Can credit union and coop banks replace traditional banks completely?

Edit (adding additional question): Has there been an attempt to do this on a national or societal level?

  • slazer2au@lemmy.worldEnglish
    1·
    14 days ago

    Entirely depends on the CU

    I know the ones in Australia would let you withdraw in person , if you were in a town with that CU or via an ATM.

    I believe banks are able to pause transactions out if they approach their solvency thresholds.