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ASB Decreases Merchant Services Fees To Further Support Kiwi Businesses
ASB welcomes the Government’s announcement today that it will consult on merchant services fees and has immediately moved to implement a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation. The rebate announced today will be back dated to 1 December 2020.
ASB’s Executive General Manager Business Banking Tim Deane says, “Merchant services fees are a complex eco system involving multiple financial services parties. A large portion of the fee relates to interchange fees over which ASB has little control, which is why it’s timely, necessary and welcome for the Government to provide overarching direction to the industry via this consultation.”
“ASB is committed to backing Kiwi businesses in these challenging times. We’re pleased to be able to put more money in the hands of our business customers at what is a crucial time in the trading year. We know every bit counts after such a tough year.”
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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