ATM Extinction: It's Started! They're Taking Away Access to Our Money!!

The 'Big Four' banks in Australia have removed 1,400+ ATMs per year, every year, for the past five years, that's in addition to closing 400+ bank branches.

Now the banks, the corporate media, and the government claim this is due to customers preferring digital transactions, however … perhaps unsurprisingly …
I push back on this claim and explore what's really going on.

ACCC (2016). Credit, debit, and prepaid card surcharges - consumer guidance. https://www.accc.gov.au/consumers/pricing/card-surcharges

SBS News: Aleisha Orr (2023): Joey's search for fee-free ATMs sometimes means the difference between skipping a meal or not: The number of bank-owned ATMs in Australia has dramatically shrunk in recent years. https://www.sbs.com.au/news/article/where-have-all-of-australias-atms-gone/355xvc5z5

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Last updated June 26th, 2023

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