Dynamic Money

Earn interest on your monthly credit balance.

  • Good for kids and teenagers
  • No base or transaction fees1
  • Earn interest on monthly credit balance

More detail

Bye bye to basic fees

With Dynamic Money, if you're under 19, you'll pay no monthly base fee and no transaction fees. That means no charge for using BNZ ATMs, EFTPOS, internet banking, or your first five telephone banking calls per month2. And once they're set up, pay nothing for automatic payments, bill payments, direct debits, direct credits and staff-assisted transactions (service fees apply).

Interest on credit balances

Interest is paid monthly on your average monthly credit balance3. If you don't spend it, your money will grow.

An EFTPOS or debit card if you're over 13

If you're over 13, your parent or guardian can arrange for you to operate your Dynamic Money account on your own. This includes having your own Eftpos card.

Easy Vodafone top-ups

If your Vodafone mobile is able to HotLink4, you can use Dynamic Money to top up your phone - all you need is an Eftpos card. So easy!

  Rates and fees
Interest rates
Credit Balance Interest Rates
Current % p.a		 Rates ($0+)
Monthly2 base or account management fee None
Fees
No account fees apply to the following: No charges for deposits to the account5, staff assisted transactions, BNZ ATM, BNZ Internet and Electronic Transactions and Automatic Payments each month (non-BNZ ATM transactions not included) Service fees may apply
Manual Transaction Fee:
(Cheques7, Store and Staff Assisted transactions).		 No charge. Service fees may apply
Electronic Transaction Fee (Internet, Electronic (including EFTPOS, Direct Debits and Telephone Banking), Automatic Payments6 and ATM transactions) No charge. Service fees may apply

Next steps

Apply online nowFind a store 0800 275 269

Small print

  1. This includes transactions through BNZ ATMs, Internet banking, telephone banking, EFTPOS, automatic payments, bill payments, direct debits, direct credits and staff assisted transactions. Service fees, including fees for telegraphic transfers apply.
  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 calendar month inclusive.
  3. The average monthly credit balance is the sum of the end of day balances for the month divided by the number of days in the month.
  4. BNZ 24 Hour Banking Terms and Conditions apply. Service fees may apply when using Hotlink™ to top up your mobile phone. Vodafone's standard connection terms and conditions apply. Flexi Debit Visa and some Vodafone mobiles cannot be linked to Hotlink.
  5. Fees for Telegraphic Transfers will still apply.
  6. Payments into your account from other parties by way of BNZ Internet Banking, Automatic Payment or ATM are classed as Electronic Transactions.
  7. Government stamp duty charges for cheques apply.

* 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.

Our lending criteria and account fees apply.  Details, Standard Terms and Conditions, disclosure statement may also be obtained free at any BNZ store.