Oct 15, 2018
Update on Bank@Post
ANZ today announced its customers would still be able to use Bank@Post until 14 January 2019 despite it being unable to reach a fair extension of its contract with Australia Post.
ANZ General Manager Retail Distribution Network Paul Presland said: “We will be talking to our customers currently relying on Bank@Post about the different ways they can already do their banking remotely.
“ANZ is committed to regional Australia and we will also announce a number of additional options that will help businesses with basic banking transactions, such as cash and cheque management, early next year.
“We are disappointed we have been unable to reach a fair and proportionate agreement with Australia Post given we were prepared to pay a substantial increase to access Bank@Post in regional Australia.
“We don’t think it’s fair that with a flat access fee and our lower volumes we would be effectively paying around three to four times our biggest competitor,” Mr Presland said.