The Meeting Place

Westpac closing 22 branches

Westpac is closing 22 branches around Australia as it continues to put profits before customers and staff.

Days after the banks received a slap on the wrist from the banking royal commission, Westpac is up to its old tricks, abandoning parts of its branch network in a move which will severely inconvenience thousands of customers.

Westpac plans to close branches in: 

(NSW) Flemington Markets; Pennant Hills; 591 George St, Sydney; Brookvale; Sutherland; 52 Martin Place, Sydney; The Junction; Warrawong and Balgowlah. 

(Qld) Coorparoo; Broadbeach; Beaudesert.

(Vic) Kangaroo Flat; Rosanna; Lalor; Bulleen; Corio; Altona Gate; Balaclava; and Benalla.

(SA) Hallett Cove.

(WA) Osborne Park South

“Hard on the heels of the release of the Banking Royal Commission report, these branch closures send a clear message to Westpac’s customers and staff: that Westpac cares more about profits than people,” said Finance Sector Union National Secretary Julia Angrisano.

“Now should be the time that banks turn their attention to rebuilding public trust but closing branches is a kick in the guts for the community,” she said.

“We know how hard the loss of a branch hits local residents, particularly the elderly and Westpac has left them in the lurch.”

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Also, ANZ is closing it's branch at Loganhome, Brisbane.

Our local ANZ branch in Lavington NSW has just closed its doors (6th Feb 2019). 

Our local ANZ branch in Lavington NSW has just closed its doors (6th Feb 2019). 

Our local ANZ branch in Lavington NSW has just closed its doors (6th Feb 2019). 

Our local ANZ branch in Lavington NSW has just closed its doors (6th Feb 2019). 

Bloody Banks there are as crooked as the bloody Government!

My bank has also cut the interest to 0.5% a year used to be able to ring up and get a BONUS interest every month but they have cut that out -- BUT the Government still deems us to be getting 3.5% --THERE IS NO CHANCE OF GETTING ANYWHERE NEAR THAT!

Hardly anyone walks into a bank anymore for banking services

everything can be done on line 

good on the banks for closing down expensive physical branches - save on rent associated costs and salaries - and increasing returns to shareholders 

"Hardly anyone walks into a bank anymore for banking services"

What a stupid thing to say Lottie, but what else can we expect from you. 

I once worked for a large public company who regularly gave staff the opportunity to 'comment', supposedly anonymously, on their corporate charter. 

I was obviously naive in the beginning because I remember being a little shocked to see that their first duty was to their shareholders, not to their customers.

Of course customers are important in so far as they keep the company profitable 

we don’t need bad customers , only good ones pay well for the goods and services their buy 

There are no "bad customers" numbskull, only bad banks. That's why there was a RC.

Leonie, if you asked your employee "where your first loyalty lies?" would you expect any other answer other than to the employer?

Dont you think a response like, "you come second, I want to make sure that the customer gets an advantage first."

In the usual course of events a transaction is only of use if it benefits both the customer and the business owner. A loyalty position shouldnt even enter into the transaction. 

The point is Lothario,  there are still many people that have NO idea about using a computer and don't even own one so we still need Banks --  I had to go into the bank to change the passwords on my cards as there was no other way to do it, we still have to consider people that don't use a computer -- some people just do not have the ability-- and they are not all older folk either -- I guess some people are good at different things and some are not -- I guess that goes for all of us --

Precisely!

You can't cash cheques on line, & yes, companies still use cheques for refunds

So Labors plan to charge taxpayers the cost of forcing cables into theoir homes is a waste of time and money?

Been going on for years, some banks are even removing their ATM's so makes it more difficult to get cash.

Wel what can I say other than I told you that the RC was a witch hunt. 

Obvious answer is, not to use the big 4 banks. There are plenty of smaller institutions that are very friendly and would welcome new customers and they do all the work for you re moving your business across. I haven't used a big bank for 20 years and I have managed quite well.

Apologies for all the notices, the site wasn't responding at my end.

Obvious answer is, not to use the big 4 banks. There are plenty of smaller institutions that are very friendly and would welcome new customers and they do all the work for you re moving your business across. I haven't used a big bank for 20 years and I have managed quite well.

Obvious answer is, not to use the big 4 banks. There are plenty of smaller institutions that are very friendly and would welcome new customers and they do all the work for you re moving your business across. I haven't used a big bank for 20 years and I have managed quite well.

Country areas in South Australia have aready  have lost banks. Spare a thought for the businesses who  need to banks money amd now need to either cloe earlier  to deposit  money.

That is why I am with a Credit Union and not a bank.  Much more friendlier, easy to use, employees that get to know you personallly and great & easy internet banking.  

That is why I am with a Credit Union and not a bank.  Much more friendlier, easy to use, employees that get to know you personallly and great & easy internet banking.  

Now let me see if I understand this? Last week the banks were the no.1 scourge of the planet. One finance journo suggested we should make them weaker so we have more control over them. HA HA HA, this week is a different story now we want them to have the high number of branches? Maybe even open more? Did I just enter the twighlight zone?

I havent read any of the reasons given by bank branch closures but imagine that it was totally unrelated to the BRC. These things are not planned overnight. About 20 years ago banks started selling off property that housed their branch activity but signed long term leases which made the propostion appealing. However, because these buildings were old, very old in many cases, coupled with changing technologies and modern workplace arrangements, the underlying objective appeared to be that the bank tenant would never take up the first or second lease option.  

 

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