Stepmates Studios Founder Mark Nicholson has raised concerns with Macquarie Bank going cashless as Australia “used to be the envy of the world” for its bank notes.

The bank plans to ditch the use of cash this month.

“We used to be the pride of the world,” Mr Nicholson told Sky News host Chris Kenny.

“It was plastic, it didn’t rip – you could put them in the wash.

“I’m kind of sad to see them go – hands off my money, Macquarie.”