Rural bank blow

BENDIGO Bank branches could be hit hard by a new State Government purchasing contract that would see state-owned organisations close existing Bendigo accounts and open new accounts with one of the big three banks. Photo: SPEC FILE.
Spec.com.au

A NEW purchasing contract by the State Government would mean all state-owned organisations such as schools, hospitals and water boards would have to close accounts with local banks and transfer their money into one of three big banks – the Commonwealth, Westpac or NAB.

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