Australian banks close hundreds of branches and ATMs as services move online
2 years, 2 months ago

Australian banks close hundreds of branches and ATMs as services move online

ABC  

More than 1,600 bank branches closed nationally in the past six years, new data shows, with 309 branches axed in the last financial year alone. Key points: More than 300 bank branches closed nationally in the last financial year Banks also closed 963 ATMs last year as services moved online Australia has seen a 30 per cent drop in branch services since 2017 The latest data from the Australian Prudential Regulation Authority, released on Wednesday, revealed in the financial year ending June 2022, 96 branches closed in NSW, 57 closed in Queensland, and 88 closed in Victoria. The ABA spokesperson said banks would "remain a key partner in regional communities to ensure customers have access to the services they need". ATMs axed More than 1,345 ATMs were also shuttered nationally last year, with 402 closed in NSW, 259 in Queensland, and 362 closed in Victoria — a 17 per cent decline in one year.

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How the Commonwealth Bank, Westpac, ANZ and NAB bosses justify closing hundreds of branches across regional Australia
1 year, 3 months ago

How the Commonwealth Bank, Westpac, ANZ and NAB bosses justify closing hundreds of branches across regional Australia

ABC  

For the past six months, a Senate inquiry has travelled across the country to find out why more than 1,600 bank branches have shut across regional and rural Australia in the last six years. On Wednesday, the inquiry heard directly from those in charge of the closures — the bosses of Australia's "Big Four" banks: Commonwealth Bank, Westpac, NAB and …

A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem
1 year, 9 months ago

A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem

ABC  

Newsagent Ray Burgess is a good customer for a bank, he just cannot find one. Key points: Over the past five years, 30 per cent of Australia's bank branches have shut Banks claim more transactions are happening online, fewer in branches A Senate inquiry into the impact of regional bank branch closures is holding a hearing in Gippsland To run …

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