Digital Banking

Major banks have been steadily closing branches across Australia citing the popularity of online digital services.

The federal government hopes to receive the necessary feedback to implement a smooth and orderly transition to alternative forms of payment.

The bank’s net operating income soared 12.9 percent to $20.7 billion .

“Between January and November 2024, we’ll be phasing out our cash and cheque services across all our banking and wealth management products,” the bank said.