Westpac has established a partnership with Asia's CIMB Bank giving Westpac customers access to ATMs in Malaysia and Indonesia with no withdrawal fees. Customers will have access to 3300 CIMB Niaga ATMs in Indonesia and 2200 CIMB ATMs in Malaysia. The bank's global network covers the United States, the United Kingdom, France, Germany, Italy, Spain, Poland, New Zealand, Fiji, Vanuatu, Papua New Guinea, South Africa and about 20 other countries. While customers pay no withdrawal fee, a foreign transaction fee applies. Australian Defence Credit Union is the latest credit union to convert to mutual bank status. Australian Military Bank will start trading on December 1 and will be launched at the Australian War Memorial on December 4. More than 90 per cent of members voted in favour of the change at ADCU's annual general meeting last month. At September 30 ADCU had A$518 million of risk weighted assets and $78.3 million of common equity tier one capital. Three Australian banks - ANZ, CBA and Westpac - and offshore lenders JPMorgan, Royal Bank of Canada, Scotia, DBS Bank, UOB and Natixis were the backers for Hastings Funds Management and Spark Infrastructure in their A$10.3 billion bid for TransGrid, according to the AFR's Street Talk column. The consortium put forward a $5.5 billion debt package which is expected to be refinanced in bond markets early in the new year. The $10.258 billion winning bid comprised close to $4.8 billion equity, for gearing at a relatively conservative 54 per cent. JPMorgan and RBC, two of the lenders, were also the group's financial advisers and are running Spark's associated equity raising. CBA is also involved in the equity deal.