I would expect that they pay for the right to occupy space, the same as every other lessee in a shopping centre.
Banks have probably looked at the value they get out of renting space for and providing and servicing an ATM, and decided that it is not profitable in cases where the private supplier does find it profitable. This is for one obvious reason: if a bank charges its own customers a fee to use its own ATM the screams will be heard from South East Tasmania to Canberra! That is, a bank will by nature of its business not be able to collect fees from 100% of the ATM transactions, where a private operator can. So the space is worth more to the private operator, thus from the lessor’s position they are a better (more profitable) choice of tenant.
I suspect that shopping complex rents have been going through the roof over the last few years. My local shops (not a complex, more an aggregation) have had all sorts of realignments, with many long-term tenants either closing down entirely (the flower shop), changing ownership (the coffee shop), or moving to a less attractive location (the hairdresser, the takeaway (which was replaced in turn by a Subway)). Speaking to some of the tenants, rents have been rising steadily - but the centre’s amenity does not seem to have risen with them, it is all being taken as profit.
So Australian commercial leases, already some of the most expensive in the world [Citation forgotten] and part of the reason Gerry A. Harvey doesn’t want to compete with an international market, are becoming even more expensive.
*The ‘A’ is for Atrick - his father was allegedly a passionate fan of cricket who was in Johannesburg and watched Tom Goddard take his famous hat trick, while his mother really wanted him to be named for her great-aunt Patrick.
**Yes, there is another explanation for his middle name.
I cannot think of a market-driven way to get the banks back into shopping centres - it is probably something that would have to be legislated. Good luck with that, when we can’t even get a banking royal commission!
In fact, I would suggest that the real area of enquiry in this instance should be into how major supermarket chains can afford to perform banking transactions without even selling anything, while last I heard the corner store has to pay a bank $0.05 - $0.10 per card transaction, whether or not they make a sale!