Silver Service

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

  • Good for superannuitants
  • A low-cost everyday account
  • Overdraft available1

More detail

If you receive New Zealand Superannuation or an overseas equivalent a Silver Service account can help you to be better off.

Take care of your money and pay less in fees

If you direct credit your New Zealand Superannuation or overseas equivalent into your Silver Service account, you’ll pay no transaction or monthly base fees.2 This means you can deposit and withdraw whenever you like and however you like with no monthly base fee to eat away at your hard-earned money. The usual service and facility fees still apply for things like setting up an automatic payment or having an overdraft.

Bank the way you choose

With a Silver Service account you can take care of your money by cheque, Debit card, EFTPOS, ATM, internet banking or telephone banking seven days a week, 24 hours a day3. Plus our tellers and banking advisors are ready to help you during business hours at any BNZ store, nationwide. You can also set up direct credits and automatic payments from your account, so you’ll spend less time paying the bills.

Keeping an eye on your account

You can check your account balance at an ATM or with telephone banking. Our internet banking service lets you view the details of your transactions and manage your money without having to visit the bank. We also send you monthly transaction statements, either on paper through the mail, or online – it’s up to you.

  Rates and fees
Interest rates

Credit Balance Interest Rates
Current % p.a

 View rates here

Monthly4 base or account management fee

 None
Fees

No account fees apply to the following:

 No charges for deposits and withdrawals. Service fees may apply
Manual Transaction Fee:
(Cheques5, 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
Overdraft facility fees and unarranged overdraft fees

Overdraft establishment fee

 $30.00 (Payable on establishment of facility)

Overdraft facility fee7

 $5.00 per month (Payable monthly in arrears)

Unarranged overdraft fee7

 $10.00 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. Lending criteria, establishment fee and facility fees apply.
  2. This includes transactions through BNZ ATM's, internet and telephone banking, EFTPOS,  automatic payments, bill payments, direct debits, direct credits and staff-assisted transactions.  Service fees, including fees for telegraphic transfers,apply.
  3. Maintenance sometimes required.
  4. 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.
  5. Government stamp duty charges for cheques 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.  Debit interest charges 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.

Account opening criteria apply.  Details, Standard Terms and Conditions, disclosure statement may also be obtained free at any BNZ store.