Australia News

State MP Presents Motion to Stop ‘Relentless’ Banking Branch Closures

Major banks have been steadily closing branches across Australia citing the popularity of online digital services.
State MP Presents Motion to Stop ‘Relentless’ Banking Branch Closures
This photo illustration taken in Hong Kong on February 2, 2023 shows the Australian $5 banknote. - Australia's central bank announced on February 2, 2023 it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. (Photo by Mladen ANTONOV / AFP) Photo by MLADEN ANTONOV/AFP via Getty Images
Monica O’Shea
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New South Wales state MP Rachel Merton is calling for a halt to bank and ATM closures as regional customers continue to see local branches disappear.

The National Australia Bank (NAB) closed the Lithgow and Oberon bank branches and ATMs in Australia’s most populous state in the last week of April.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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