Westpac and NAB boost Bank@Post funding

Westpac and NAB join the Commonwealth Bank of Australia in contributing more to fund banking services at Australia Post’s network of post offices.POAAL welcomes the announcement, and urges the ANZ to join the other three major banks in committing to increased funding for banking services in post offices.Australia Post announced today that it has cancelled its contract with ANZ. The current Bank@Post agreement for ANZ will end in three months.POAAL looks forward to seeing this new funding flow through to Licensees.