US EditionThousands of Aussies to Lose Bank Service
AUSTRALIA, JUL 24 – Bendigo Bank cites reduced customer use and rising costs for closing 28 agencies, affecting 2.7 million customers across five Australian states by October 2025.
- From October 2025, Bendigo Bank will retire its agency model, closing 28 outlets across five states, said the bank.
- Taso Corolis said changing customer preferences and reduced business activity drove the decision, noting the model was established 30 years ago for low-demand areas.
- In Taroom, about 470 km west of Brisbane, the agency closure leaves 800 residents reliant on Australia Post, with the next branch two hours away in Mundubbera.
- Arriving October 16, the Crookwell agency will retire, a move Susan Reynolds called a `slap in the face`.
- As the fifth-largest ASX-listed bank with the most branches per customer, Bendigo Bank remains committed; Taso Corolis said, `we must prioritise our investments across both physical and digital channels to continue meeting the changing needs and growing expectations of our 2.7 million customers`.
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The Canberra Times+2 Reposted by 2 other sources
'Very angry, what's next?': Bendigo Bank to shutter services across regional Australia
Bendigo Bank shuts 28 agencies in rural Australia, community outraged over access impact. NSW, Victoria locations impacted. Find out where.
·Canberra, Australia
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Bendigo Bank to Shut Down 28 Regional Agency Branches by October
Bendigo Bank has announced it will close its 28—largely regional—agency branches nationally, citing a lack of use and “other relevant factors.” Agency branches provide limited services through third parties like news agencies. The 30-year-old agency model has allowed banks to reach out further into communities where it is not cost effective to set up a full branch. However, in a statement on July 22, Bendigo said it would be winding down the mod…
·New York, United States
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Coverage Details
Total News Sources18
Leaning Left7Leaning Right3Center0Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
R 30%
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