Problematic Regional Divide for ATM Access

December 13, 2023 10:38 am in by
Credit: Westend61 via Getty Images.

Hundreds of bank branches across Victoria have closed their doors since 2021, including 11 regional Victorian Westpac branches, creating a large regional divide for ATM access.

The Reserve Bank says physical cash still has an important role to play as it launches an inquiry into the shift to electronic payments.

Reserve Bank of Australia Governor, Michelle Bullock, says they’ll work with financial businesses to make sure people can still get access to real money.

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Communities across the state are looking to Bendigo Bank and/or other community banks to fill the void.