Online banking swings axe on 19 Westpac branches




The axe has fallen on 19 Westpac branches throughout the country as more people do their banking online.

Westpac bank

Source: 1 NEWS

The bank has ignored protests from the community and 60 people are due to lose their jobs in both metro and rural areas.

Westpac says more than 85 per cent of service transactions take place outside of their branches, with online transactions increasing by 61 per cent over five years.

The branches are expected to close in Novemeber. They are: Kamo, Raglan, Otorohanga, Putaruru, Te Aroha, Cherrywood, Whangamata, Broadway Ave, Wainuiomata, Waikanae, Carterton, Takaka, Stoke, Fendalton Mall, Bishopdale, Gardens, Fairlie, Ranfurly and Te Anau.

ANZ announced yesterday it will close one branch.

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