Australia Post has announced it has done a deal with two more Australian banks (NAB and Westpac) to help fund its banking services at the Australia Post network of post offices. This follows another link up done last week with the Commonwealth Bank that includes a $22 million Community Representation Fee.

Australia Post Group Chief Executive Officer and Managing Director Christine Holgate said: “This additional funding will enable us to invest in the Post Office network so that we can provide safe, reliable banking services, boost funding to our Licensed Post Office partners and importantly continue to support communities across Australia,”

“I would like to sincerely thank Brian Hartzer, Westpac CEO, and his team, plus Andrew Thorburn, Group CEO & MD, and the broader team at NAB for demonstrating their leadership and giving their support to the [email protected] service. In signing these agreements, they have both shown their commitment to securing the future of vital banking services which is critical to the long-term social and economic prosperity for communities across our nation.

“I have been really encouraged by the discussions with the three banks’ executive teams. We are together considering additional services for small businesses including coin floats and opening/closing accounts, as well as much more.”