ANZ drops fees for certain services

Business, Normal

The National, Thursday 06th of March, 2014

THE ANZ Bank has exempted from paying fees its junior and senior “access every day” account holders who are under 18 years-old and above 55.
The exemption also applies to students up to 25 years old.
ANZ PNG chief executive Mark Baker said: “We are committed to providing our customers with simple, easy-to-understand and affordable banking solutions, and today’s announcement is another example of our focus on making sure we are responding to our customers’ needs.”
“Access every day” is part of “ANZ options”, a new deposit product which includes two transaction account products – “access every day”, “access premium” and two savings account products, namely “Pacific savings” and “priority cash management”.
“ANZ options” would provide customers in PNG with a range of products to suit different needs, replacing most of ANZ PNG’s existing transaction and savings products, including “access account”, “access freedom account”, “access select account” and “bonanza account”.  
Bakers said customers wanted simple and straightforward banking products and processes, so they reviewed and simplified these for customers.
Baker added: “We are also making strong inroads in finding different ways to serve and engage our customers, such as through “ANZ gomoney” and our electronic channels such as ATMs, wireless point of sale (POS) terminals and the ability to make deposits and withdrawals through our large merchant network.”