Nab bank major bank to close dozens of branches across australia 20240131 p5yz7h.html – Breaking News & Latest Updates 2026
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This was published 2 years ago

Major bank to close dozens of branches across Australia

Allanah Sciberras

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Dozens of National Australia Bank (NAB) branches are slated to close in the coming months across the country.

About 36 branches across Victoria, Queensland, Western Australia, ACT and NSW have been listed on the NAB website as either closing or closed.

The bank said on its website the closures were due to customers choosing to bank online rather than in-person.

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READ MORE: Coober Pedy's last bank closed eight months ago. Here's what happened next

The NAB logo.

NAB branches across the country will soon close. Natalie Boog

"With more customers choosing to bank online, over the phone, or by video, and because fewer customers are using branches to do their banking, we've made the difficult decision to close some of our branches," the website said.

It comes as the bank recorded a strong lift in its cash profit to $7.7 billion, up 8.8 per cent.

Data released by the Australian Prudential Regulation Authority (APRA) last year shows 400 bank branches were closed across the country in the last 12 months to June 30.

This included 122 branches in regional areas.

READ MORE: New rules for Aussie banks looking to close branches

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In NSW, affected branches include Balmain, Broadway, Gilgandra, Gosford, Gundagai, Kyogle, Lake Cargelligo, Lithgow, Oberon, Scone, Temora, Warren, Wellington and Woolgoolga.

Eight towns in Queensland will see branches close, including Bribie Island, Browns Plains, Caneland Central, Cleveland, Inglewood, Mitchell, Pittsworth and Runaway Bay.

There are nine in Victoria closing in Bright, Emerald, Kilmore, Morwell, Mt Waverley, Ocean Grove, Strath Village, Tatura and Whittlesea.

Branches in Corrigin, Innaloo, Maddington and Waroona will close in Western Australia.

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Each branch listed has a PDF sheet attached on the NAB website explaining the nearest alternative branch and nearest post office.

An ongoing Senate inquiry into bank closures in regional Australia has shone a spotlight on the issue and led to a commitment from the Commonwealth Bank to keep all of its branches open until the end of 2026.

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