Westpac offers financial support to flood-impacted customers

The bank's customer teams are on standby and ready to respond

Westpac offers financial support to flood-impacted customers

News

By Mina Martin

Westpac Group has announced that it will provide emergency financial assistance to customers impacted by the ongoing flooding in southeast Queensland and New South Wales.

“Westpac and St George offer a range of support measures to help households and businesses who are facing an uncertain time because of the flooding that has already resulted in the tragic loss of life, as well as damaged homes and properties,” said Ross Miller, chief customer engagement officer.

During this stressful time for many families and businesses in the impacted areas, Miller said “safety should be everyone’s first priority,” and that when they need financial support, the bank’s customer teams are “standing by ready to respond.”

“We offer a range of tailored support options to help customers get back on their feet, including home and business loan deferrals and emergency credit card relief,” Miller said. “We want our customers to know we are only a phone call away if they need us.”

Affected Westpac and St George customers may apply for the following emergency support:

  • defer repayments to their card, home loans, or business loans for up to three months
  • personal loan at a discounted interest rate with no establishment fee
  • waived interest rate adjustments for withdraw term deposits
  • a halt on all interest accrual on unsecured credit products for up to three months
  • business loan restructuring without incurring the usual bank establishment fees
  • assistance, including monthly terminal access fee waivers for up to three months, for affected business customers with merchant facilities

To access financial assistance, Westpac customers can apply online or call Westpac Assist at 1800 067 497. Business customers who need support can contact their relationship manager or call Westpac Assist at 1800 067 497.

St George consumer customers can apply online or call St George Assist at 1800 629 795. Business customers who need support can contact their relationship manager or call St George Assist at 1800 629 795.

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