ANZ will reduce international money transfer fees from Australia to foreign countries from today.
Exchange rates have also been reduced for all ANZ offered currencies, including US dollars, Euros, New Zealand dollars, Great Britain pounds, Hong Kong dollars, Japanese yen, Philippine pesos and Indian rupees.
For Internet Banking there will be no fee for all International Money Transfers sent from Australia in a foreign currency above the equivalent of A$10,000. For transfers below that level the fee has been reduced from $18 to $12.
“Australia is one of the most digitally active nations in the world, and our customers are using electronic payment methods more than ever before,” said ANZ Group Executive Australia Fred Ohlsson.
“This decision to reduce fees and rates is great news particularly for those who regularly send money to their home countries. We’re pleased to be making these payments more affordable for our customers.”