Many Bankwest customers are still confused about the branch closures mean for them. The elderly are particularly panicky about this and the question on many peoples lips are what can they do if they want to deposit or withdraw cash?
Bankwest just recently sent out an email which shows the limits and the fees involved for various deposits and withdrawals.
Depositing cash via Commonwealth Bank ATMS
First of all, many don't realise that Bankwest is actually owned by Commonwealth Bank, so their ATMs are basically Bankwest ATMS. You can use a Commonwealth Bank ATM to deposit up to $8,000 cash into your account straight away. The machine will open up and allow you to insert a stack of notes and it will then close and count the cash. Then it will tell you how much it counted compared to how much you said there was and then you can press proceed to have it banked. The amount will show in your account straight away.
Depositing cash via Australia Post Bank@Post outlets
You can also deposit up to $8,000 via Australia Post Bank@Post outlets. Not sure if this is in addition to your $8,000 limit on the ATMs.
Withdrawing cash via Bank@Post or any "major bank"
You can also withdraw up to $2,000 from Australia Poast Bank@Post or any "major bank" ATM. This only includes ANZ, Westpac, Commonwealth Bank and NAB. Some EFTPOS outlets like Coles and Woolworths will also allow you to withdraw cash but the limits will vary from $50-$600 and this may change depending on the availability of cash to the operator at the time.
I know this seems like a strange post but I am sure I am not the only person who ends up googling this instead of trawling through past emails to find out these things.
