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AAP
AAP
Business
Stephanie Gardiner

Westpac sanctioned over 'serious' bank closure breach

Westpac has been sanctioned for "serious and systemic" breaches of its code obligations. (Kelly Barnes/AAP PHOTOS)

Westpac exposed its customers to a "high risk of harm" when it suddenly closed an outback branch, leaving hundreds of people to rely on a local charity to access cash, a banking watchdog has found.

The bank closed its branch in Tennant Creek, in the Northern Territory, in September 2022, at first telling the community the closure was temporary.

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