An ANZ spokesperson said "only eight per cent of customers solely rely on branches for their everyday banking needs" with the majority opting to bank online.
The last of the big four to release its outlook, Westpac is now predicting the Reserve Bank of Australia (RBA) will hike rates by a 0.50 percentage point next week.
Commonwealth Bank, ANZ, Westpac, NAB all announce they'll pass on the 25 basis point rise, just hours after the RBA revealed the nation's cash rate will increase.
Under the acquisition Suncorp will continue to operate as usual with no changes to the number of branches in Queensland for at least three years after the acquisition.
Posting its half-yearly results to the market this morning, ANZ recorded a statutory net profit after tax of $3.53 billion, up 10 per cent from the previous half.
ANZ bank has hiked fixed rates for its home loan customers, joining the other "big four" banks in protecting profit margins ahead of looming interest rate margins.
A total of 19 branches across NSW, Queensland, South Australia, Victoria and Tasmania will close in 2021 as the COVID-19 pandemic speeds up consumer confidence in online banking.
Australia's big four banks are set to unveil economic stimulus measures as the Federal Government prepares its next package in response to coronavirus.
Westpac has named banking veteran John McFarlane as chairman-elect, entrusting the former ANZ boss to help steer it through the fallout of a massive money-laundering scandal.
Australians have opened their hearts and wallets in an inspiring show of support after an A Current Affair story featuring a devoted Melbourne mum and wife.