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New Zealand bank charges $5 to break $20

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AUCKLAND, New Zealand, Feb. 7 (UPI) -- Business college lecturer Peter Brown was surprised when he entered an ASB bank in New Zealand to break a $20 bill, and had to pay $5 to make change.

Brown told the New Zealand Herald he thought it was an early April Fools Day prank when he was asked to spend a quarter of his $20 bill to get smaller bills, but he quickly learned it was simply bank policy.

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"I thought he was joking and I said, 'This isn't April 1, you know. You've got to be kidding,'" Brown said.

A bank officer told the newspaper the bank requires non-ASB customers to pay $5 to get change, to limit non-customers from monopolizing cashiers' time by changing large amounts of cash.

Brown said his experience has probably cost ACB any chance the bank might have had of gaining him as a customer.

"With this attitude to the currency of New Zealand and its citizens," he said, "I will not exactly be hurrying to open an account with this bank."

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