June 30, 2021
Australia Post has announced agreements with the Commonwealth Bank of Australia and NAB to offer banking services in post offices nationally for the next decade.
An Australia Post spokesperson said the 10-year in-principle agreements with the two major banks allow Australia Post to support ongoing investment in the Bank@Post service in order to provide safe, reliable banking services in regional areas.
The agreements also supported the long-term sustainability of thousands of licensed post offices.
Australia Post Executive General Manager Nicole Sheffield said Bank@Post provided banking services at more than 3500 local post offices.
“We know how important the local post office is for so many communities and small businesses – particularly in regional areas,” she said.
“The support of CBA and NAB will ensure access to banking services for those communities can be maintained, and additional related services introduced, to better support the needs of banking customers for the next decade.”
Westpac’s contract with Australia Post has been extended for a further 12 months, and negotiations have begun for a possible longer agreement.