More than half of Australia’s ATMs, one-third of bank branches shut since 2019
- zaraatkinson0011
- Oct 17, 2024
- 1 min read
More than 200 bank branches evaporated last year, and the country has lost 6000 ATMs in the space of five years.
Analysis from Canstar shows bank branch closures outside the major cities slowed down compared to the 2023 financial year, but the 2024 financial year still saw 230 branches shut.
“A branch or ATM closure in a shopping centre where there are alternatives nearby is very different to a branch closure in outback Australia that forces people into the car, in some cases for hours, to get to and from their new nearest branch,” Canstar data director Sally Tindall said.
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