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

 

Loan Society Launches New Card & Internet Services


Loan Society Launches New Card and Internet Services

Loan and Building Society (LBS) customers with sufficient savings or mortgages will pay no fees on purchases with their new Eftpos cards, or for internet banking transactions with the society.

LBS launched both products this week, with the no-fees incentive aimed at rewarding customer loyalty to the NZAX-listed building society. The general manager, John Moore, said a standard fee would apply on ATM transactions, but no fees will be charged to pre-approved customers for general Eftpos or internet transactions.

"A lot is said about improving banking services for customers, but seldom are the costs of banking actually reduced for them," he said.

"In providing our customers with convenient electronic card and internet banking facilities, we believe they should also be able to enjoy tangible benefits."

The new internet banking service enables LBS clients to transfer funds and pay accounts on a next-day basis, with a high level of personal security for users," Mr Moore said.

Ashburton-based LBS is a retail-funded mortgage lender with mainly South Island customers in farming, commercial and private sectors. It was one of the first companies to list on the Alternative Exchange six months ago.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>