Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ANZ, Dr Horn need challenging

Bank Customer Action Collective
Coordinator Suzanne Baker (07) 5781406
Spokesman Gray Eatwell (025) 329491

Media Release

ANZ, Dr Horn need challenging

How far removed from his customers is Dr Horn, Managing Director of the ANZ Banking Group?

Many customers of ANZ pay fees in the hundreds of dollars per month. These customers have never demanded the high cost services as Dr Horn suggested they have.

Nobody on wages can realistically afford the amounts they are being charged by ANZ Bank. From a recent example of a working couple from South Westland, with an ANZ account, fees for one month of $104 84 were charged. These customers can not access the cheap fees quoted by Dr Horn as their branch has been closed.

The account is now managed from Wellington at the banks choice, not the customer's, but it is the customer that pays.

Why don't they change Banks they all say.

Not so easy, as the couple have a loan with ANZ and a bank change would be too costly for them.(Most banks start up fees are beyond their limited resources.)

If Dr Horn honestly believes that real people can have the privilege of accessing their own money through his bank for the price of a cup of coffee we suggest be advises his "important" customers of how they can actually achieve this.

We fail to understand the concern as a "taxpayer" Murray Horn has, when we consider his banks massive profits, that are extracted from his bank's customers, which are all going out of New Zealand to the benefit ANZ's overseas shareholders.

The Business Roundtable may be sucked in by Dr Horns article, but we doubt many of his customers will be, particularly the many customers ANZ inherited from the old POSB and those locked in by "Yes" Mortgages or fancy personal loans.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>


Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>