Australian Bank Banishes Stuffy Atmosphere

National Australia Bank has opened a new branch location featuring free Wi-fi, iPad stations, a children's area and olfactory branding. They are planning to open another four similar locations in the first half of 2012.

Scent, and indeed, most sensory strategies are slow to come to the mostly conservative banking and financial industry, but NAB is one of a few who are proactively improving their customers' sensory experience in their branch locations.

The company worked with designer Warren and Mahoney, who worked with them to do an analysis of the best retailers worldwide and incorporate research on the science of shopping. The idea was that the bank needed to compete effectively not only with other banks but also with other retail stores for the customers' time.

NAB has chosen a Persian lime and grapefruit scent," and was chosen to align with the brand's personality. According to Steve Mott with BetterBuyDesign consulting firm, "only a small number of U.S. banks have the kind of customer-centric retail approach for which a multi-sensory strategy wouldn't feel out of place."

Maybe that is why they are having such trouble...