Bank customers are overwhelmingly turning to cards and electronic payment methods, and Australia's banks are clueing in. Over 1,600 bank branches have closed in the past six years — as the costs of providing cash services continue to mount. A Senate inquiry looked to address the disproportionate rate at which regional banks were closing, resulting in the publicly grilling of the bosses of the 'big four' banks. New rules are being considered by federal parliament to force banks to maintain a presence in the regions, but the banks are arguing it is not in keeping with the times. Subscribe: http://ab.co/1svxLVE

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