Banking Working Group to Visit Orange as Wanted Bids | Blayney Chronicle
Orange residents unhappy with the city’s banking services have until December 18 to file a request with the Regional Banking Taskforce.
The task force is also due to travel to Orange after Orange member Andrew Gee delivered a constituency statement to the Australian Parliament calling on members to travel to the center-west to hear and see firsthand the impact of bank closures in the communities of Calare.
“I welcome the inclusion of Orange in the work of the Taskforce,” he said.
âThis will give the task force members a clear idea of ââthe detrimental effects of branch closures and service reductions on loyal customers of banks in our region.
âThe Commonwealth Bank of Australia has pulled out of Molong, Portland and Blayney and has halved its hours of operation in Gulgong, Wellington and Oberon.
âThe National Bank of Australia has closed its doors in Blayney and Canowindra, and ANZ has closed its branch in Cowra. The list goes on and on.
âThis is not a new trend. All the big banks are doing it and it is only getting worse.
âThe county of Cabonne is home to nearly 14,000 people in 17 towns and villages, but there is no longer an autonomous banking agency.
âBy visiting our region, the working group will be able to better understand the total impact of the disappearance of the sector on regional communities and to respect its mandate.
“Members will be able to see the fallout and talk to clients of personal, commercial and charitable banks about how best to try to manage the exit of banks from the mid-west towns.”
Mr Gee said many customers of major banks in regional areas have difficulty with online banking.
Regionalization Minister Bridget McKenzie said the task force will provide a platform to establish how the transformation of the banking sector, especially branch closings, has affected people living in centers like Canowindra.
âHaving access to bank branches is vital for every community, especially for residents who cannot use online services,â she said.
Submissions can be made by email to [email protected] or by mail to the Secretariat, Regional Banking Working Group, Financial System Division, The Treasury, Langton Crescent, PARKES, ACT, 2600.