Media releases
DBS and Westpac partner to offer customers access to one of the widest ATM networks across Asia
22 April 2015
Today Westpac and DBS Bank announced a new and extended ATM network
partnership, which will now offer 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 1,100 DBS and POSB ATMs in Singapore, which is the largest bank network of ATMs islandwide.
Similarly DBS customers for the first time will enjoy access to Westpac Group’s network of 3,000 ATMs in Australia fee-free1.
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, 7,300 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 $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.
1. A 3% foreign transaction fee applies.
About Westpac
Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Today, the Westpac Group has branches and controlled entities throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York and throughout Asia. Westpac Group employs approximately 36,000 people and has three key customer facing divisions through which we serve around 12 million customers.
Westpac is recognised as one of the 20 Safest Banks in the World by Global Finance Magazine, has a strong capital position and “AA-“credit rating. Westpac was recently awarded the Best Retail Bank in Australia and Asia Pacific at the Asian Banker Excellence in Retail Financial Services, International Awards 2015.
About Westpac in Asia
With its regional Head Office in Singapore, Westpac’s goal in Asia is to both support Australian and New Zealand customers in the region, as well as provide a gateway for Asian firms and individuals with interests in Australia and New Zealand. Westpac has been operating in Asia for 40 years delivering a broad range of financial services to individuals,corporate and institutional customers with branches in Singapore, Shanghai, Shanghai Free Trade Zone, Beijing, Hong Kong, Mumbai as well as a representative office in Jakarta.
About DBS
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 250 branches across 17 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for six consecutive years from 2009 to 2014.
DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.