Business account fee rebates
Business Advantage transaction accounts are eligible for monthly account fee rebates on account transaction fees, monthly base fee and Telephone Banking call charges.
The monthly account fee rebate is determined by your average daily group balance for the month as follows:
| Group balance1,2,3 | 100% of account fees rebated each month to a maximum of:4 |
|---|---|
| $0.00 - $99,999 | $0.00 |
| $100,000 - $199,999 | 100% up to a maximum of $35 |
| $200,000 - $299,999 | 100% up to a maximum of $45 |
| $300,000 - $399,999 | 100% up to a maximum of $55 |
| $400,000 - $499,999 | 100% up to a maximum of $65 |
| $500,000 or more | 100% up to a maximum of $75 |
Rapid Repay business accounts are eligible for monthly rebates on account transaction fees, monthly base fee and Telephone Banking call charges.
| Group Balance1,2,3 | 100% of account fees rebated each month to a maximum of:4 |
|---|---|
| $0.00 - $25,000 | $0.00 |
| $25,000 - $49,999 | 100% up to a maximum of $5 |
| $50,000 - $74,999 | 100% up to a maximum of $10 |
| $75,000 - $99,999 | 100% up to a maximum of $15 |
| $100,000 - $124,999 | 100% up to a maximum of $20 |
| $125,000 - $149,999 | 100% up to a maximum of $25 |
| $150,000 or more | 100% up to a maximum of $30 |
Farm First transaction accounts and Farm First Rapid Repay accounts are eligible for monthly account fee rebates on account transaction fees, monthly base fee and Telephone Banking call charges payable under your standard account terms and conditions, and overdraft facility fees payable under your overdraft facility terms and conditions.
The monthly Customer Account Fee Rebate is determined by the average daily Group Balance for the month as follows:
| Group balance3,5,6 | 100% of account fees rebated each month to a maximum of:7 |
|---|---|
| $0.00 - $249,999 | $0.00 |
| $250,000 - $499,999 | 100% up to a maximum of $50 |
| $500,000 - $749,999 | 100% up to a maximum of $100 |
| $750,000 - $999,999 | 100% up to a maximum of $150 |
| $1,000,000 or more | 100% up to a maximum of $200 |
| Important information: Please note the Farm First transaction account is a separate product to the Farm First transact account, and that from 4 July 2005, new Farm First transaction accounts cannot be opened. Also note the Farm First transact accounts are not eligible for customer account fee rebates. |
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Small print
- Business qualifying deposit accounts are - Current Account, Business Advantage/Farm First Transaction and Call Accounts, Ready Money, Smart Money, Call Account, Flexi Money, Achiever Savings, Rapid Save and Term Investments.
Bank of New Zealand Tailored Investment Funds and Managed Funds will also contribute to a group balance provided they are held in the same name as your Ready Money transaction account. - Business qualifying loan accounts are - Business Advantage Term Loan, Business Advantage Line of Credit and Business Advantage Line of Credit and Business Advantage Overdraft, Farm First Lending products, Mortgage One, Standard Mortgages, Term Loans, Tailored Personal Loans, Revolving Credit Accounts, Overdraft and Rapid Repay Loans.
- TotalMoney, GlobalPlus Home Loans and Business First Transact and OnCall accounts do not form part of the Bank of New Zealand Group Balance for fee rebate or other purposes.
- Our usual Service Fees are not included in the Customer Account Fee Rebates
- Qualifying deposit accounts are - Current Account, Business Advantage/Farm First transaction and call accounts, Ready Money, Call Account, Flexi Money, Smart Money, Achiever Savings, Rapid Save and Term Investments.
Bank of New Zealand Tailored Investment Funds and Managed Funds will also contribute to a group balance provided they are held in the same name as your Farm First transaction account and/or your Farm First Rapid Repay account. - Qualifying loan accounts are - Farm First lending products, Business Advantage lending products, Mortgage One, Standard Mortgage, Term Loans, Tailored Personal Loans, Revolving Credit accounts, Overdraft (excluding Farm First Transact overdraft) and Rapid Repay Loans.
- If you have more than one Farm First Transaction Account and/or Farm First Rapid Repay account, then each account will automatically receive the rebate up to the applicable maximum amount specified in the table below.
