Graduate Pack

No base or transaction fees (service & facility fees apply).

  • Interest-free overdraft for first year1
  • Optional credit card
  • Low rate personal loan available1

More detail

Convenient low-cost banking

If you have successfully completed a tertiary level course of one year or more in the last 12 months, Graduate Pack helps kick-start your career with no monthly base fee and no transaction fees. Service and facility fees still apply. After 24 months your account will switch to MyMoney or Smart Money and standard account, service and facility fees will apply2.

Collect Fly Buys Points with your BNZ credit card

You can apply1 for a BNZ Classic card with a credit limit of up to $2,000. And if you link your card to Fly Buys you’ll automatically collect Fly Buys Points3 on every purchase you make with your card.

Interest-free overdraft for the first year

With Graduate Pack you can apply1 for an unsecured overdraft of up to $2,000. There’s no establishment fee4 and for the first year of Graduate Pack the overdraft is interest free.

Get a personal loan with a discounted interest rate

If you need to borrow to cover some larger expenses you can apply1 for an unsecured personal loan5 of up to $15,000. There’s no loan facility fee and you’ll receive a discounted interest rate for the life of your loan, up to five years.

Easy, convenient access to your money

With Graduate Pack there’s no limit to how you can manage your money. Telephone and internet banking, ATMs, EFTPOS are all included as electronic transactions. You can have a cheque book facility for $1 a month and our tellers and banking advisors are ready to help at any BNZ store, nationwide. You also have the option of direct debits and bill payments, plus you can choose to have your income paid directly into your account.

Avoid nasty surprises - get text or email alerts

You can set alerts6 to tell you when a transaction has gone through, how much money you have or when you’re nearing your limit. And by setting ‘do not disturb’ times you won’t be woken up by an alert. Our internet banking service puts you in control of your alerts; you can change them as often as you choose.

  Rates and fees
Interest rates
Credit Balance Interest Rates
Current % p.a		 View rates here
Monthly7 base or account management fee None
Fees
No account fees apply to the following: No charges for deposits8, Electronic, BNZ ATM and BNZ Internet Banking transactions. Service Fees may apply.
Manual Transaction Fee:
(Cheques10, Store and Staff Assisted transactions).		 No charge. Service Fees may apply
Electronic Transaction Fee (Internet, Electronic (including EFTPOS, Direct Debits and Telephone Banking), Automatic Payments9 and ATM transactions) No charge. Service Fees may apply
Overdraft facility fees and unarranged overdraft fees
Overdraft establishment fee No Facility Fee for overdraft establishment. Other Facility Fees may apply (Payable on establishment of facility)
Overdraft facility fee11 $2.00 per month (Payable monthly in arrears)
Unarranged overdraft fee11 $2.00 per month (Payable monthly in arrears for overdrawn balances greater than $20)

Next steps

Apply online nowFind a store 0800 275 269

Small print

  1. Our lending criteria apply. For lending, evidence is required of full-time employment and of your New Zealand residency if you arrived here in the last five years.
  2. On expiry individual Graduate Pack customers with a confirmed age of less than 30 years will automatically roll to Smart Money.  Other customers and joint customers will automatically roll to MyMoney.
  3. Fly Buys Terms and Conditions apply.
  4. Overdraft facility fees apply.
  5. No Fly Buys points can be collected as part of the Graduate Pack Advanced personal loan.
  6. Text Alerts cost 25c.
  7. Fees are charged on the last business day of each calendar month and are based on the period between the last business day of the previous calender month and the second to last business day of the current month, inclusive.
  8. Fees for Telegraphic Transfers will still apply.
  9. Payments into your account from other parties by way of BNZ Internet Banking, Automatic Payment or ATM are classed as Electronic Transactions.
  10. Government stamp duty of 5 cents per cheque will be charged to the account when the cheque book has been issued. Cheque book facility fee of $1 per month applies.
  11. Debit interest charges may also apply, minimum charge $1.00.

* 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.

To be eligible for Graduate Pack, you have completed a tertiary level course or qualification (must have had a minimum duration of one year) within the last twelve months, and have your income credited directly into your Graduate Pack account.

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