More than half of Australia’s ATMs have closed in just eight years while the number of bank branches has plunged as customers increasingly go online, new figures show.

The abolition of $2 fees eight years ago, for using a rival bank ATM, has also made it much harder to withdraw cash with Australia’s near monopoly cash delivery company Armaguard on life support for another year.

The number of automatic teller machines across the country stood at 13,814 in June 2017 but as of June 2025, that number had plunged by almost 63 per cent to 5143, new Australian Prudential Regulation Authority data showed.

Bank branches have also been closing in droves, with the number across Australia plunging by 44 per cent from 5694 to 3205 over eight years.

During the past year alone, 155 bank branches have

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