WBC westpac banking corporation

News: WBC Westpac Banking to refund some package customers

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    Oct 19 (Reuters) - Westpac Banking Corp (WBC) -

    • Westpac to refund some package customers
    • Would provide refunds to some customers holding 'packaged' accounts
    • Refunds expected to total about $65 million with after tax cost to co of around $45 million which will be included in co's fy17 results
    • Refunds provided after identifying that some customers did not automatically receive benefits to which they were entitled
    • Issue affected about 200,000 customers who held premier advantage packages with co
 
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