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AAP
AAP
Business
Adrian Black

YOU WONT BELIEVE: Banks could join forces to save regional branches | Mind Blowing Facts

Regional Australia Bank chief executive David Heine has criticised the proposal for multi-bank hubs. (PR IMAGE PHOTO)

An alliance of regional banks and mutual funds has trashed an industry plan to use multi-bank hubs to salvage face-to-face banking in the bush, saying it will fail customers.

The Australian Banking Association wants regulator approval for regional service commitments, a trial of up to 10 regional banking hubs, a joint funding model to back them, and regional service commitments.

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