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flag Westpac NZ tests a basic bank account to aid those with ID challenges or in vulnerable situations.

flag Westpac NZ is testing a "basic" bank account to help those with identification challenges or in vulnerable situations access banking services. flag The account, developed with the Reserve Bank and banking industry, will be referred by community groups and Westpac’s Extra Care team. flag It aims to provide a pathway to regular banking, offering simplified transactional services. flag Westpac is also working on new processes for young people and prisoners to open accounts and is providing financial education resources.

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