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February 27, 2021
Business Pacific

Vanuatu: ANZ Waives International Money Transfer Fees

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by Marie Kauna – EMTV Online, Port Moresby

ANZ has been in Vanuatu since 1971 and is the country’s largest bank with two branches, 16 ATM’s and 150 staff nationwide servicing over 30,000 retail and corporate customers.

Despite its branches been affected by the cyclone, the bank continues to provided limited banking services to its customers at the disaster recovery site in Port Villa, and Luganville, Vanuatu’s northern Island of Espiritu Santo.

Last week, ANZ announced donations of AUD 70, 000 (VUV5, 800,000) to Vanuatu Red Cross Appeal Fund to support relief efforts in Vanuatu. A customer assistance package which includes suspended home loan, personal loan and small loan repayments for 60 days was also provided.

Today, ANZ announced it will waive fees for International Money Transfer into Vanuatu, while relief efforts continue to flow. The fee will apply to fund transfers that were made before 30 April 2015 by ANZ customers in 22 countries across Australia, Asia and the Pacific.

ANZ CEO, Vanuatu Charles Rickey said, “We want to help the Vanuatu community get back on its feet as quickly as possible by supporting financial contributions and outreach efforts from our customers in Australia and Asia-Pacific.”

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