In response to the escalating shift towards digital banking preferences, several financial institutions across Australia are set to close branches this year, marking a significant change in the landscape of traditional banking services. Commonwealth Bank (CBA) has announced the closures of their Coogee (NSW), Coolangatta (Queensland), and Adelaide's Rundle Mall (South Australia) branches. The decision, deemed "difficult," is based on progressive declines in customer transactions at these locations. The news comes after another major Australian bank also announced a wave of branch closures across the country.