Cashless Bank Branches in Canada

Walter Engert and Ben Fung

No 2019-29, Staff Analytical Notes from Bank of Canada

Abstract: Cashless or tellerless bank branches have proliferated in several countries in recent years. In a cashless bank branch, teller or counter services such as cash withdrawals, deposits and cheque-cashing are not available. These services are instead provided via automatic teller machines. This note discusses the development of tellerless bank branches in Canada and analyzes the potential implications for cash demand.

Keywords: Bank notes; Digital Currencies and Fintech; Financial services (search for similar items in EconPapers)
JEL-codes: E41 E42 E51 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2019-10
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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Citations: View citations in EconPapers (4)

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