Westpac and DBS extend partnership for ATM network access throughout Asia
(28 April 2015 – Australia) Westpac and Singapore’s DBS Bank announced a new and extended ATM network partnership, offering all their region-wide customers access to one of the widest networks of ATMs across Asia.
Westpac customers will now also be able to enjoy access to more than 1100 DBS and POSB ATMs in Singapore, which is the largest bank network of ATMs island-wide.
Similarly DBS customers for the first time will enjoy access to Westpac Group’s network of 3000 ATMs in Australia fee-free.
Jason Yetton, Westpac Group executive Retail & Business Banking said: “At Westpac, we are committed to providing customers with a seamless and easy banking experience.
“Every year some 300,000 Australians travel to Singapore and around the same number of Singaporeans travel to Australia.
“There are also around 50,000 Singaporeans living in Australia, 7300 currently enrolled in Australian universities and around 30,000 Australians living in Singapore.
“Customers from both countries will now be able to enjoy the ease and convenience of two of Asia’s most prominent ATM networks.
“Thanks to initiatives like these, and digital solutions like our Global ATM Locator application that tracks down the nearest fee-free ATM when you are overseas, we are helping customers save close to A$3.5 million in overseas ATM fees per year.”
Domenic Fuda, deputy Group head of Consumer Banking and Wealth Management, DBS, said, “At DBS, we are committed to providing our customers with greater convenience when accessing banking facilities whether they are in or out of Singapore.
“This partnership will benefit customers planning on travelling to Australia, one of the most sought after travel destinations in the region for many Singaporeans.
“For our Singaporean customers living, studying and working in Australia, this will provide fee-free ATM access to their DBS accounts.”
Westpac is the only Australian bank to be involved in the Global ATM Alliance (GAA), a network which gives travellers with a Westpac card access to more than 50,000 ATMs globally, from leading banks, including Barclays in the United Kingdom, Bank of America in the United States, Deutsche Bank in Germany and following today’s announcement DBS Bank in Singapore.