Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Westpac offers relief options to customers affected by virus

Westpac NZ is offering support to customers financially affected by the global outbreak of coronavirus.

The relief package features a range of possible support options for both business and personal customers. These may include:

- A temporary overdraft facility;
- Suspension of principal loan payments for up to three months;
- Deferred payment on business credit cards for up to three months.

Customers requiring access to term deposit funds should also get in touch to discuss options.

Westpac NZ General Manager of Commercial, Corporate and Institutional Banking, Simon Power, says the disruption to travel and trade caused by coronavirus has affected a range of New Zealand businesses.

“The outbreak has caused a lot of uncertainty in some industries, and it’s unclear when business might resume as normal,” Mr Power says.

“We want our customers in logging, tourism and other affected sectors to know that there is a range of ways we can support them through this period.

“Some personal customers may also be financially affected and they should talk to us about their situation.”

Anyone who has been affected should call Westpac on 0800 606 606 to discuss their individual needs or drop into a branch in person.

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.
 
 
 
Business