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Fear that older people will be marginalised by proposed closure of Kaiapoi's Westpac branch


He said the move was made following the end of Westpac’s lease there, and had taken into account a 38 per cent fall in counter transactions at the branch in the past year.
The decline in in-branch customers is a national issue, with a 65 per cent fall in the last four years, he said.
“There are now 100 log-ins to online banking for each transaction in a branch, and Covid-19 has only accelerated these trends.
“Most households in New Zealand have access to either a landline, mobile phone or computer which gives them 24-hour access to banking. We encourage customers to talk to us about their banking options.” ....

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Westpac NZ boss predicts when property investor rule change could start to bite


Westpac NZ boss predicts when property investor rule change could start to bite
4 May, 2021 05:00 PM
5 minutes to read
What impact has the LVRs and government property announcements had on lending? Photo / 123RF
Clampdowns on property lending and government changes for investors are likely to dampen the housing market but the full effect won t be known until spring, Westpac s New Zealand CEO says.
Loan to value lending restrictions
on bank lending were brought back on March 1 while, in late March, the Government announced an extension of the brightline test and the removal of mortgage interest deductibility over the next four years for investors. ....

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Far North mayor calls for banking hub as branch closures hurt


Far North mayor calls for banking hub as branch closures hurt
9 Mar, 2021 05:00 PM
6 minutes to read
ANZ recently closed its doors in Rathbone St, Whangārei and moved services to a nearby branch a few minutes walk away. Photo / Imran Ali
Photo / Supplied
ANZ recently closed its doors in Rathbone St, Whangārei and moved services to a nearby branch a few minutes walk away. Photo / Imran Ali
Photo / Supplied
Imran Ali is a reporter for the Northern Advocateimran.ali@nzme.co.nznorthernadvocat
A Northland mayor is among counterparts across the country calling on the Government to conduct an inquiry into the effects of bank closures in rural New Zealand. ....

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