Fees and Charges
A close look at our personal products and services
This page was last updated on 1 December 2009.
Everyday Accounts
National Bank Freedom
Product at
a glance
|
→ Monthly account fee
|
$5.00
|
|
→ Automated transaction fee
|
Nil
|
|
→ Manual transaction fee
|
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)
|
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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
(waived for limits up to $5,000) (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
|
|
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
|
|
→ Monthly account fee
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$12.50
|
|
→ All transaction fees |
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 Infinity
|
|
→ Monthly account fee
|
$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
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$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 Infinity
|
|
→ Monthly account fee
|
$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
|
waived
|
|
→ Transaction fees
|
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
|
|
→ All deposits
|
waived
|
|
→ Automatic payments (charged
in addition to the automated withdrawal fee.)
|
25 cents
|
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→ Withdrawals (automated and manual)
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$1.00
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National Bank eSaver
Product
at a glance
|
→ Monthly account fee
|
waived |
|
→ All deposits
|
waived
|
→ Withdrawals
(one free withdrawal per month, but Premium interest rate forfeited)
|
$5.00
|
|
→Automatic payments
|
waived
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National Bank Online Account
Product at a
glance
|
→ Monthly account fee
|
waived
|
|
→ All transaction fees
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waived
|
|
→ First bill payee set-up
|
waived
|
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→ Changes to bill-payee set-up
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waived
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Foreign Currency Accounts
Personal Foreign Currency Call Account
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→ Monthly account fee
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NZ$5.00 equivalent
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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 NZ$5 equivalent for each
subsequent withdrawal
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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 the
FCA team on 0800 270 874.
|
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
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→ via staff in branch, over telephone or Bank
Mail
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$5.00
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→ by Touchtone 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 bill 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
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Unpaid Bill Payment
|
|
(due to insufficient funds)
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$7.50
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Special Answer
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→ Same day
(plus associated direct costs e.g. Toll calls)
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$22.00
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→Overnight
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$12.00
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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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Deposits
To banks other than The National Bank
(plus normal cash handling and clearance fees)
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$15.00
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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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1% of approved limit (min $25.00, max $250.00)
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→Increase to overdraft limit
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1% of increase to limit (min $10.00, max $250.00)
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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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$10.00
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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.
|
ATM Fees
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→Other Bank ATM Fee
(applies to each transaction and balance enquiry at ASB, BNZ,
HSBC, Kiwibank and Westpac 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)
|
$7.50
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Travel Money
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|
The National Bank sells:
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→Travellers cheques
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2.1% of NZ Value
(min $15.00)
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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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$5.00
|
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→When credited to a Foreign Currency account
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$10.00
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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
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→issue
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$25.00
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→amendment
|
$25.00*
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→enquiry
(where the beneficiary is claiming non-receipt of funds)
|
$50.00 may apply#
|
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Via DirectLink Online |
→issue
|
$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
|
Bank Draft
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→Overnight
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$18.00
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→Via DirectLink Online
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$15.00
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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
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→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
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→When credited to $NZ account
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$5.00
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→When credited to a Foreign Currency account
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$10.00
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→Sent on collection
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$75.00
|
Opening Personal UK Bank Accounts (with Lloyds TSB)
Overseas bank charges may apply
|
→Account opening fee
|
$130.00
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→Account opening deposit. Issue of International
Money Transfer or Bank Draft
|
See above
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Safe Custody
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→Standard envelope
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$3.50 per quarter
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→Large envelope
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$5.00 per quarter
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→Small customer-supplied box
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$7.50 per quarter
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→Medium customer-supplied box
(shoe box size)
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$12.50 per quarter
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→Large customer-supplied box
(briefcase or larger)
|
$25.00 per quarter
|
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All fees are inclusive of GST and are charged quarterly (by direct debit) in advance
on 5 January, 5 April, 5 July and 5 October.
|
→Visits
|
$2.50 per visit
|
|
Visit fees are accrued and charged (by direct debit) in arrears on the same dates
as the storage fees above.
|
Image Dishonour Re-presentation Fee
|
→First request for re-presentation of each dishonoured
cheque
|
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
(for lending over 80% of a property's value)
Low Equity Premium (LEP) is charged by The National Bank to cover the increased
risk associated with lending above 80% of the property's value and the costs incurred
as a result of such lending.
|
Loan to value ratio
|
% of the loan amount
|
→80-80.99%
|
0.20%
|
→81-82.99%
|
0.30%
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→83-84.99%
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0.40%
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→85-86.99%
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0.50%
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→87-88.99%
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0.60%
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→89-89.99%
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0.70%
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→90-92.99%
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0.90%
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→93-95%
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1.00%
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→Over 95%
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1.25%
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→Early repayment administration fee
(where lump sum payment is 5% or greater)
|
$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)
|
Net Present Value Calculation
|
→Redocumentation fee
|
$250.00
|
→Repayment option switch fee
|
$100.00
|
→Flexible Home Loan monthly account fee
|
$12.50
|
→Flexible Home Loan unarranged overdraft fee
|
$10.00
|
Tideover Home Loan Fees
|
→Application fee
|
$500.00
|
→Extension fee
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$500.00
|
Reserving a fixed interest rate fee
|
→Reserving a fixed interest rate
|
free
|
Home Loan Low Documentation Fees
|
|
For low documentation loans, where verification of income has not been required
by the Bank, a Low Documentation Fee on a graduated scale may apply.
The amount of this fee will depend on the amount being borrowed and the proportion
which the amount being borrowed bears to the value of the property being provided as security.
|
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
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$250.00
|
→Duplicate Statement fee
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$4.00
|
Personal Loan Fees
|
→Application fee
|
$200.00
|
→Top Up fee
|
$125.00
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→Duplicate Statement fee
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$4.00
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Cards
Credit Card Standard Fees
|
Thoroughbred Card
Product at a glance
|
→Account fee
|
$45.00 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
|
$97.50 per half year
|
→Joint or additional account fee
|
free
|
Credit Card Non-Standard Fees
|
→Statement copy
|
$5.00 per copy
|
→Dispute handling fee
|
$15.00
|
→Lost/Stolen card replacement
|
$10.00 per card (minimum)
|
→Urgent new card delivery
|
courier fee
|
→Replacement card
|
$10.00 per card
|
→Overseas card delivery
|
courier fee
|
→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
|
→Telegram
|
$10.00
|
Cash Advance Fee
(on credit and debit balances)
|
Freestyle card in New Zealand
|
→National Bank and ANZ ATMs, and touchtone phone
banking
|
$5.00
|
→Staff assisted
|
$5.00
|
→Other bank ATMs
(applies to each cash advance made at ASB, BNZ, HSBC, TSB, Kiwibank,
and Westpac ATMs)
|
$5.00
|
All other personal credit cards in New Zealand
|
→National Bank and ANZ ATMs, and touchtone phone
banking
|
$1.00
|
→Staff assisted
|
$3.00
|
→Other bank ATMs
(applies to each cash advance made at ASB, BNZ, HSBC, TSB, Kiwibank,
and Westpac ATMs)
|
$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.
|
$7.50
|
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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