Walk The World
Bank Branch closures were discussed on ABC Illawarra this morning – and I was able to discuss the policy and practical issues surrounding this important issue in my interview.
It also led the local headlines this morning.
Link to Senate Inquiry: https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/BankClosures
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Keep applying pressure. I don't think you'll be successful but admire you for trying.
I would like to see this inquiry transition into a call for a government owned bank. Best idea I have heard in years.
The Banks have profit as their only Focus. Service is not on their agenda
Not everybody is digital savvy and nor do they trust online transactions, most people who are older prefer face to face business because they simply are frightened of the scamming and don't want to lose their money…. Bring back government owned banks and I will switch to them instantly!
Every digital Bank service ceases during power outages, without power even for a few seconds there is no digital service
In the meantime, these parasitic predatory foreign-controlled anti-democratic banks must provide the shortfall to income to businesses and citizens
We need legislation guaranteeing full access to cash transactions by any large or multinational corporations – including 5c pieces and $100 notes; and every day of the week.
"they are a profit-making enterprise…" — Herein lies the problem; profit-based banking (and media) must be outlawed, and severe penalties given to transgressors.
More branches will close thanks to Post Office banking
Cryptocurrency will be the next step towards automated digital control
This is because they are going to try and get rid of all cash, so they can bring in their Centralised Bank Digital Currencies (CBDCs) which is nothing but a surveillance and social credit score system…..like in China. Resist at all costs!
Bendigo have been clossing branches too. Mum used to go to Marion shopping centre to get cash but now the nearest branch is at Glenelg.
ON LINE BANKING IS THE MOST DANGEROUS …
any major (catastrophic?) event in the future and the Grid could be simply “switched OFF”
Then what …. Hmmmm ?
Personal in my 40 years banking history I have only had to use the big for about 5 years. Today there is so many options in main cities. What happens if you are travelling and something happens were you need to walk in to a bank. This issue is not only for the country folk but anyone who travels outside of a major city.
Essential exposure Martin. Thank-you and well done!
As an employee of a credit union in regional South Australia for over 15 years, thank You Martin. You are absolutely correct on branch requirements, especially on more complex enquiries. We deal with deceased estates, insurance claims/policies, business banking/lending, financial planning services, advice on personal/home lending, VISA disputes, relationship separations, Fraudulent transactions, scam activity, the list goes on ! I've helped scam victims recover $10,000 +, the process can take several weeks, complex probate discussions on estates, messy relationship breakdowns etc. You just can't access this sort of service and advice online. Additionally where I live we have a much older demographic, a huge % of our member base is aged over 60 and are still using cash & accessing it in branch. I enjoy my job, I loving helping people in this space, and I'm grateful to you Martin for keeping up the good fight.
Yaaaaaa!, just sent my submission. I forgot how easy it is. I made the point of how importent it is to have a post bank to provide real competition and force the banks to lift their game and prevent the buggers doing anything like this again. Cheers.
Australian post IS NOT A SOLUTION! IT CAN NOT BE! My sister runs a post office they expect her to pay for insurance of cash, a safe and all costs associated with travel which in her case is hundreds of km to get more cash if she runs out. This doesn’t even include the time it takes, which is taken away from her and can’t be used concentrate on running her business and on making a profit
The community can stop these banks profit by taking their savings out of the banks and keep it to themselves. Nobody on the radio would dare challenge the fractional reserve banking system and how under rated their control of people's lives are. Sure it might be a pain to get cash if your house is trapped in a bush fire, but in that scenario, cash in a bum bag might be a solution.
Once again highlighting how Australian Post is not a solution, South Australian currently has for sale the offices on commercial real estate. Orroroo, Crystal Brook, Mt Pleasant (Barossa Valley), Jamestown, Georgetown, Hawker, Laura, Cleve, Frances, Eyre Peninsula, Edinburgh, St Agnes and Golden Grove
So!! WHY were the Banks even allowed to sit on the taskforce when they were the one's the enquiry was directed at…..Gee!! that's like having criminals for eg. sitting on the jury determining their outcome,…..C'mon?
Thanks Martin.
Having rethink now about my ING accounts. Hume Bank is our local community bank for the people. Just need to compare interest and services.
Hi Martin, with your thumbnails you should have the text on the left and photo on the right side because when I search your videos the time stamp in the results covers the bottom right section of the thumbnail and I can’t read the last line of the text.
Bring on 17%
Criminal private banks thieving from the public and tax payers again.
Cashless means throwing yourself on your knees before the State
and China teaches us not to do that.
This is about surveillance and control like the ankle bracelet
around the criminal's ankle, it's a seriously bad idea for free people
to accept.
They want you in the fifteen minute city's!! WEF
The government is complicit with all this otherwise it wouldn't have happened. The big middle finger to the populace and happy days to big corp and banksters. Utilities….gas, electricity and water should never have been for profit and privatized…the bare necessities. Australia has been sold out many moons ago. We are all just consumers nowadays, not humans.