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.
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