When did Bankwest close?
Bankwest completed a major strategic transformation into a digital-first retail bank, a process that involved the phased physical closure of its remaining traditional branch network across Western Australia by October 2024. While the standalone physical branches wound down operations or converted into alternative Commonwealth Bank of Australia locations, Bankwest continues operating entirely as a digital brand providing online and mobile banking services.
Related FAQs
OneWest Bank was acquired by CIT Group, which subsequently merged with First Citizens BancShares.
Yes, Bankwest continues to exist as a financial institution, though it has undergone significant changes to its operational structure. While it remains a division of the Commonwealth Bank of Australia, it has transitioned into a fully digital bank.
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