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This is an uncanny coincidence. Just today I (being a Swede in the largest city) wanted to deposit some old bills, and found out my primary bank went completely cashless years ago, and my secondary bank never dealt in cash to begin with.

This sounded so weird to me so I had to google it while on the phone with the support rep. Turns out it's a big shift where at some point around ten years ago, the government released control and now almost every big private actor is moving away from cash, despite the fact that it goes against the recommendation of nearly every expert in the field.

It worries me hugely, and I am considering switching banks to the only big bank that is actively in favour of dealing in cash: Handelsbanken. I know this will come at some cost to me, but if the alternative is sticking with a bank that does not even offer one of the core services of banking---even society---that will have to be worth it.




Is a bank that has no physical cash trustworthy? Who holds their cash, and what other core functions have they outsourced or stopped offering?




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