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The Commonwealth Bank has closed 354 branches during the past five years and has plans to close down more three branches next month in populated areas of three major cities.
Mr Comyn also promised an upgrade to the Commonwealth Bank's ATM network, even though the number of automatic teller machines across Australia has more than halved in seven years.
The number of bank-owned branches and bank-owned ATMs has dropped by more than half in the last seven years, falling from 19,508 to 8,836 as of June 30, 2024, with Westpac and Commonwealth Bank ...
Commonwealth Bank customers will soon begin to notice advertisements when withdrawing cash from an ATM or visiting a bank branch. The major bank announced its own media network this week, CommBank ...
The Commonwealth Bank, Westpac, NAB and ANZ used the abolition of rival ATM fees to take away those cash dispensing machines and squeeze Australia's cash-in-transit companies during contractual ...
Combined, the number of bank-owned branches and bank-owned ATMs has halved in seven years from 19,508 to 8,836 as at 30 June 2024, meaning Australia’s banks have dismantled half of their cash ...
The change will be implemented in the coming weeks. The most hated of all bank charges — the ATM fee — is set to be consigned to history in what would be a $500 million a year win for consumers.
A Commonwealth Bank (CBA) screenshot claiming the bank is phasing out ATMs and going cashless has caused outrage among customers, but not everything is what it seems. The screenshot, which has been ...
Commonwealth Bank ATMs refused to update customers' account balances and prevented others from withdrawing more than a pre-set limited this morning, the bank said.
He attempted to use two different Commonwealth Bank ATMs at least four times from 7am this morning and was told he did not have enough money in his account, despite knowing he had plenty to cover ...