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Westpac NZ tests a basic bank account to aid those with ID challenges or in vulnerable situations.
Westpac NZ is testing a "basic" bank account to help those with identification challenges or in vulnerable situations access banking services.
The account, developed with the Reserve Bank and banking industry, will be referred by community groups and Westpac’s Extra Care team.
It aims to provide a pathway to regular banking, offering simplified transactional services.
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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Westpac NZ prueba una cuenta bancaria básica para ayudar a aquellos con desafíos de identificación o en situaciones vulnerables.