Money transfer fees

ANZ reduces Pacific money transfer fees

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.