Bank customers could end up footing the bill to keep regional branches alive, analysts warn
ABCBank customers could end up footing the bill to keep regional branches alive, amid secret negotiations between banks and the government. Treasurer Jim Chalmers confirmed negotiations were underway, saying "it shouldn't surprise people" that the government regularly speaks with banks to find solutions, but that no conclusion had been reached. No guarantee customers will pay While there's no guarantee banks would pass on extra costs to customers, analysts said the now-paused decision by Commonwealth Bank to charge customers $3 to withdraw cash from branches and post offices was a sign that some banks could choose that option. "We have banks maintaining or growing investments in regional branches in a time where, as your customers age, they move more and more towards digital interaction," he said.
History of this topic
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