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BRIEF-Westpac Banking to refund some package customers
October 19, 2017 / 4:28 AM / a month ago

BRIEF-Westpac Banking to refund some package customers

Oct 19 (Reuters) - Westpac Banking Corp-

* 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 Source text for Eikon: Further company coverage:

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