Soon after, in August 2014, Westpac NZ announced that it would be releasing the world's first augmented bank app,[18] which adds layers of functionality to the digital wallet by enabling users to check account balances, view previous spending behaviours, pay bills and locate their nearest Westpac NZ branch or ATM. Westpac is a member of the Global ATM Alliance, a joint venture of several major international banks that allows customers of the banks to use their ATM card or check card at another bank within the Global ATM Alliance with no fees when traveling internationally. It is one of the largest banks in the country and has a 40% market share. These five divisions serve more than 13 million customers. A list of branches of Westpac Sydney with addresses, contacts, opening hours and available services. The Business Bank is responsible for sales and service of its small-to-medium enterprise, commercial and agribusiness customers in Australia, as well as asset and equipment finance and operates under the Westpac, St George Bank, BankSA and Bank of Melbourne brands. [34] Because of this, the Australian Greens have called for the Banksia Awards to be withdrawn from Westpac. WESTPAC BANKING CORPORATION - SYDNEY - BSB Number,SWIFT Code,BIC Code,Bank Holidays,Phone Number,Branch, Map, Address Information In early February 2012, Westpac announced plans to axe more than 400 domestic jobs and another 150 offshore jobs. The last three numbers (CCC) are the unique identifier for a branch. For example. [2] Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards. Founded in 1817, Westpac Banking is a stalwart financial institution serving clients in Australia, New Zealand, and neighboring Pacific Islands. [29][30] According to the Australian regulators, Westpac had 23 million anti-money laundering law violations. [32], In 2002 Westpac released a social impact report that outlined the bank's plan to meet international standards in the area of corporate social responsibility. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Westpac have largely ignored these claims, despite over one hundred customers leaving the company because of this issue. 1985. As of March 2018, Westpac has 14 million customers, and employs almost 40,000 people. Lending criteria apply to approval of credit products. Reinventure is mandated to invest independently of Westpac, unlike venture capital strategies led by other Australian banks. Westpac Banking Corporation operates as a major financial institution. Westpac Institutional Bank (WIB) – delivers a broad range of financial products and services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand. Consumer – responsible for sales and service to consumer customers in Australia under the Westpac, St.George, Bank of Melbourne, BankSA, BT and RAMS brands. The structure involves five key divisions including: Consumer Bank, Commercial and Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. [28], In November 2019, it was revealed that Westpac was guilty of violating anti-money laundering, child exploitation and counter-terror finance laws. Sales and service activities for business and corporate customers are conducted by relationship managers via business banking centres, internet and customer service centre channels. Westpac planned to open a retail branch in London in 2011.[21]. 2020: In April, Peter King was appointed CEO of Westpac, replacing Brian Hartzer. The company attends to approximately 14.2 million customers through about 1,150 branches and more than 2,800 ATMs. Newcastle Permanent Building Society Ltd (28), The first two numbers (AA) specify the financial institution/bank. The bank’s products and services include the following: The borrowings by Westpac occurred at the height of the global financial crisis and was part of a Federal Reserve move to stabilise financial markets globally. Full details are available on request. It is one of Australia's "big four" banks and is Australia's first and oldest banking institution. Bank accounts for migrants can be opened before people arrive in the country, and credit cards and mortgages can be approved before arrival. Follow The Money", "Westpac faces fines over 'serious and systemic' anti-money laundering breaches, AUSTRAC says", "Westpac chairman rejects pressure for more heads to roll amid money laundering scandal", "Shareholders lash Australia's Westpac over money laundering bombshell", "In pursuit of a sustainable supply chain: insights from Westpac Banking Corporation", Australian Competition & Consumer Commission, Australian Prudential Regulation Authority,, Companies listed on the Australian Securities Exchange, Financial services companies based in Sydney, Short description is different from Wikidata, Use Australian English from February 2012, All Wikipedia articles written in Australian English, Pages using infobox company using trading name, Articles with unsourced statements from June 2019, Articles with unsourced statements from October 2008, Wikipedia articles containing buzzwords from August 2019, Articles with unsourced statements from August 2019, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, 1973: BNSW becomes the corporate sponsor of the Rescue Helicopter service started by, 1975: BNSW incorporates its local business in. It is the dominant provider of banking services to small to medium business, corporate and institutional organisations, and is the banker of the New Zealand government. The division covers all consumer banking products and services under the Westpac, St George, BankSA, Bank of Melbourne and RAMS brands. [31], On 24 September 2020, Westpac and AUSTRAC agreed to a AUD $1.3 billion dollar penalty over Westpac’s breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - the largest fine ever issued in Australian corporate history. In 1861 the Bank of New South Wales opened seven branches in New Zealand. This page was last edited on 9 October 2020, at 14:43. [35], This article is about the bank. Westpac Migrant Banking has a representative office in London where accounts can be arranged, although the process can be done remotely from any country. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Along with the account number, BSB number is essential for delivering payments through the clearing system. Business and corporate customers (businesses with facilities typically up to $150 million) are provided with a wide range of banking and financial products and services, including specialist advice for cash flow finance, trade finance, automotive and equipment finance, property finance, transaction banking and treasury services. The Westpac Group is based in Sydney, Australia. Its name is a portmanteau of "Western" and "Pacific". Consumer Bank is responsible for sales and service of its 9 million consumer customers in Australia, assisting them with their everyday banking needs. Currently, Westpac NZ offers a full-service with around 1.5 million customers, 3,000 shareholders and 197 branches nationwide. The division also provides specialist services for cash flow finance, trade finance, automotive and equipment finance, property finance, treasury and auto finance loans. Funds Management operations include the manufacture and distribution of investment, superannuation products and investment platforms including Panorama, BT Wrap and Asgard. [14] It currently is the second largest bank in New Zealand, after the merger of ANZ and National Bank of New Zealand. Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia. Check the WPACAU2SXXX SWIFT / BIC code details … In the process the firm came close to insolvency, and slipped from being Australia's largest to third largest bank. The Group’s customer-facing divisions are: Conditions, fees and charges apply. Business – responsible for sales and service to micro, small-to-medium enterprises, commercial business and Private Wealth clients in Australia under the Westpac, St.George, Bank of Melbourne, BankSA, BT brands and Capital Finance. A BSB Number identifies the financial institution (bank), state and the branch to which a payment item is directed and thus called BSB (Bank-State-Branch). It serves 12.2 million customers through a network of 1,200 retail branches and more than 2,900 ATMs. The financial services offered include electronic banking (via online banking, ATMs and EFTPOS), deposit, loan, transaction accounts and international trade facilities to personal and business customers. WIB is also responsible for the Group’s Pacific Banking operations providing a full range of banking services in Fiji and Papua New Guinea. The Westpac Group is based in Sydney, Australia. Narube, S. and B.T. Commentary suggests this was an unusual move for the bank, given its relatively minor position in North America. Westpac Banking Corporation is one of the largest banks in Australia. Insurance solutions[buzzword] cover the manufacturing and distribution of life, general and lenders mortgage insurance. It serves 12.2 million customers through a network of 1,200 retail branches and more than 2,900 ATMs. Tschoegl, A.E. [19][20], This unit of both the Australian and New Zealand Bank offers banking facilities to those migrating to either New Zealand or Australia. WBC offered Samoan investors, who held the remaining shares, the same price it had paid Bank of Hawaii. [24], In 2009, a Westpac-owned entity secured US$1.09 billion from the US Federal Reserve. BT is the wealth management brand of the Westpac Group. BSB Number: Bank Details : BSB Number: 032-699 Bank Name: Westpac Banking Corporation (WBC) Branch: Structured Prod, GCM WIB Address: level 25 60 Martin Place City: Sydney State: NSW Postal Code: 2000 Phone Number: +61 2 9293 9270 BSB Number: 034-954 Bank Name: Westpac Banking Corporation (WBC) Branch: Westpac Custodian Nominees Address: Level 9 50 Pitt Street City: Sydney [33], Westpac has been criticised for backing logging operations on the Solomon Islands that destroy virgin rainforests. Edward Smith Hall was its first cashier and secretary. [22], Westpac has committed $150m to the venture capital group Reinventure with the objective to increase the impact of technology in financial markets.