Westpac down, she's dead Jim

Discussion in 'Markets & Economies' started by Mr Medved, Feb 25, 2013.

  1. Mr Medved

    Mr Medved Member

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    Apparently no access to bank accounts (or online banking) - ATMs included. They were doing everything by hand in the bank branch. Outage has been several hours with no ETA for a resolution.

    It's a good lesson to always hold cash on hand even if you like to stack metals.
     
  2. Old Codger

    Old Codger Active Member Silver Stacker

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    I used my debit Card via EFT at about 3.30PM today.
     
  3. willrocks

    willrocks Well-Known Member Silver Stacker

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    Their online banking/website is down. So EFT probably still works.
     
  4. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I suddenly feel the urge to withdraw a few thousand in 5 cent pieces and make sure they are counted individually for accuracy
     
  5. Mr Medved

    Mr Medved Member

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    You'd need to make an order if you wanted more than, say, $50 worth of 5 cent coins. Even if you didn't order them they'll either be in rolls or bags and weighed instead of counted.

    Not sure how widespread the outage is but a colleague said he the ATM was offline, and all the machines in the bank branch were down (different branch from the ATM).

    A bird in the hand is worth two in the bush. :)
     
  6. Austacker

    Austacker Active Member

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    and this -

    Is there a limit on the number of coins I can hand over to the shopkeeper in a store?

    Yes - The Currency Act stipulates the rules outlined in the table below.

    Denomination Quantity
    1c & 2c Maximum of 20 cents
    5c, 10c, 20c & 50c Maximum of $5
    $1, $2, $5 & $10 Not exceeding ten times the face value, inclusive ie a maximum of $100 for $10 notes (10 x $10)
    Any other denomination To any value

    http://www.ramint.gov.au/faq/
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    ^^^
    err.. what's that last point mean?
     
  8. Jing

    Jing Member Silver Stacker

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    think it means you can walk into perth mint and purchase the 1 tonne gold coin with $50 notes
     
  9. goldpelican

    goldpelican Administrator Staff Member

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    Means you could pay $1m with $200 coins (assuming that the gold content was irrelevant).
     

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