The Consumer Council of Fiji applauds the decision by ANZ Bank, to remove minimum ‘spend amount’ restrictions, on ANZ EFTPOS machines, starting next month.
This means consumers can use their Local Debit Access Cards, on ANZ EFTPOS machines – to purchase goods of any value.
Consumer Council CEO Seema Shandil says the Council welcomes this newest initiative by ANZ as this will assist consumers to make the transition to a cashless economy.
She says this is particularly good news for lower-income earners who may have less than $10 on their Local Debit Access Cards but still need to purchase items with that balance.
Shandil said the minimum spend amount requirements were set by merchants and this removal by ANZ showed a willingness to make their services more consumer-friendly.
This service applies to all consumers who use ANZ EFTPOS machines regardless of whether they use cards from BSP, Westpac, HFC of Bred Bank which is very convenient for consumers.
She says, however, consumers should be aware that this only applies to Local Debit Access Cards and not to Visa Debit Cards.
She added that other banks should also consider removing the minimum spend amount of restrictions on their EFTPOS machines.
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