, Australia
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Westpac to pilot new community banking service

The bank will invest over A$65m to modernize its regional network.

Australia’s Westpac has extended its moratorium on regional branch closures and will pilot a new community banking service.

The pilot program will be launched in partnership with local councils, with plans to deliver a visiting banking service to three regional towns.

The Australian bank will also invest over $65m to renovate its existing regional network with a modern fit-out.

The Australian bank had implemented a pause on regional branch closures in 2023 and had extended its moratorium until 2030.

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