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Westpac launches bid to introduce 'basic' bank accounts designed for accessibility

Author
Newstalk ZB,
Publish Date
Tue, 21 Jan 2025, 4:45pm
Photo / NZME
Photo / NZME

Westpac launches bid to introduce 'basic' bank accounts designed for accessibility

Author
Newstalk ZB,
Publish Date
Tue, 21 Jan 2025, 4:45pm

There's a growing push to make banking more accessible for the disabled - and one major bank aims to launch a solution.

A new Westpac-commissioned found nearly one in four Kiwis have a disability, and can encounter barriers to accessing accounts and services.

The bank wants to introduce a new 'basic' bank account, to help reduce numbers of people not using banking.

Chief executive Catherine McGrath says it matches a UK offering, with specific features.

"The don't have overdrafts, the types of transactions can be a bit restricted."

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