Public notices

If you require more information on any of these notices please visit your local BNZ store or phone 0800 269 562View Financial Markets Authority (FMA) notices.

Notification of changes to BNZ Credit Card Terms and Conditions

Effective 11 September 2015

We would like to advise our customers that we are changing the BNZ Credit Card Terms and Conditions, with effect from 11 September 2015.

Specific changes are:

  • ‘Cash Back’ has been renamed ‘Cash Rewards’.
  • Terms added to allow Cash Rewards to be paid to a selected eligible BNZ account or BNZ KiwiSaver instead of your credit card account if you choose.
  • To exclude gambling, betting and lottery transactions from purchases that are eligible to earn Reward Points.

The new BNZ Credit Card Terms and Conditions will be available from 11 September 2015.

Notification of changes to BNZ Credit Card Fees

Effective from 3 September 2015

We would like to advise our customers that we are changing two BNZ Credit Card fees, with effect from 3 September 2015.

  • For BNZ Advantage Classic customers: the account fee will decrease from $24 to $20 (both half yearly). This will take effect from the next half yearly account fee debited from your credit card account on or after 3 September 2015. 
  • For BNZ Advantage Platinum customers: removal of the spend-based account fee rebate (where if you spent more than $30,000 in 6 months, your account fee was waived). This will take effect from the next half yearly account fee debited from your credit card account on or after 3 September 2015.

If you have any questions, give us a call on 0800 275 269.

Commercial Deposit Rate interest rate changes

Effective from 21 August 2015

The following Commercial Deposit Rate (CDR) change will apply for existing customers:

ProductCurrent variable interest rate p.a.*New variable interest rate p.a.*
Commercial Deposit Rate (CDR) 2.25% 2.00%

As CDR linked account pricing will vary depending on the margin above or below the CDR that your account attracts, please contact your BNZ Partner for information on your individual pricing.

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

If you require more information please visit your BNZ Partner or phone 0800 273 916.

Call accounts, TotalMoney and BNZ Cash PIE credit interest rate changes

Effective from 17 August 2015

The following credit interest rates will apply for new and existing customers.

CallApplies toInterest Rate p.a.*
Personal OnCall $0+ 2.40%
Business First OnCall $0+ 2.40%
Farm First Call $0+ 2.40%
Private Bank Call $0+ 2.40%
Client Funds Call $0+ 2.40%

 

TotalMoney (credit funds only)Applies toInterest Rate p.a.*
TotalMoney $0-$99,999
$99,999+
0.90%
2.40%

 

PIEApplies toInterest Rate p.a.*
BNZ Cash PIE $0+ 2.50%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, TotalMoney Terms and Conditions, BNZ Cash PIE and BNZ Term PIE Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Notification of removal of Telephone Banking High user call charges

Effective from 1 September 2015

We would like to advise our customers that we're removing the Telephone Banking high user call charge with effect from 1 September 2015. The current $0.50 charge per call will no longer apply to your sixth and subsequent Telephone Banking calls made each month.

If you have any questions, give us a call on 0800 275 269 or see our service charges.

Notification of changes to Unarranged Overdraft rates for Business Transaction Accounts

Effective from 31 July 2015

Unless otherwise advised, unarranged overdrafts (including where a customer goes over their arranged overdraft limit) on the following accounts, will incur debit interest calculated on the debit balance at a rate equal to the Bank’s Business Overdraft Base Rate, plus 10.0%, calculated daily and paid monthly.

Business First Transact, TotalBusiness, TotalMoney, MyMoney for Business, Non-Profit Organisation Account, Current Account, Business Advantage Line of Credit Account, Farm First Transact, Farm First Rapid Repay and Business Advantage accounts.

Unless otherwise advised, unarranged overdrafts (including where a customer goes over their arranged overdraft limit) on the Market Connect Transact Account, will incur debit interest calculated on the debit balance at a rate equal to the Bank’s Market Connect Overdraft Base Rate plus 8.0%, calculated daily and paid monthly.

Please see your account statement for details.

HomeAdvantage MasterCard interest rate changes

Effective for statements with period beginning 11 August 2015 or later

The purchase interest rate for HomeAdvantage MasterCard credit cards is decreasing as follows.

Current purchase interest rate*New purchase interest rate*
6.49% p.a. 6.24% p.a.

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Home loan variable interest rate changes

Effective from 11 August 2015

Our variable interest rates for existing home loan customers are decreasing as follows.

ProductCurrent variable interest rate p.a.*New variable interest rate p.a.*
TotalMoney 6.34% 5.99%
Standard/Fly Buys 6.49% 6.24%
BNZ Advantage 6.49% 6.24%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Rapid Save interest rate changes

Effective from 24 July 2015

The following Rapid Save account credit interest rates will apply for new and existing customers.

ProductApplies toInterest Rate p.a.*
Base Rate $0+ 0.10%
Bonus Rate $0+ 3.55%
Maximum Potential Yield $0+ 3.65%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Transaction account interest rate changes

Effective from 24 July 2015

The following transaction account credit interest rates will apply for existing customers.

ProductApplies toInterest Rate p.a.*
Dynamic Money $0+ 1.75%
Cheque Plus $2,000 - $4,999 0.25%
Cheque Plus $5,000 + 0.50%
Flexi Money $2,500 - $4,999 0.25% 
Flexi Money $5,000 + 0.50%
Ready Money Convenience $1,000 + 0.50%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Business lending variable interest rate changes

Effective from 8 August 2015

Our variable interest rates for existing business lending customers are decreasing as follows.

ProductCurrent variable interest rate p.a.*New variable interest rate p.a.*
TotalMoney for Business 6.74% 6.59%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Notification of changes to all BNZ credit card terms and conditions

Effective 10 July 2015

With effect from 10 July 2015, we are changing Your Credit Card Terms and Conditions, BNZ Advantage Credit Card Terms and Conditions, BNZ Platinum Visa Credit Card Terms and Conditions and BNZ Limited Edition Platinum Visa Credit Card Terms and Conditions. The amended terms are in the consolidated BNZ Credit Card Terms and Conditions.

Changes include:

  • Making the terms clearer and easier to understand.
  • Consolidating the four sets of terms into one.
  • The way we treat card switches and transfers to other BNZ credit cards.
  • The ability for us to provide disclosure and communicate with you electronically.
  • The definition of ‘Eligible Purchases’ for our Reward Programmes.
  • Changes to better reflect how our Reward Programmes work.

See updated BNZ Credit Card Terms and Conditions. These are also available in BNZ stores. 

Call, TotalMoney and BNZ Cash PIE credit interest rate changes

Effective from 07 July 2015

The following credit interest rates will apply for new and existing customers.

CallApplies toInterest Rate p.a.*
Personal OnCall $0+ 2.50%
Business First OnCall $0+ 2.50%
Farm First Call $0+ 2.50%
Private Bank Call $0+ 2.50%
Client Funds Call $0+ 2.50%

 

TotalMoney (credit funds only)Applies toInterest Rate p.a.*
TotalMoney $0-$99,999
$99,999+
1.00%
2.50%

 

PIEApplies toInterest Rate p.a.*
BNZ Cash PIE $0+ 2.65%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, TotalMoney Terms and Conditions, BNZ Cash PIE and BNZ Term PIE Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Notification of changes to BNZ International Payments in Internet Banking for Business Terms and Conditions

Effective 10 July 2015

We would like to advise our customers that we are changing the BNZ International Payments in Internet Banking for Business Terms and Conditions, with effect from 10 July 2015.

The BNZ International Payments in Internet Banking for Business Terms and Conditions have been amended for new functionality which allows certain international payments to be created and processed with due dates in the future. The exchange rate used for these payments is the rate that applies on the payment due date.

Please see the updated International Payments in Internet Banking for Business Terms and Conditions for further details. If you have any questions, give us a call on 0800 275 269.

Call, TotalMoney and BNZ Cash PIE credit interest rate changes

Effective from 23 June 2015

The following credit interest rates will apply for new and existing customers.

CallApplies toInterest Rate p.a.*
Personal OnCall $0+ 2.75%
Business First OnCall $0+ 2.75%
Farm First Call $0+ 2.75%
Private Bank Call $0+ 2.75%
Client Funds Call $0+ 2.75%

 

TotalMoney (credit funds only)Applies toInterest Rate p.a.*
TotalMoney $0-$99,999
$99,999+
1.10%
2.75%

 

PIEApplies toInterest Rate p.a.*
BNZ Cash PIE $0+ 2.90%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, TotalMoney terms and conditions, BNZ Cash PIE and BNZ Term PIE terms and conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Unclaimed Money Act

The Unclaimed Money Act 1971 requires the holder of monies to pay such monies to the Crown when they become “unclaimed”.

This may include:

  • Bank cheques, travellers’ cheques, foreign currency drafts that have not been claimed or presented by the payee for over 6 years.
  • Transaction accounts (in credit) which have been inoperative for over 6 years.
  • Deposit accounts (in credit) which have been inoperative for over 25 years.

The bank is required to pay the Inland Revenue unclaimed monies in respect of bank cheques and foreign currency drafts issued by the bank in the period 01/06/2008 to 31/05/2009 including transaction account balances which have been inoperative since 31 May 2009.

If you are holding a BNZ issued bank cheque or foreign currency draft from this period, and you believe you are the true owner, please present the item to your bank for payment before 30 September 2015. If your account is inoperative, please reactivate it by undertaking transactions before 30 September 2015.

Any such monies remaining unclaimed as at 30 September 2015 will be transferred to Inland Revenue, where it will be available for the true owner to claim from 30 October 2015.

If you have any queries about how to claim monies from Inland Revenue please visit www.ird.govt.nz/unclaimed-money.

Notification of changes to BNZ Internet Banking Terms and Conditions

Effective 29th June 2015

We would like to advise our customers that we are changing the BNZ Internet Banking Terms and Conditions, with effect from 29th June 2015.

The BNZ Internet Banking Terms and Conditions have been updated to include specific clauses around the use of fingerprint technology for logins to mobile banking.

The new BNZ Internet Banking Terms and Conditions will be available from 29th June 2015.

HomeAdvantage MasterCard interest rate changes

Effective for statements with period beginning 28 June or later

The purchase interest rate for HomeAdvantage MasterCard credit cards is decreasing as follows.

Current purchase interest rateNew purchase interest rate
6.74% p.a. 6.49% p.a.

Home loan variable interest rate changes

Effective from 28 June

Our variable interest rates for existing home loan customers are decreasing as follows.

ProductCurrent variable interest rate p.a.New variable interest rate p.a.
TotalMoney 6.74% 6.34%
Standard/Fly Buys 6.74% 6.49%
BNZ Advantage 6.74% 6.49%

Home loan variable interest rate changes

Effective from 13 June

Our variable interest rates for existing revolving credit home loan customers are decreasing as follows.

ProductCurrent variable interest rate p.a.New variable interest rate p.a.
Rapid Repay 6.74% 6.49%
Mortgage One 7.15% 6.90%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

Notification of changes to BNZ Internet Banking for Business Terms and Conditions

Effective 26 June 2015

We would like to advise our customers that we are changing the BNZ Internet Banking for Business Terms and Conditions, with effect from 26 June 2015.

The BNZ Internet Banking for Business Terms and Conditions have been amended to add Audit Log Authority as a new user authority in IB4B. Audit Log Authority will allow users with Audit Log Authority to view a log of certain audit events generated by use of IB4B.

Please see the updated Internet Banking for Business Terms and Conditions for further details. If you have any questions, give us a call on 0800 275 269.

Notification of changes to BNZ Internet Banking Terms and Conditions

Effective 5 May 2015

We would like to advise our customers that we are changing the BNZ Internet Banking Terms and Conditions, with effect from 5 May 2015.

The BNZ Internet Banking Terms and Conditions have been redesigned to be clearer and easier for our customers to understand. Specific changes include:

  • Alignment with the BNZ Standard Terms and Conditions
  • New and updated sections for payments and telegraphic transfers.

For a copy of the BNZ Standard Terms and Conditions visit bnz.co.nz or any BNZ store. The new BNZ Internet Banking Terms and Conditions will be available from 5 May 2015.

If you have any questions, give us a call on 0800 275 269.

Notification of changes to GlobalPlus Credit Cards

Effective 1 May 2015

With effect from 1 May 2015, we are changing the Terms and Conditions, fees, standard earn rates and interest free days of our BNZ GlobalPlus Classic and Gold Cards, GlobalPlus Platinum Visa Card and GlobalPlus Business Visa Card.

The amended terms will be in the consolidated BNZ Advantage Credit Card Terms and Conditions which will be available on bnz.co.nz and in BNZ Stores from 1 May 2015. 

Changes include:

  • GlobalPlus Credit Cards will be called BNZ Advantage Credit Cards.
  • Cash back will be earned on BNZ Advantage Credit Cards.
  • Airpoints™ will not be earned and all references to Airpoints, Air New Zealand and GlobalPlus have been removed.
  • Required changes due to the consolidation of the 3 sets of terms.
  • The terms are clearer and easier to understand

From 1 May 2015 the fees, earn rates and interest free days on our BNZ Advantage credit cards, with a comparison to the current, will be as follows:

Classic

 CurrentFrom 1 May 2015
  Airpoints Cash back
Earn rate - Visa & Mastercard 1APD:$150 spend $1:$150 spend
Earn rate - AMEX 1APD:$100 spend $1:$150 spend
Annual fee $55 $48
Additional/joint fee $12.90 $12
Interest free days up to 44 up to 55

Gold

 CurrentFrom 1 May 2015
  Airpoints Cash back
Earn rate - Visa & Mastercard 1APD:$100 spend $1:$100 spend
Earn rate - AMEX 1APD:$67 spend $1:$100 spend
Annual fee $105 $80
Additional/joint fee $34.90 $25
Interest free days up to 44 up to 55

Platinum Visa

 CurrentFrom 1 May 2015
  Airpoints Cash back
Earn rate 1APD:$90 spend $1:$75 spend
Annual fee $200 $145
Additional/joint fee $0 $20
Interest free days up to 44 up to 55

Business Visa

 CurrentFrom 1 May 2015
  Airpoints Cash back
Earn rate 1APD:$90 spend $1:$75 spend

 

Notification to BNZ Home Loan customers

Effective 1 May 2015

GlobalPlus Home Loans are no longer available for new customers to take out, or for existing customers to switch to.

If you currently have a GlobalPlus Home Loan, we’ve written to you with more detail of the changes to your loan.

Notification of changes to BNZ Flexi Debit Visa Terms and Conditions

Effective from 17 March 2015

We would like to advise our customers that we are changing the BNZ Flexi Debit Visa Terms and Conditions, with effect from 17 March 2015.

The BNZ Flexi Debit Visa Terms and Conditions have been redesigned to be clearer and easier for our customers to understand. Specific changes include:

  • Clarification that the BNZ Standard Terms and Conditions also apply, as a BNZ Flexi Debit Visa relates directly to a transaction or savings account.
  • Updating the time period to advise Terminal, EFTPOS and Card faults from 30 days of the date of the last statement to within 60 days of the date of the transaction.

For a copy of the BNZ Standard Terms and Conditions visit bnz.co.nz or any BNZ store. The new Flexi Debit Visa Terms and Conditions will be available from 17 March 2015.

If you have any questions, give us a call on 0800 275 269.

Rapid Save credit interest rate changes

Effective from 16 February 2015

The following Rapid Save account credit interest rates will apply for new and existing customers.

Rapid SaveApplies toInterest rate p.a.
Base rate $0+ 0.10%
Bonus rate $0+ 3.80%
Maximum potential yield $0+ 3.90%

 

CallApplies toInterest rate p.a.*
Personal OnCall $0+ 2.80%
Business First OnCall $0+ 2.80%
Farm First Call $0+ 2.80%
Private Bank Call $0+ 2.80%
Client Funds Call $0+ 2.80%

 

TotalMoney (credit funds only)Applies toInterest rate p.a.*
TotalMoney $0-$99,999
$99,999+
1.15%
2.80%

 

PIEApplies toInterest rate p.a.*
BNZ Cash PIE $0+ 3.15%

* Interest rates are subject to change. Full details, Standard Terms and Conditions, a copy of our current disclosure statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store.

If you require more information please visit your local BNZ store or phone 0800 269 562

Call, TotalMoney and Cash Pie credit interest rate changes

Effective from 12 January 2015

The following Rapid Save account credit interest rates will apply for new and existing customers.

Rapid SaveApplies toInterest rate p.a.
Base rate $0+ 0.10%
Bonus rate $0+ 3.90%
Maximum potential yield $0+ 4.00%