Janessa Bidgood runs an annual event in her rural town that makes over $500,000 and contributes hundreds of thousands of tourism dollars to the wider community. Public banking The idea of a government-owned bank was tabled during the senate inquiry into bank closures in regional Australia, and has since been backed by Liberal Party senator Gerard Rennick. "The banks, they're …
The remote town of Coober Pedy, which relies on large amounts of cash for its opal mining and tourism industry, is set to lose its only bank next year. Key points: Coober Pedy will lose its only bank when Westpac closes its branch in February Australia Post will provide limited banking services to the town Residents who don't use internet …
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 …