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Why spend your money on bank fees? When you've
got far more important things to spend your money on, like a new
CD, shoes, movie tickets, Chardonnay, lunch or lipstick.
Smart Money lets you do just that. Under 30's
pay no monthly base fee, and there's no charge for 30 electronic
transactions1 each month (Service Fees may apply).
What under 30's get with Smart
Money
- No monthly base fee
- No charge for the combined 30 most expensive
electronic transactions1 each month 2
(Service Fees may apply)3,4
- No charge for deposits into your account5
- No charge for the first two staff-assisted
withdrawals each month
- 24-hour Banking Card
What is a Smart
Money electronic transaction? Electronic
transactions are:
- Bill Payments, Automatic Payments, Direct Credits,
Direct Debits and withdrawals made electronically
- That's either by using a BNZ ATM6,
BNZ Internet Banking, or electronic transactions such as EFTPOS
or Telephone Banking7
- You'll pay no charges on 30 of these electronic
transactions each month
What fees and interest
will apply to Smart Money?
-
Normal Account
fees will apply to transactions over and above your 30
electronic transactions.
-
Account fees that are not considered to
be electronic transactions will still apply. For example these
include a monthly Overdraft8 facility fee if you
have an Overdraft on your account and a fee charged for each
cheque you write.
-
Service
fees will still apply to Smart Money. Examples of Service
fees include Automatic Payments and Bill Payment Establishment
and Amendment Fees.
-
A Service Fee will be charged if you use
another banks' ATM.
-
No credit interest is paid on this account.
-
If you get an overdraft facility, overdraft
debit interest will be charged.
What happens when
you turn 30?
Before you turn 30 we'll send you a letter to help you
decide which account is best for you to move to, and we'll manage
the change. We will automatically change your account
to our MyMoney
transaction account. Or, by the time
you're 30, you may have enough business with us to qualify for
monthly fee rebates with our Ready
Money everyday account.
Get a Smart Money account
If you don't
already have a BNZ account you'll need to bring into a BNZ
store two forms of suitable I.D. (at least one must be a
Photo I.D., such as a passport or driver's licence).
If you're an existing BNZ customer, we can switch you to
Smart Money over the phone if we already have proof of your
date of birth. |
| 1. |
Electronic Transactions
include BNZ ATM, BNZ Internet Banking, Telephone Banking,
EFTPOS, Bill Payments, Automatic Payments, Direct Debits
and Direct Credits. |
| 2. |
A ‘month’
refers to the period from the last business day of the previous
calendar month to the second to last business day of the
current month. |
| 3. |
Our Account and
Service fees brochure is available at your nearest store
and on this website. |
| 4. |
Account Fees
will apply to transactions over and above your 30 transactions. |
| 5. |
Fees for Telegraphic
Transfers will apply. |
| 6. |
Non BNZ ATM transactions
(including those using overseas ATMs) will incur Service
Fees. |
| 7. |
Although Telephone,
Internet Banking and ATM services will normally be available
24 hours a day maintenance of the system is required from
time to time. This maintenance however will be carried out
at times which will cause the least disruption to you. |
| 8. |
Our normal Lending
criteria apply. Overdraft Account Fees and Debit Interest
apply. |
| 9. |
Smart Money is
only available to personal customers who satisfy our normal
account opening criteria. |
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