YOUR SAY: Do you still use ATMs? ATMs are disappearing fast due to the adoption of digital contactless payments and the lack of profit they make for banks. Read more about why ATMs are vanishing around the country. HERE: 9News
Every week we will break down, debunk and demystify your rights as a shopper in Australia. This week we are looking at why it is becoming harder to find an ATM when you need one.
Ten years ago this shopping mall was littered with ATMs from all banks, but on this day I struggled even to find one from an independent operator.It's not you - ATMs are disappearing at a rate of knots. The latest statistics from the Reserve Bank of Australia show that on a 12-month basis, ATM withdrawals are plunging, with a 5.8 per cent drop in November of last year alone.Traditionally ATMs are not a huge profit driver for banks, compared to other products or services they offer.
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