You are here

Sponsored advertising content

BSP Tonga to reduce fees and charges in January 2022

Nuku'alofa, Tonga

BSP TONGA Limited (BSP Tonga) will reduce fees across some of its products and services effective 1st January 2022.

In announcing the changes, BSP Tonga Country Head - Marcellina Wolfgramm Haapai noted the “reduction of fees is a significant benefit to BSP customers and is in line with the Bank’s commitment to give customers better and affordable access to their accounts - particularly, via digital banking options.”

These changes will see Pacific Standard Account electronic transaction fees reduced to $0.25 (from T$0.40); Stop Cheque notices reduced to $10.00 (from $15.00). Salary Credits, Opinions and Document Fees will be removed amongst other fees noted on the summary table below:
 

Fee Description

Current Fee

Proposed
FEE CHANGES

Pacific Standard Account

Electronic Transaction Fee

T$0.40 per transaction

Reduce to 0.25 seniti (from 0.40 seniti) per transaction

Photocopy of Document Fees

T$5.00 per document

Now FREE

Opinions

T$15.00 per opinion

Now FREE

Salary & Other Assignment

Salary is T$17.00 per assignment.

T$12.00 per other assignment

Now FREE

Stop Cheque / Payment Notice

T$15.00 per notice

Reduce to T$10.00 (from T$15.00) per

notice

Payment Order - National Reserve Bank of Tonga

T$5.00 per transfer

Now FREE

Repeat Statement from FCA - first request

T$5.00 per sheet

Now FREE

Advising Credit ~ Documentary Credit Inwards (Export Credits)

T$50.00 per Document credit

Now FREE

Across the year, BSP Tonga has made a number changes benefitting customers, including the recent reduction in its Personal Loan (Secured & Unsecured lending rate) from 18.0% to 13.0%.

These changes demonstrate the Bank’s mission to create value for its customers providing cost effective access to financial services.

ABOUT BSP

BSP Financial Group Limited (BSP) formerly Bank of South Pacific Limited, is an iconic and unique bank in Papua New Guinea and the Pacific, recognised for its strong commitment to the region. We are a major commercial banking and finance group with assets of approximately PGK28.9 billion.

BSP has the largest branch network in Papua New Guinea, Cook Islands, Fiji, Samoa, Solomon Islands, Tonga and Vanuatu with sub branches and agents in rural locations. The BSP Group employs 4000+ people across the Pacific and proudly supports the communities that we operate in, through Community Projects, Sports, Education, Health, Culture and Financial Literacy.

Our branch network is complemented by electronic banking networks that can meet the banking needs of all customers wherever we operate.

  • 70+ Branches
  • 13 Premium Service Centres
  • 40+  Sub Branches
  • 300+ Agents
  • 550+ ATMs
  • 11,000+ EFTPoS

We’re proud of our whole of bank capabilities whereby our teams in Corporate, Retail, Paramount and Treasury are able to provide solutions to our clients, drawing on our capabilities and broad presence. This capability is unmatched by our competitors. PNG and the Pacific is our home. We have knowledge, history, experience and a commitment to the region that other financial institutes cannot offer.

https://www.bsp.to

--
#6432 Sponsored advertising content. 20211201-20220101