ANZ wants to revisit Bank@Post deal amid scrutiny of branch closures
It is the only major bank not to allow customers to access services through Australia Post. Rural branch closures will be a focus of a Senate report this week.
ANZ chief executive Shayne Elliott wants to revisit a deal with Australia Post to allow customers to bank in post offices at the same time as major banks come under increasing political scrutiny over plans to close more branches.
The impact of rural branch closures will be in focus when a Senate committee reports on Thursday. It may suggest ways to bolster Australia Post’s resourcing, including for security, computer systems and staff training.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
