We look at the latest bank branch closures, which are accelerating, thanks to Dale Webster’s analysis at The Regional.
https://www.theregional.com.au/
She recently published an open letter to The Attorney General Mark Dreyfus about the scandal of APRA’s Points of Presence Database.
https://www.theregional.com.au/post/open-letter-to-the-attorney-general-mark-dreyfus
And we discuss an alternative to the Major Banks who are closing outlets to secure profits for shareholders – the Customer Owned Banks. There are nearly 60 across the country focused on their members (customers) offering lower risk, more competitive banking services, including local branches.
https://www.customerownedbanking.asn.au/
You can find a list of local members here: https://www.customerownedbanking.asn.au/about-coba/list-of-our-members
So, I recommend switching to these community banks, away from the Majors. Funnily enough often the COBA banks offer better rates, and service than the others, and have the highest customer satisfaction!
Finally, digital is fine until the power goes out, and cash is still needed to maintain viable and dynamic local communities!
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
