Category: westpac

Major Australian Bank Starts Cutting Cash Services At Branches

April 7, 2023
ATMAustraliaAustralian Banksbank closuresBusiness & Marketscarbon creditcash paymentscashless societyCompanieseconomic policiesInternationalpersonal financewestpacWorld
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One major Australian bank has begun phasing out cash transactions at a number of its branches saying it is keeping up with the changing behaviour of customers. Australia and New Zealand Banking Group (ANZ)—one of Australia’s “Big Four”—revealed it would begin removing cash withdrawals and deposit services on March 30. Customers will only be allowed…

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Education Union Press for Gender Affirmation Leave at Tasmanian University

April 28, 2022
2022 electionAllianzANZANZ BankAustraliaAustralian electionAustralian federal election 2022Australian UniversityAustralian Westpac Banking CorpDeakin UniversityNational Tertiary Education UnionNorthern TerritoryTasmaniaTPGuniversity of sydneyUniversity of TasmaniawestpacwoolworthsWorld
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The National Tertiary Education Union (NTEU) and the University of Tasmania (UTAS) are “locked in a battle” after UTAS declined to comply with the union’s request to provide up to 30 days’ leave for transgender staff. The university currently offers 10 days of special leave for their staff irrespective of their gender, however, the NTEU…

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Australians to Avoid $120 Million Loss with Automatic Anti-scam System: Westpac Bank

April 10, 2022
Australiaaustralian banking associationBusiness & Economypersonal financescam transactionswestpacWorld
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A new banking system will help thousands of Australians save an estimated $120 million (US$89.3 million) annually by stopping scam transactions from fraudulent overseas sellers. Westpac, one of the “big four” banks in Australia, has announced on April 11 that it has begun automatically blocking suspicious online transactions from international retailers with high risks of…

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Australian Consumer Confidence for January Hits 30-year Low

January 19, 2022
ANZAustraliaAustralian economyBusiness & EconomyCCP Virusconsumer confidenceeconomyMelbourne InstituteRoy MorganwestpacWorld
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Australian consumer confidence plunged to its lowest January reading since 1992 and the overall lowest since October 2020, according to the ANZ-Roy Morgan consumer confidence index. January typically posts positive consumer confidence results, but it has plummeted 8.1 points to 97.9 during the second week of the month following the emergence of Omicron. Additionally, all states fell…

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Consumer Confidence Plummets as Half of Australia Enters Lockdowns

July 20, 2021
AustraliaAustralia COVID-19 lockdowncommonwealth bankconsumer confidenceconsumer confidence indexReserve Bank of AustraliawestpacWorld
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Consumer confidence experienced its sharpest weekly drop since the start of the CCP virus pandemic as states announce lockdowns one after another to contain the Delta variant of the coronavirus. Currently, over half of all Australians are now in lockdown after South Australia announced restrictions were coming into force from 6 p.m. Tuesday, after five cases were…

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Lockdown Impact on Card Spending Muted in NSW Compared to Victoria

July 7, 2021
AustraliaCommonwealth Bank of AustraliaCOVID restrictionshousehold spendinglockdownSydney LockdownsVictoria lockdownwestpacWorld
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The recent lockdown restrictions in New South Wales (NSW) have had a lower impact on spending activity in the state compared to the recent Victorian hard lockdowns. Both Commonwealth Bank and Westpac Bank data revealed that overall household card activity had not made any significant drops in NSW after the first week of restrictions. Commonwealth…

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