Banks Consider Multi-Bank Branches to Maintain Regional Presence
The industry is considering a funding model to share costs of supporting bricks-and-mortar outlets and other infrastructure across participating banks.
TL;DR
- An industry plan proposes trialling multi-bank branches in regional and rural Australia.
- The plan aims to ensure the continuation of face-to-face banking services.
- A funding model to share costs across participating banks is included.
- This caters to customers who still prefer in-person banking.
- It acknowledges diverse customer banking needs, including online, phone, and in-person options.