Banking on cash in regional areas

THERE has been an easing in the number of regional bank branch and ATM closures which dropped by 52 last financial year, compared to more than double at 112, the previous year. Meanwhile, $107 billion was withdrawn from ATMs in the last 12 months showing that cash is still preferrable to some. Photo: SUPPLIED.

By Admin

October 24, 2024 | 12:00 PM

NEW research from Canstar has revealed the pace of bank branch closures outside capital cities has eased in the 2024 financial year, with 52-shutting compared with 122 during the previous year.

Bank branch closures in non-regional areas brought the total ATM closures in Australia to 230.