Westpac supporting customers amid WA bushfires
Westpac will provide emergency financial assistance to customers impacted by the ongoing bushfires in Western Australia.
Ross Miller, Westpac Chief Customer Engagement Officer said: “Westpac and St.George offer a range of support measures to help households and businesses who are facing an uncertain time as a result of the bushfires that have destroyed homes, businesses and farmland in the south-west and Wheatbelt regions in Western Australia.
“This is a stressful time for many families and businesses in the impacted areas and we know it’s not over yet. While safety is the priority currently, we want our customers to know when they need financial support, we have our customer teams 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. We want our customers to know we are only a phone call away if they need our help,” said Mr Miller.
Emergency support available:
- Affected customers with Westpac home loans may apply to defer repayments for up to three months.
- Affected credit card customers may apply to defer repayments to their card for up to 90 days.
- Affected customers wishing to purchase replacement goods may apply for a personal loan at a discounted interest rate with no establishment fee.
- Westpac will waive interest rate adjustments for affected customers wishing to withdraw term deposits.
- Affected customers experiencing hardship may also be offered a halt on all interest accrual on unsecured credit products for a period of up to three months.
- Affected customers with Westpac business loans may apply to defer repayments for up to three months.
- Affected businesses with existing loans can request loan restructuring without incurring the usual bank establishment fees.
- Affected business customers with merchant facilities are eligible to receive assistance, including monthly terminal access fee waivers for up to three months.
To access financial assistance:
- Westpac consumer customers can apply
