Coles reduces cash withdrawal limit amid Armaguard money woes

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Coles has resumed Armaguard cash deliveries with the money transit company, following a brief pause this week. It comes as the grocery giant has reduced money withdrawal limits in supermarkets from $400 to $200, as concerns grow about the future of the currency handling company. “Coles can confirm that normal cash collection and processing services from Armaguard have resumed,” Coles told 7NEWS.com.au.

” Cash withdrawal pause Coles briefly paused Armaguard cash deliveries due to the evolving situation. It has also reduced withdrawal limits at supermarkets and liquor stores from $400 to $200 indefinitely, which it says is in line with other major retailers. “Due to industry-wide challenges with cash movements, we are taking some temporary steps to prepare for disruption to Armaguard services,” Coles said.

 

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