Fees and Charges
A close look at our personal products and services
This page was last updated on 18 April 2012.
Everyday Accounts
National Bank Freedom
Product
at a glance
|
→ Monthly account fee (waived if you deposit
$2,500 into the account each month)*
|
$5.00
|
|
→ Automated transaction fee
|
Nil
|
|
→ Manual transaction fee
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Nil
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→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater)
|
0.12%
(min $5.00)
|
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National Bank Select
Product at a glance
|
|
More information on non-standard fees which apply to this account
|
|
With National Bank Select you can apply for an overdraft if required.
(fees will apply)
|
→ Monthly account fee
(waived if average daily balance for the month is $5,000 or more)
|
$15.00
|
|
→ All transaction fees
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waived
|
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or the overdrawn balance
- whichever is the greater)
|
0.12%
(min $5.00)
|
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Thoroughbred Flexible Home Loan
Product at a glance
|
|
More information on non-standard fees which apply to this account
|
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Our lending criteria apply. The interest rate for Flexible Home Loans is subject
to change. Flexible Home Loans cannot be used for any business purpose.
|
→ Application fee (owner occupied)
|
up to $500.00
|
|
→ Application fee for all other lending
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up to 1% of the loan amount
|
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→ Monthly account fee
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$12.50
|
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→ All transaction fees
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waived
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Specialty Accounts
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WorkStart Plus
Product at a
glance
|
|
Everyday accounts
No monthly account or transaction fees for the first year on the package, then the
following fees will apply. At the end of the first year on the package we'll
recommend which account suits the way you transact.
|
|
National Bank Freedom
|
|
→ Monthly account fee
(waived when you deposit a total of $2,500 or more during the
month)
|
$5.00
|
|
→ Automated transactions
|
Nil
|
|
→ Manual transaction
|
Nil
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater.)
|
0.12%
(min $5.00)
|
|
Credit Card
No annual account fee on a new Thoroughbred or Visa Classic card for one year. This
benefit can be taken up anytime in the first year on the package.
|
|
National Bank Classic
|
|
|
→ Monthly account fee
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Nil
|
|
→ Automated transaction fee
|
$0.40
|
|
→ Manual transaction fee
|
$0.80
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater.)
|
0.12%
(min $5.00)
|
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Graduate Plus
Product at a
glance
|
|
Everyday accounts
No monthly account or transaction fees for the first year on the package, then the
following fees will apply. At the end of the first year on the package, we'll recommend
which account suits the way you transact.
|
|
National Bank Freedom
|
|
→ Monthly account fee
(waived when you deposit a total of $2,500 or more during the
month)
|
$5.00
|
|
→ Automated transactions
|
Nil
|
|
→ Manual transactions
|
Nil
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater)
|
0.12%
(min $5.00)
|
|
Overdraft
An interest-free overdraft of up to $2,000 in your first year on the Graduate Plus
account. After your first year, you will be charged interest when your account is
overdrawn within your overdraft limit. If you go over your overdraft limit,
additional fees apply.
Credit Card
No annual account fee on a new Thoroughbred or Visa Classic card for one year. This
benefit can be taken up anytime in the first year on the package.
|
|
National Bank Classic
|
|
|
→ Monthly account fee
|
Nil
|
|
→ Automated transaction fee
|
$0.40
|
|
→ Manual transaction fee
|
$0.80
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater.)
|
0.12%
(min $5.00)
|
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Freedom Years
Product at a glance
|
→ Monthly account fee
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waived
|
|
→ Transaction fees
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waived
|
→ Monthly overdraft management fee
(calculated as a percentage of the agreed overdraft limit or
the overdrawn balance - whichever is the greater)
|
0.12%
(min $5.00)
|
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Savings and Call Accounts
National Bank Ready Saver
Product
at a glance
|
→ Monthly account fee
(waived if average daily balance for the month is over $500)
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$2.00
|
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→ All deposits
|
waived
|
|
→ Automatic payments (charged
in addition to the automated withdrawal fee.)
|
waived
|
|
→ Withdrawals (automated and manual)
|
$1.00
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National Bank eSaver
Product
at a glance
|
→ Monthly account fee
|
waived
|
|
→ All deposits
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waived
|
→ Withdrawals
(one free withdrawal per month, but Premium interest rate forfeited)
|
$5.00
|
|
→Automatic payments
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waived
|
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National Bank Online Account
Product at a glance
|
→ Monthly account fee
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waived
|
|
→ All transaction fees
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waived
|
Foreign Currency Accounts
Personal Foreign Currency Transaction Account
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→ Monthly account fee
|
|
Currency
|
Fee Amount
|
|
USD
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$4.00
|
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AUD
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$4.00
|
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GBP
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£3.00
|
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EUR
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€3.00
|
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JPY
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¥350.00
|
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CAD
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$4.00
|
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Foreign Currency Investment Account
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→ Account Activity Fee
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One free withdrawal per month,
then a fee for the second and
each subsequent withdrawal
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Currency
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Fee Amount
|
|
USD
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$4.00
|
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AUD
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$4.00
|
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GBP
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£3.00
|
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EUR
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€3.00
|
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JPY
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¥350.00
|
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CAD
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$4.00
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Foreign Currency Term Deposit
|
→ No fees are charged for Foreign Currency Term
Deposits.
An adjustment to returns will apply if a Foreign Currency Term Deposit is broken
prior to maturity. Details are available from your nearest branch, or phone our
Foreign Currency Account specialist on 0800 863 863.
|
A copy of the general disclosure statement published by ANZ National Bank Limited
is available on request and free of charge from any branch of The National Bank.
All fees are subject to change. Transaction and other fees may apply.
Non-Standard Fees
Automatic Payments
|
|
Set-up
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→ via staff in branch, over telephone or Bank
Mail
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$5.00
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→ through Online Banking
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No charge
|
|
Alterations to payment
|
→ via staff in branch, over telephone or Bank
Mail
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$5.00
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→ by Phone Banking
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No charge
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→ by Online Banking
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No charge
|
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Bill Payments
|
|
Set-up payee
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→ via staff in branch, over telephone or Bank
Mail
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$5.00
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→ through Online Banking
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No charge
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Alteration to payee details
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$5.00
|
Unpaid Bill Payment
|
|
(due to insufficient funds)
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$7.50
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Special Answer
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→ Special Answer Fee
(If you are a National Bank customer seeking to deposit an ANZ
or
National Bank cheque into your National Bank transactional or savings
account your
special answer fee is waived.)
|
$25.00
|
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Cheque Stopped Payment
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$15.00
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Replacement Statement
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$4.00
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Other Bank Deposits
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Other bank deposit fee
In addition:
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$15.00
|
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→Cash deposits
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25c per complete $100 (first $3,000 free)
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→Cheque deposits
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25c per cheque (first cheque deposit free).
|
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The other bank deposit fees are waived for ANZ customers making deposits to ANZ
transactional or savings accounts. ANZ deposits are subject to standard ANZ service
charges.
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Customer Service Investigation
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$60.00 per hour
(min $15.00)
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Voucher Search
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→Provision of Cheques
(not available if processed after 2 October 2000)
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$15.00 per item
|
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→Provision of Images (for
items processed after 1 July 2000)
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$7.50 per item
(min $15.00)
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Overdrafts
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→Overdraft Application fee
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$25.00
(This applies to new Overdraft applications and applications to increase existing
limits.)
|
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→Unarranged overdraft fee
(Charged per month, if you exceed your approved overdraft limit or your account
becomes overdrawn by more than $20.00 for more than one day. This is in addition
to debit interest.)
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$15.00
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Mobile Phone Banking
|
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Txt-Banking
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→Txt Request
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No charge
|
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M-Banking
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→Alert Service
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No charge
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→One-off payment and transfers
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No charge*
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→Alert Set-up/Maintenance via M-Banking
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No charge
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→Alert Set-up/Maintenance via staff
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No charge
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*Transaction fees will apply to pay as you go accounts such as National Bank Classic.
Standard download and text fees from your mobile phone provider apply.
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ATM Fees
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→Other Bank ATM Fee
applies to each transaction and balance enquiry at any Non-National Bank and ANZ ATM (excluding TSB ATMs.) (charged in addition
to normal transaction fees)
|
$1.00
|
→Overseas ATM Fee (applies
to withdrawals from current & savings accounts.
Please note: Banks and other financial institutions who own overseas ATMs may charge
for using them. When you use the ATM, you should have to accept the fee before the
transaction is processed)
|
$5.00
|
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Travel Money
|
|
The National Bank sells:
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Foreign cash
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→Up to $NZ100 equivalent
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$7.00
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→Over NZ$100 and up to NZ$1,000 equivalent
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$12.00
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→NZ$1,000 equivalent and over
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1.1% of value
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→When debiting a Foreign Currency Account
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1.1% of NZ value
(min $12.00)
|
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The National Bank buys:
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Travellers’ cheques
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→When converted to $NZ
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$15.00
|
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→When credited to a Foreign Currency account
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$20.00
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Foreign cash
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→When converted to $NZ
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$5.00
|
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→When credited to a Foreign Currency account
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1.1% of NZ Value
(min $12.00)
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Outward Payments
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International Money Transfer
Overseas bank charges may apply
Via Branches
|
→issue
|
$25.00
|
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Via Online Banking
|
→issue
|
$20.00
|
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Via DirectLink Online
|
→issue
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$18.00
|
→amendment
|
$18.00
|
(The National Bank will make every attempt to return funds, where
the beneficiary has not already been paid)
* will be subject to exchange rate fluctuations
# A $50 fee may apply in some circumstances, please check with our staff
|
→amendment
|
$25.00*
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→enquiry
(where the beneficiary is claiming non-receipt of funds)
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$50.00 may apply#
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Bank Draft
|
→Overnight
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$30.00
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→Via DirectLink Online
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$25.00
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Inward Payments
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→Payments credited to a National Bank Account*
(in New Zealand dollars or foreign currency)
|
$15.00
|
→Payments taken in cash, bank cheque or credited
to a non-National Bank account in New Zealand dollars
|
$27.00
|
→Payments credited to a non-National Bank account
in foreign currency
|
$75.00
|
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*no fee charged for payments under NZ$75.00 equivalent
|
Foreign Cheques
|
|
Deposit of foreign cheques
|
→When credited to $NZ account
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$15.00
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→When credited to a Foreign Currency account
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$20.00
|
→Sent on collection
|
$75.00
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Image Dishonour Re-presentation Fee
|
→First request for re-presentation of each dishonoured
cheque
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waived
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→For all subsequent re-presentation requests
for each dishonoured cheque
|
$2.50
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Lending Fees
Home Loan Fees
|
Application fee (owner occupied)
|
up to $500.00
|
Application fee for all other lending
|
up to 1% of the loan amount
|
Loan Top Up fee
|
$250.00
|
Low Equity Premium
Low Equity Premium (LEP) is charged by The National Bank to cover the increased
risk associated with lending above 85% of the property's value and the costs incurred
as a result of such lending.
A low equity premium may apply where a loan amounts to over 85% of the property's value.
A registered valuer's report will also be required for lending over 80% of the property's value.
|
Loan to value ratio
|
% of the loan amount
|
→85.01-90.00%
|
0.50%
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→90.01-100.00%
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1.25%
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→Early repayment administration fee
(where lump sum payment is 5% or greater)
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$250
|
→Early repayment administration fee
(where lump sum payment is up to 5%)
|
$100
|
→ Early repayment recovery
(no early repayment recovery for floating rate loan)
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Net Present Value Calculation
|
→Redocumentation fee
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$250.00
|
→Repayment option switch fee
|
$100.00
|
→Flexible Home Loan monthly account fee
|
$12.50
|
→Flexible Home Loan unarranged overdraft fee
|
$15.00
|
Tideover Home Loan Fees
|
→Application fee
|
$500.00
|
→Extension fee
|
$500.00
|
Reserving a fixed interest rate fee
|
→Reserving a fixed interest rate
|
free
|
Security Fees
|
→Execution fee
(some transactions may also incur a consent fee)
|
$100.00
|
→Consent fee
(some transactions may also incur an execution fee)
|
$60.00
|
→Additional documents
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$10.00 per document
|
→Transfer security fee
|
$250.00
|
→Duplicate Statement fee
|
$4.00
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→Discharge fee
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$100.00
|
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Security Discharge, Execution, and Consent requests must be submitted at least 2
days prior to the day of settlement in order for the necessary documentation to
be prepared, unless an urgent settlement has been arranged.
|
Personal Loan Fees
|
→Application fee
|
$250.00
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→Top Up fee
|
$150.00
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→Duplicate Statement fee
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$4.00
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Cards
Credit and Debit Card Standard Fees
|
Thoroughbred Card
Product
at a glance
|
→Account fee
|
$50.00 per annum
|
→Joint or additional account fee
|
$10.00 per annum
|
Gold Thoroughbred Card
Product at a glance
|
→Account fee
|
$95.00 per annum
|
→Joint or additional account fee
|
$30.00 per annum
|
Visa Classic
Product at a
glance
|
→Account fee
|
$25.00 per annum
|
→Joint or additional account fee
|
$10.00 per annum
|
Visa Gold
Product at
a glance
|
→Account fee
|
$75.00 per annum
|
→Joint or additional account fee
|
$25.00 per annum
|
Freestyle card
Product
at a glance
|
→Account fee
(no charge for additional cards)
|
no charge
|
→Purchase fee
|
$5.00 per purchase
transaction (capped at $10.00
per statement month)
|
→Extended Warranty excess on each claim
|
$50.00
|
Low Interest Visa
Product
at a glance
|
→Account fee
|
$39.00 per half year
|
→Joint or additional account fee
|
$5.00 per half year
|
Platinum Visa
|
→Account fee
|
$62.50 per half year
|
→Joint or additional account fee
|
$12.50 per half year
|
Visa Debit
Product at
a glance
|
→Card fee
|
$10.00 per annum
(no charge with a Freedom account)
|
→Replacement Card fee
|
$15.00 per card
|
Credit Card Non-Standard Fees
|
→Statement copy
|
$3.00 per copy
|
→Dispute handling fee
|
$15.00
|
→Lost/Stolen card replacement
|
$10.00 per card (minimum)
|
→Urgent card fee
|
courier fee (domestic and international)
|
→Replacement card
|
$10.00 per card
|
→Late payment fee
(applies if the minimum monthly payment is not paid by the payment
due date)
|
$15.00 per month
|
→Over limit fee
(applies if you are over your credit card limit on your statement
date)
|
$15.00 per month
|
Cash Advance Fee
(on credit and debit balances)
|
Freestyle card in New Zealand
|
→National Bank and ANZ ATMs, Online and Phone Banking
|
$5.00
|
→Staff assisted
|
$5.00
|
→Other bank ATMs
(applies to each cash advance made at any Non-National Bank and ANZ ATM)
|
$5.00
|
All other personal credit cards in New Zealand
|
→National Bank and ANZ ATMs, Online and Phone Banking
|
$1.00
|
→Staff assisted
|
$3.00
|
→Other bank ATMs
(applies to each cash advance made at any Non-National Bank and ANZ ATM)
|
$3.00
|
Overseas
|
→Overseas ATM and staff assisted
(applies to all credit cards)
Please note: Banks and other financial institutions who own overseas
ATMs may charge for using them. When you use the ATM, you should have to accept
the fee before the transation is processed.
|
$5.00
|
Credit Card Optional Service Fees
|
→Currency Conversion Charge
(applies to foreign currency transactions)
|
2.5% of the $NZ amount
|
Includes transactions through the MasterCard Maestro and Visa PLUS networks.
Please note, currency conversion charges for foreign currency transactions apply
to both credit and debit cards.
ATM fees (as per Non-standard Fees section).
Cashpoint Card Standard Fees
|
→Cashpoint card fee
|
no charge
|
Cashpoint Card Non-Standard Fees
|
→Replacement card
|
$5.00 (first one free)
|
→Urgent card delivery
|
courier fee
|
→Overseas card delivery
|
courier fee
|
Cashpoint Card Optional Service Fees
|
|
Currency conversion charges apply to all foreign currency transactions
|
→Currency Conversion Charged
(applies to foreign currency transactions)
|
2.5% of the $NZ amount
|
|
Includes transactions through the Visa PLUS network
|
This charge will be disclosed as one amount per foreign currency transaction on
your account statement.
ATM fees (as per Non-Standard Fees section).
For information on fees relating to services not covered here please contact any
branch, call 0800 18 18 18
or e-mail us.
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