This change will be rolled out to more than 1,700 Armaguard 'atmx' cash points in the coming weeks, including more than 500 regional, rural and remote locations. 

Westpac personal and business transaction customers as well subsidiaries including St.George, BankSA and Bank of Melbourne are all eligible to receive fee-free access. 

Westpac Chief Executive Consumer and Business Banking Chris de Bruin noted the new partnership builds on Westpac’s strategy to offer customers more ways to do their banking.

“While the way Australians are banking is changing, access to cash remains important for some consumers,” Mr de Bruin said. 

“Through our agreement with Armaguard, we’re providing a significant increase in the number of locations where our customers can withdraw cash fee free and check their balances to help them stay in control of their spending, including in locations where we do not have a physical presence.” 

Westpac’s agreement with Armaguard sees the bank now offer the largest combined fleet of fee-free ATMs across Australia’s four major banks at 7,000 locations nationwide. 

This comes as RBA March data revealed Aussies continue to withdraw higher denomination banknotes as a precaution or store of wealth, as well as macroeconomic factors. 

While ATM withdrawal numbers are generally at historic lows, the average value of withdrawals has risen sharply since Covid, as seen in the graph below.

ValueofBanknotes.JPG

Where can Westpac customers make fee-free cash withdrawals and balance enquiries?

Westpac Group personal and business transaction account customers can make fee free cash withdrawals and balance enquiries in Australia at the following ATM locations:

  •     On-site Westpac, St.George, BankSA and Bank of Melbourne bank ATMs.
  •     atmx branded ATMs.
  •     Precinct branded ATMs.
  •     Any CBA, NAB or ANZ ATM.

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        All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of June 16, 2024. View disclaimer.

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