National Bank OE Package

Big trip? No big deal.

Once you make the decision to go on your OE, we can help. Our package is designed for people planning long-term travel and work overseas and offers special benefits to help you plan, save, and manage your money while you're away. You can choose from the following services and special benefits.

Before you go:

  • An initial planning session to discuss your goals and help you choose the right savings options to reach them
  • Open a Foreign Currency Transaction Account or Foreign Currency Investment Account with no monthly account fee. This gives you the flexibility to manage exchange rate risk while you're saving. While you're overseas, you can transfer money back to New Zealand without needing to convert it to New Zealand dollars
  • Open a National Bank Classic account with no monthly account fee to help you pay the bills and manage your money in New Zealand while you're away
  • Get a National Bank Travel Card and pre-load it with one of four currencies - Australian dollars, US dollars, Euro or British pounds. It's a great way to track your spending while you're away, as you are paying in the currency you are travelling in
  • Helpful information and tips on banking and travel to help you have a great OE.

We also have calculators you can use for your personal budgeting or to work our a savings plan that will achieve your goals.

While you're overseas

  • Transfer money back to New Zealand through an International Money Transfer (IMT) for a discounted inward payment fee of NZ$10 (overseas bank charges may apply and may vary). You can instruct your overseas bank to transfer money from your overseas account(s) to your NZ dollar account or Foreign Currency Account
  • Use National Bank Online Banking to managee your accounts, including paying your credit card, and to keep in touch with us from anywhere in the world. With Online Banking you can transfer money between all your National Bank domestic accounts and use secure Bank Mail to manage your Foreign Currency Accounts.

More Information on Foreign Currency Accounts

fore more information on Foreign Currency Accounts, including the Foreign Currency Transaction Account and Foreign Currency Investment Accounts, fees and charges, terms and conditions, or our Disclosure Statement, visit any branch or contact one of our Foreign Currency Account specialists on 0800 47 74 44, option 2.

Who can get the National Bank OE package?

To qualify for The National Bank OE package you need to be:

  • An existing National Bank everyday account holder and
  • Planning to combine work and travel while you're away from New Zealand

Note: The OE package is not available if you're intending to permanently live overseas.

Handy hints:

  • Keep a National Bank Classic account open while you're away to help you pay the bills and manage your money in New Zealand. You'll pay no monthly account fee
  • If you're going on your OE, you may want to arrange for someone you trust to hold your your cheque book and have authority to sign on your account. You will need to provide us with an 'authority to operate' form or 'power of attorney' document signed by you before you go. You can drop into any National Bank branch to arrange
  • Money Machine (ATM) withdrawal limits may be different overseas and fees are charged when you withdraw money from overseas ATMs
  • Banking hours and public holidays will be different too. Never rely on one source of funds when you travel - a combination of a National Bank Travel Card, some foreign cash and a National Bank credit card will mean you can pay for your expenses in most circumstances
  • Most overseas banks offer International Money Transfers, although fees will vary
  • Overseas Travel Insurance is important, so you are protected for a range of unforeseen events, including medical expenses for injuries or illness, loss of valuables or travel documents, and delayed flights or missed connections
  • You can use your National Bank credit card to make local and international phone calls at any credit card phone booths displaying the MasterCard, Visa or PLUS symbol.

How to apply

To apply for our OE package, order your travel funds, enquire about travel insurance, or make any other financial arrangements for travelling, just come into any branch of The National Bank or call us on 0800 18 18 18.

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Saving and Investment Options

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My saving and investment options

Answer the following questions to see our savings or investment options that may help you reach your goals.

Based on the information you enter, the savings and investment selector will suggest possible savings or investment options available to you through The National Bank. You can consider these options and decide which, if any, suit your circumstances.

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Answer the questions below

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  1. How much do you have to deposit or invest initially?

I have $ to deposit or invest.

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  1. How much can you save or invest on a regular basis?

I can save or invest $

Why do we ask this question?
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  1. How often will you need to access your money?






why do we ask this question?
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  1. What's your personal annual income before tax?

why do we ask this question?
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See your saving and investing options with The National Bank

Start with any of the questions on the left.

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Start by answering the questions on the left.

Each answer will generate savings or investment options for you to consider.

See below for more information on some of our other savings accounts and investments

Links

So what next?

Follow the links to learn more about the savings or investment options that have been suggested above.

When considering these options, please see the Investment Statements for The National Bank Call Fund, National Bank Term Fund and Term Deposits.

If you decide that an option is suitable for you, you can follow the links to apply for the savings account or investment. If you'd like to talk to anyone about how the above options can help you achieve your goals, email us, call us on 0800 18 18 18 or ask a staff member at any branch.

Interest rates, rates of return and fees are subject to change. Full details of all products (including applicable fees, terms and conditions) can be obtained from any National Bank branch. Read our general disclosure statement and our disclosure statement prepared under the Securities Markets Act 1988.

All suggestions are based on the correct information being provided by you. This tool is not intended to provide tax advice and you should seek independent tax advice in relation to your own situation. For information on the applicable taxes on interest or PIE income refer to the Inland Revenue (IRD) website.

* ANZ Investment Services (New Zealand) Limited is the issuer/manager of The National Bank Call Fund and The National Bank Term Fund (Funds) and The New Zealand Guardian Trust Company Limited is the trustee. The National Bank of New Zealand, part of ANZ National Bank Limited is the distributor of units in the Funds. Units in a Fund do not represent deposits or other liabilities of ANZ National Bank Limited. An investment in a Fund is subject to investment risk, including possible delays in repayment and loss of income and principal invested. No member of the ANZ National Bank Limited Group, The New Zealand Guardian Trust Company Limited or any other person guarantees (either partially or fully) ANZ Investment Services (New Zealand) Limited or the capital value or performance of any products issued by those companies.