3 years ago
BANK@POST AGREEMENT WITH CBA AND NAB
MICHELLE ROWLAND MP
Labor welcomes the signing of agreements between the Commonwealth Bank and National Australia Bank to ensure Bank@Post services continue to be offered at Australia Post outlets for the next ten years.
These extensions will support the ongoing provision of banking services through Post Offices, which serve many regional communities who no longer have a local branch.
Importantly, this will provide greater certainty for Post Office licensees and an ongoing revenue source to support their sustainability.
The National Australia Bank and Commonwealth Bank should be congratulated for their commitment to regional communities seeking to access over the counter banking services.
Labor would like to see all major banks sign up to long-term agreements, given the importance of promoting access, choice and competition in retail banking services.
These extensions will support the ongoing provision of banking services through Post Offices, which serve many regional communities who no longer have a local branch.
Importantly, this will provide greater certainty for Post Office licensees and an ongoing revenue source to support their sustainability.
The National Australia Bank and Commonwealth Bank should be congratulated for their commitment to regional communities seeking to access over the counter banking services.
Labor would like to see all major banks sign up to long-term agreements, given the importance of promoting access, choice and competition in retail banking services.