ANZ reduces Pacific money transfer fees

ANZ Bank has reduced its money transfer fees from New Zealand to four more Pacific island countries.

The fees for transfers to Fiji, Solomon Islands, Cook Islands and Kiribati have been lowered by 60 percent, from 18 NZ dollars to seven dollars.

The ANZ's Paul Goodwin said the bank now knows how important the transfers are to local communities.

The bank said the change comes after its "successful trial" of the lowered fees to send money to Samoa, Vanuatu and Tonga which began in May last year, which it says will continue.

In June ANZ lowered the fees from Australia to Fiji, Samoa, Vanuatu, Kiribati and Tonga.

Many seasonal workers in Australia and New Zealand send money back to their families using bank transfer systems.



Photo: RNZ / Claire Eastham-Farrelly