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Big banks to trial banking hubs

Big banks to trial banking hubs

Posted September 30, 2019
Business

New Zealand’s largest banks will trial regional banking hubs and have agreed not to close any branches outside of main centres while the trial is under way.

The hubs will be trialled in Martinborough, Opunake, Stoke and Twizel starting early 2020.

The banking hubs will provide basic transactional services like cash withdrawals, deposits and account transfers. They will all have a multi-branded Smart ATM and online banking facility, along with a support person to provide guidance and assistance.

Excluding co-located Kiwibank/NZ Post premises - ANZ, ASB, Kiwibank, BNZ, TSB, and Westpac will not close regional branches during the trial, according to a media release sent out by the Minister of Finance Grant Robertson and Regional Economic Development Minister Shane Jones.