banking

Banking used to be about physical places. Now banking is about access points. You can access your bank via a phone, the internet, your credit card, at the supermarket via and EFTPOS machine (Electronic Funds Transfer – Point of Sale) or at a ‘hole in the wall’ (ATM = Automatic Teller Machine).
Is is any wonder banks have been closing branches? Banks traditionally were one of the biggest real estate owners in the country. Now they as become part of the electronic network they no longer need to tie up their money in property investments.