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7 Jun 2025

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ANZ, BNZ, Westpac cut home loan rates - but where to from here?
Banks had already started to cut their interest rates, ahead of an expected drop in the official cash rate (OCR) on Wednesday.

Advisers dismayed at Dosh and Westpac tie-up
Mortgage advisers say they have been slapped in the face by Westpac powering fintech Dosh to offer home loans without any financial advice and giving a loyalty cashback reward of up to 0.20% over the term of a mortgage.

Asia-Pacific organisations honoured for digital transformation
Smart Communications has honoured leading Asia-Pacific firms, including ING and Westpac, with 2025 SCALE Awards for digital transformation and customer engagement.

Westpac fined $3.25m for overcharging and misleading customers after banking bungles
Westpac customers were left $6.35m out of pocket.

Westpac customers frustrated after online banking issues
The bank said, due to a technical issue, its digital banking was unavailable for a time.

Ramsay Health & Westpac win for AI innovation on Appian
Appian's 2025 Innovation Awards honour Ramsay Health Care and Westpac for pioneering AI and process orchestration to transform services and boost efficiency.

Urban areas still feeling an economic chill - Westpac report
The agricultural sector will likely carry the economy for a good part of this year, until lower interest rates filter through to boost spending and activity.

Waikato Westpac Rescue Helicopter crash caused by ‘vortex ring state’, investigation finds
It marks what may be the first crash directly caused by the phenomenon.

Westpac temporarily halts some loan applications as demand rises
The bank says it is temporarily not accepting applications from new-to-bank customers looking for loan pre-approvals via a mortgage adviser.

Westpac online banking services down
Hundreds of users have reported the issues.

Westpac adds Hindi, Samoan, Tongan languages to ATMs
Westpac has added the three language options to all 373 of its ATMs to make banking more accessible for diverse communities.

Wild is the wind blowing through RBNZ
Westpac is going boldly where no other economists have gone. It says dropping the OCR on Wednesday is likely the wrong thing to do.

ANZ, BNZ, Westpac cut home loan rates - but where to from here?
Banks had already started to cut their interest rates, ahead of an expected drop in the official cash rate (OCR) on Wednesday.

UK bank accuses Westpac of ‘critical errors’ after customer sent $158k to wrong account
Westpac denies liability, blaming the customer for keying the wrong account details.

Biggest fall in decades for household debt servicing costs
New Zealand households could be in line for one of the biggest falls in debt servicing costs in the past 30 years as the Reserve Bank cuts interest rates, says Westpac NZ.

Westpac online banking suffers glitch, apologises after customers left frustrated
Some say the glitch has meant they can't pay their bills or transfer money for petrol.

Westpac pilots mobile banking services in Southland
It's a four-wheeled solution for three towns.

Sitting back and taking a calm attitude
Westpac is sticking to its forecast of a 3.25% OCR bottom.

Another major bank brings one-year fixed home loans below 5 percent
In recent days, ANZ, Kiwibank, BNZ and Westpac have all lowered their one-year rate to 4.99 percent.

Westpac trials 'basic' bank accounts to improve accessibility
Westpac's basic bank account is designed to have simplified functionality for people who may need additional support with banking.

Major NZ bank adds Hindi, Samoan, Tongan languages to ATMs
Westpac has added the three language options to all 373 of its ATMs to make banking more accessible for diverse communities.