Three more Commonwealth Bank branches across Australia are set to close next month. The branches in well-populated areas of Coogee in NSW, Coolangatta in Queensland, and Adelaide’s Rundle Mall in South Australia, will be shuttered by March 1, according to the bank.
Commonwealth Bank called the permanent closures a “difficult decision” based on progressive declines in customer demand at the branches.
At the Rundle Mall branch in Adelaide, transactions dropped by 47 per cent over the past five years.
In Coogee, transactions at the branch dropped by 52 per cent over the past five years, and at the Coolangatta branch by 29 per cent over the same time.
“We regularly review our services across Australia to help inform decisions on where to open, renovate or upgrade branches, or in some instances where to close branches,” the Commonwealth Bank told
“After a recent review, we made the difficult decision to permanently close our Rundle Mall Adelaide, Coolangatta and Coogee branches.
“Staff will be available to provide one-on-assistance until Friday, March 1, 2024 to help equip and educate customers with alternative banking options.
“We’re proud to provide customers with many different ways to access banking services — via our branches, ATMs, mobile and premier bankers, phone banking, messaging, online or via the CommBank app, as well as Bank@Post.”
Of 22 employees currently working across the three soon-to-close branches, all but one will be relocated to “appropriate, comparable roles suitable to their needs,” Commonwealth Bank told
