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Westpac banking Group moves to terminate accounts because of money transfer/remittance agencies

02/01/2019

Westpac banking Group moves to terminate accounts because of money transfer/remittance agencies

NANA is aware of some Newsagents, and has recently assisted a Member who has received letters of termination of their business accounts / financial facilities (EFTPOS). The letters may have been received on one of the following letterheads; Westpac, St George Bank, Bank of Melbourne, BANK SA, RAMS and BT, which explains the termination as being a commercial decision that the Bank “ … will no longer be able to provide you with our banking and financial services.”