Several major banks and retailers in Australia and the US have announced the closure of numerous branches and stores, attributing the decision to the increasing preference for digital transactions. In Australia, a major retailer has entered voluntary administration, leading to the expected loss of 193 jobs and closure of 54 stores. Additionally, multiple Australian banks, including Bankwest and NAB, are shifting towards a digital-focused approach, closing several branches due to the overwhelming trend of online banking. Similarly, American banks such as Bank of America, Chase, and US Bank are also closing multiple branches, reflecting the growing shift towards digital banking services.
US Bank, Wells Fargo, Bank of America, Citizen, Chase and PNC are shutting hundreds of branches a year - here is what to do if your bank closes https://t.co/5HsewSYem1 https://t.co/igVoIiebYJ
Sky News host Liz Storer has urged Australians to continue withdrawing cash and keeping it in circulation instead of “opting for convenience”. Ms Storer’s remarks come after Bankwest announced it would be closing another three banks in a bid to go “almost solely digital”. “The… https://t.co/dsvOIkpZRA
YOUR SAY: Do you still bank in person? NAB has announced it will close dozens of branches across the country, stating customers are choosing to bank online rather than in person. #9News MORE: https://t.co/gAozga9IT8 https://t.co/lGVkrvhxsR
The major bank claims the closures are due to more people choosing to bank online or over the phone. https://t.co/vgPbD3zCgg
American banks close 41 branches in a single week https://t.co/Yfa08brqXN https://t.co/jZVI1yGvQu
Bank of America, Chase, Capital One, US Bank and PNC and are among ten national banks to shutter 41 locations in a single week - is yours affected? https://t.co/GtdbNsqtGD https://t.co/2ZbkBDOfss
Barclays announces even more bank branches to close just days after unveiling 20 branch closures - full list https://t.co/w1LDYBlBNL
Bankwest has shut another 3 of its branches with the company confirming it's now focusing on an ‘almost solely digital’ future. Customer habits are said to be driving the move with almost 99% of transactions now conducted online. https://t.co/rzMtWIVuFZ #Digital #7NEWS https://t.co/KACUx6ey6r
A major Australian bank has announced it will be closing two more branches, citing staffing issues and declining demand for cash services amid a rise in digital transactions. https://t.co/QxPQelZ4hx
#BREAKING: A major Australian retailer has gone into voluntary administration with expectations 193 people will lose their jobs and 54 stores will close. https://t.co/1nQ7wc7LHR