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ASB Removes Millions Of Dollars In Transaction Fees
ASB has this month removed a number of transaction fees across its personal and business accounts, including fees on Visa Debit cards, staff assisted transactions, and the establishment of personal overdrafts.
Customers across more than 800,000 accounts will benefit from the fee-free ASB Visa Debit card, saving them a combined $8 million per year. The removal of staff assisted transaction fees is expected to benefit more than 180,000 customers each year, reiterating ASB’s commitment to supporting customers in vulnerable circumstances, who are more likely to require support with their banking.
Adam Boyd, Executive General Manager Personal Banking, said: “Earlier this year we removed monthly base fees and transaction fees from a number of personal and business accounts, removing more than $14 million in account fees over the year. With the rising cost of living, we know every bit counts, and removing further fees totalling more than $8 million per year helps to put money back in our customers’ pockets.”
ASB has a range of financial wellbeing tools available to help New Zealanders with the increased cost of living, including Support Finder to help New Zealanders establish what government support may be available to them, and Card Tracker to help customers understand and manage the subscriptions they are paying for.
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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