IHeart Far South Coast: Another bank closes it’s doors

June 14, 2024 9:06 am in by

With another bank branch permanently closing its doors on the South Coast, is it changing customer habits or cost cutting from the banks that’s driving the end to face-to-face banking?

This week the National Australia Bank in Moruya permanently closed it’s doors while last month ANZ announced it will be closing it’s Bega branch in October 2024. These closures come just 18 months after NAB closed it’s Narooma branch, one the community fought to keep open.

Listen to this week’s episode of our weekly iHeart Far South Coast podcast on bank closures in the area below.

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Since 1975, a loss of around 1,900 branches in more than 1,000 regional towns, cities and coastal communities across Australia has seen a cut of 68 per cent of the network in over 45 years.

On this week’s edition of the iHeart Far South Coast podcast, we discuss these regional closures and how they are impacting our communities, with Bega Chamber of Commerce President, John Watkin, as well as NAB Executive for Retail for NSW/ACT, Tony Story.

Images: Google, ARN Bega Bay