ASB scraps monthly fees on various business and personal accounts

ASB scraps monthly fees on various business and personal accounts
ASB CEO Vittoria Shortt said every little cost cut helps. (Image: Supplied)
Jenny Ruth
ASB Bank is scrapping a raft of monthly fees on various business and personal accounts in a move that it says will cost it more than $14 million a year.The bank, which is owned by Commonwealth Bank of Australia, said it is the first major New Zealand bank to completely remove monthly base fees and self-service transaction fees on advertised business transaction accounts.The fee removal from Feb 1 covers 12 business accounts and two personal accounts and chief executive Vittoria Shortt said more than 120,000 businesses and 40,000 personal accoun...

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