Westpac customers are now able to perform financial transactions at Australia Post, as the mortgage lender entered a partnership with 3,200 participating Post Offices across the country.
The new deal means the bank’s customers can conduct traditional cash withdrawals, coin, cash and cheque deposits, in-store identity checks and account balance inquiries in these post offices. These include 1,400 regional and rural locations.
The announcement comes after Westpac revealed its plans to invest $40m to build new state-of-the art Bank Now branches in more than 20 locations over the next two years.
"Australia Post is a great partner with extensive banking industry experience and a large retail footprint, so we are pleased to be able to give our customers another way to bank with us,” said group executive Westpac Retail & Business Banking, Jason Yetton.
"Banks continue to see significant take up of digital and online banking, however, some people prefer to undertake face-to-face transactions and this partnership is another way for them to do that, with a guaranteed level of service from an experienced transactional banking provider in Australia Post”.
The bank also confirmed that Westpac customers will not be charged extra fees to use the Bank@Post service. Australia Post outlets are open Monday to Friday, with a number also open on Saturday.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan