Australia’s big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society

Australia’s big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society

The number of ATMs across the nation are at their lowest level in 12 years at 25,720, after at least 2150 terminals removed in the recent June quarter, according to the Australian Payments Network.

Australia’s big four banks – ANZ, Commonwealth, NAB and Westpac – also shut up a combined 175 branches in the last 12 months.

The widespread closures have divided public opinion and left 2.5 million elderly Australians who don’t do online banking inconvenienced.

URL: https://www.dailymail.co.uk/news/article-8633457/Australias-big-four-banks-remove-thousands-ATMs-close-branches-coronavirus.html

Leave a Reply

Your email address will not be published. Required fields are marked *

twenty − fifteen =