Two of the nation’s biggest banks have signed new deals to ensure regional communities have face-to-face banking services for the next decade. Two of Australia’s within post offices for the next decade. Commonwealth Bank and National to ensure Bank@Post services will be offered at postal outlets for the next ten years. Westpac is also extending its commitment to the service for the Post for a longer-term partnership.
The scheme credit card repayments, and ask about cash balances. Withdrawal limits for NAB customers using Bank@Post have been increased from $2000 to $5000, while CBA customers can access $2000 and deposit up to $6000. Australia Post executive Nicole Sheffield said the deal ensured smaller communities would have access to in the future. “The support of CBA and NAB will ensure for those communities can be maintained, and additional related services introduced to better support the needs of banking customers for the next decade,” Ms. Sheffield said.to conduct banking services at more than 3,500 local post offices and is vital to many regional communities where bank branches have closed in recent years. Customers can deposit or withdraw cash, make bill and
“The agreements will also allow us to invest further in our post office network, recognizing the valuable role ourin supporting communities across the country,” CBA said the agreement would ensure the country’s largest retail bank would still have face-to-face services in regional communities. On yearly spending on new branches and refurbishments, it was an additional investment. “We know that some customers want face-to-face banking services, and this partnership with Australia Post supports our commitment to ensuring our customers in regional Australia have ongoing access to these services at the 3500 Bank@Post outlets across the country,” CBA retail executive Angus Sullivan said.
“We have a strong relationship with Australia Post, and investing multi-millions of dollars each year for a decade in the capability, technology, and security of Bank@Post outlets builds on our priority to re-imagineeasily, safely, and securely whenever they visit a participating Australia Post outlet.” NAB personal banking executive Rachel Slade said the arrangement was vital for rural and regional customers tto have face-to-face services as an option, still
She also noted that the deal aligned the bank with how customers used banking products. “Around 260,000 NAB customers currently use NAB Bank@Post. It helps us toto banking services in more locations and adds convenience for our customers,” Ms. Slade said. “This renewed partnership provides certainty for our customers, knowing that for at least the , they will have access to essential banking services through this national network of post offices.”