Bankwest closes EVERY branch as it scraps cash and becomes ‘digital only’ – here’s what it means for you

In a shock move the Commonwealth Bank is closing all branches of its subsidiary Bankwest, which will become a digital only financial institution.

The bank’s staff and customers were told Wednesday that the remaining 60 branches would be either closed or converted to be Commonwealth Bank outlets by October and 350 impacted staff would be offered other roles.

Just 15 branches, all located in Western Australian country centres, would be converted to Commonwealth Bank centres with the remaining 45, including 28 in Perth and 17 in regional WA, to close. 

Five Bankwest branches have already been slated to close by mid-April while the Commonwealth Bank said it could not guarantee the 15 branches that swapped over will stay open beyond 2026.