Post Offices Stay Open for Banking Until 2027

Good news for Aussies who rely on in-person banking—Australia Post has locked in fresh deals with three major banks to keep Bank@Post running across the country.

Commonwealth Bank, NAB, and Westpac have all signed updated agreements to continue offering basic banking services at 3,400 Australia Post offices, especially in rural and vulnerable communities. Together, these banks fork out nearly $90 million a year to make this happen.

And there’s more on the way—Australia Post says talks with ANZ are in the "advanced stage," with a deal expected to roll out by October 2025. Macquarie Bank and HSBC have also jumped into discussions.

So, what’s changing? Australia Post says the new agreements will introduce "standardised services" across the board, making banking more consistent for customers.

"This helps put Bank@Post on a stronger financial footing so we can keep delivering essential banking services—especially in communities where there are no other options," said Australia Post CEO Paul Graham.

The deal is also great news for the thousands of Licensed Post Offices, many of which are small, family-run businesses.

Angela Mitchell, from Australia Post’s Licensee Representative Council, reinforced how crucial these services are, especially for remote communities with limited access to cash.

"We know how important Bank@Post is for our customers, and we're committed to keeping it running," she said.

This all comes as major banks have agreed to extend a ban on branch closures until 2027—a win for regional Aussies who still prefer face-to-face banking.

"This is a big commitment to keeping regional branches open," said Anna Bligh, CEO of the Australian Banking Association (ABA).

"While more people are shifting to digital banking, banks understand that some customers still prefer in-person services, and they’re making sure those options stay available."

So, whether you're in a big city or the bush, your local post office will remain a place to handle your banking for years to come!