National Australia Bank will be closing another local bank branch later this year.
It is blaming the way people choose to do their banking online or over the phone for the decision to shut the Ocean Grove site.
The branch will be closed on November 30, with customers having to go to Bellarine Village for face-to-face banking.
NAB says just over 60 per cent of customers in Ocean Grove have visited the branch just once in the last year, with nearly three quarters using other locations.
The Belmont NAB was closed earlier this year.
The news come as the company confirmed more than 200 back office jobs will be cut, just a month after announcing a record profit of $1.75 billion.