Spurred on by bank branch closures, 20 local Councils across Australia have now passed motions endorsing the Australian Citizens Party’s proposal for a national post office People’s Bank, which would save essential postal and banking services for all communities.
Because ALP and Liberals in 2020 contrived a scandal over then-CEO Christine Holgate spending $20,000 on four Cartier watches two years earlier (rewarding executives who
After voting down a similar motion in September 2022, this month Temora Shire in NSW reversed its position and carried a motion to support a public post office bank.
The dramatic change of view follows NAB announcing the closure of the local Temora branch, one of 38 regional bank branches NAB has closed or announced to close this year.
The Senate inquiry into bank closures in regional Australia will hold hearings in WA this week, to give Western Australians the chance to have their say on the banks abandoning regional communities. On Tuesday the Senate inquiry will be in Carnamah, four hours north of Perth, where Westpac closed the town’s only bank in March.
This week, National Australia Bank has announced four more regional branch closures: Kyogle and Woolgoolga in northern NSW, and Inglewood and Mitchell in Queensland
NAB’s branches at Woolgoolga, Inglewood, and Mitchell are the last banks in town; Inglewood customers now face a 140-kilometre round trip to do banking, while Mitchell customers face a two-hour return trip to visit a bank.
Stop Press: CBA has just confirmed that the information below about its three-year moratorium on branch closures does not include the regional branches of CBA’s subsidiary BankWest, which is two-thirds of WA’s regional branches. This is unacceptable, and BankWest customers should demand CBA change its policy and include BankWest branches.
