Farm First Transact

An everyday account purpose-built for agribusiness.

  • A choice of pricing plans to keep your fees down
  • Add an overdraft for financial flexibility
  • Convenient around-the-clock access to your money

More detail

Choice of fee plan keeps costs down

With Farm First Transact you can choose between two pricing plans:

  • Pay as you go, which charges a monthly base fee, then charges the normal account fees for each transaction.
  • $10 plan, which includes all your transactions4 (automatic payments, bill payments, direct debits, telephone banking and over-the-counter) each month and the five most expensive alerts.

A handy overdraft2 to help with cash flow fluctuations

You can overdraw whenever you need to, up to your pre-approved limit. What’s more, we won't charge an overdraft facility fee.

24-hour access for easy business money management

You can use internet banking, PC Banking, telephone banking, cheques, direct debits, automatic payments, EFTPOS, and ATMs. You’ll receive monthly statements by post.

Just for agribusiness

Farm First Transact is exclusive to agribusiness customers.

 Rates and fees
Charges Pay As You Go Plan $10 Plan
Interest rate

Credit Balance Interest Rates
Current % p.a

 View rates here View rates here
Fees
Monthly1 base fee $3.50 $10.00
No Account Fees apply for the following Not Applicable

All transactions each month4.

Five Text Alerts each month1. Service fees may apply.
BNZ Internet Banking* and Internet Banking for Business* 15 cents. Service fees may apply. No Charge. Service Fees may apply.
Electronic transactions:
(EFTPOS, Direct Debits, Direct Credits, Telephone Banking* ,self service transactions & Automatic Payments)		 35 cents. Service fees may apply. No Charge. Service Fees may apply.
Manual Transactions:
(Cheques written6, Freepost deposits, Store/staff assisted transactions, Express Deposit Tower deposits and ATM* (including outward and inward payments))		 65 cents. Service fees may apply. No Charge. Service Fees may apply.
Overdraft facility fee No charge No charge
The following Service Fees are included in your $10 monthly base fee:
Automatic Payments
Bill Payments
Direct Debit
Telephone Banking
Internet Banking
Transaction Service Fees
Farm First Transaction Account, Farm First Rapid Repay and Farm First Revolving Credit
Credit Balance Interest Rates
Current % p.a		 None
(except for Farm First Revolving Credit which receives 1%)
Monthly1 base or account management fee $3.50
BNZ Internet Banking* and Internet Banking for Business* 25 cents. Service Fees may apply.
Electronic Transactions:
(EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking* , self service transactions)

35 cents. Service Fees may apply.
Automatic Payments 50 cents. Service Fees may apply.
ATM* 50 cents. Service Fees may apply.
Cheques written6 65 cents. Service Fees may apply.
Freepost Deposits 65 cents. Service Fees may apply.
Store/staff assisted transactions
(includes outward and inward payments)

$1.25. Service Fees may apply.
Express Deposit Tower deposits $1.25. Service Fees may apply.
Overdraft facility fee3,5 0.15% per month
($5.00 minimum)

Need some help?

Enquire onlineFind an agri specialist 0800 955 455

Small print

  1. 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. Account fees are subject to change. Service fees apply
  2. Our lending criteria, overdraft establishment fee and an overdraft facility fee apply.
  3. Calculated on the overdraft limit or the actual overdraft utilised, whichever is the greater. Debit interest charges also apply, minimum charge $1.00.
  4. Fees for Telegraphic Transfers will still apply.
  5. This fee does not apply to Farm First Rapid Repay or Farm First Revolving Credit.
  6. Government stamp duty of 5 cents per cheque will be charged to the account when the cheque book has been issued.

* Although the Telephone and Internet Banking and ATM services will normally be available 24 hours a day, maintenance of the system is required from time to time. Accordingly, certain options may not be available for an average of three hours a week. This maintenance, however, will be carried out at times which will cause the least disruption to you.

Account opening criteria apply. Full details, terms and conditions and disclosure statement may also be obtained free of charge from a BNZ store.