ATM
Transactions completed using an ATM (Automatic Teller Machine).
Average daily balances per month
Refers to the total end of day balances during the month, divided by the number of days in that month.
Branch/staff assisted transactions
Transactions completed manually eg. by a teller or a bank officer. These include cheques cashed, deposits and occasions where a bank officer completes a transfer between accounts over the phone at your request.
Cheques written
All cheques payable to other parties.
Electronic transactions
Transactions completed without the assistance of a bank officer. This excludes ATM Transactions.
Express Tower Deposits
Deposits made into an Express Deposit Tower (drop box) and then processed manually.
Freepost Deposits
Cheque deposits sent directly to the Bank utilising a Freepost Deposit envelope.
Group Balance
The total credit and debit balances from all of your qualifying Bank of New Zealand accounts (see Qualifying deposit accounts) that have the same base account number as your Farm First Transaction Account, Business Advantage Transaction Account or Ready Money Account.
Internet Banking
The online banking solution for customers with accounts that require only one person to conduct transactions. You can view account balances and transactions, pay bills, make payments to Inland Revenue and transfer funds, using any Internet-enabled computer, anytime, anywhere in the world. Read the Bank of New Zealand Internet Banking page for more information.
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 calendar month.
Qualifying deposit accounts
For calculating the average daily Group Balance are: Current Account, Business Advantage Transaction Accounts, Farm First Transaction Accounts and Farm First Call Accounts, Ready Money, Call Account, Flexi Money, Achiever Savings, Rapid Save and Term Investments. Bank of New Zealand and Managed Funds will also contribute to a Group Balance provided they are held in the same name as your Farm First Transaction Account, Business Advantage Transaction Account or Ready Money Account.
Qualifying loan accounts
For calculating the average daily Group Balance are: Farm First Lending products, Business Lending Products, Mortgage One, Standard Mortgage, Term Loans, Personal Loans, Overdraft and Rapid Repay Loans.