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It is easier than ever before for the Commonwealth Bank to open a new branch, they no longer have the need for bricks and mortar. The CBA are the first bank to open an all app social media bank, which allows their customers to do all their banking without ever leaving the Facebook website. Facebanking, as it is affectionately known, could be how all our banking is done in the future, and the CBA have set a new benchmark in online banking.

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