings on the EFTPOS machine and enter your PIN.

If you do not currently have a Visa card and would like to get one, please talk to our staff.

How can I deposit cash?

If you regularly need to deposit cash, LCU can supply you with a deposit book which will allow you make deposits at any NAB bank branch. Contact our staff if you wish to order a deposit book.

If you have a one-off requirement to deposit cash we can supply you with a deposit slip to be used at a NAB branch.

What are some other options for paying people?

LCU offers a variety of other payment methods for paying people, companies and your bills. Some of these are:

What are some of the benefits of using electronic or card payment methods instead of cash?

Should you have any other questions please don’t hesitate to ask our friendly staff. 

Enquire Call 02 9859 0585