General
Big banks close Central West NSW branches, blaming pandemic and shift to internet banking
Major Australian banks are shutting branches in small regional towns at a growing rate, forcing people to travel to larger centres for in-person banking.
Key points:
- Five bank branches in Central West NSW will close in 2021
- CBA, NAB and ANZ say consumers are using online services at a growing rate, doing less physical banking
- Regional communities are warning poor internet and mobile reception is a major barrier to taking up digital alternatives
ANZ has announced it will close its shopfront in Cowra before the year ends. This will make the closure the fifth bank to shut its branch in the central west of New South Wales this year.
Cowra Shire Council Mayor Bill West says a dual push for banks to increase profits and use online facilities…
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