Farm First Transact
Choose a pricing plan to help keep your fees down, plus enjoy the flexibility of adding an overdraft, and accessing your money if or when you need it.
Choose a plan to keep costs down
Pay as you go
$3.50 base fee per month, then pay the normal account fees for each transaction.
$10 base fee includes all your transactions^ (automatic payments, bill payments, direct debits, telephone banking and over-the-counter) each month.
Manage your money and cash flow
A business overdraft could help with cash flow fluctuations. You can overdraw whenever you need to, up to your pre-approved limit. What’s more, we won’t charge an overdraft facility fee.
Rates and fees^
|Pay As You Go Plan||$10 Plan|
|Interest rate (%p.a.)|
Credit Balance Interest Rates
Farming Overdraft Base Rates
|Monthly^ base fee||$3.50||$10.00|
|No Account Fees apply for the following||Not Applicable||
All transactions each month.^
|BNZ Internet Banking and Internet Banking for Business||15 cents. Service Fees may apply.||No Charge. Service Fees may apply.|
(EFTPOS, Direct Debits, Direct Credits, Telephone Banking ,self service transactions & Automatic Payments)
|35 cents. Service Fees may apply.||No Charge. Service Fees may apply.|
(Cheques written, Freepost deposits, Store/staff assisted transactions, Express Deposit Tower deposits and ATM (including outward and inward payments))
|65 cents. Service Fees may apply.||No Charge. Service Fees may apply.|
|Overdraft facility fee||No charge||No charge|
|Same-day cleared payments||See fees|
|The following Service Fees are included in your $10 monthly base fee:
Transaction Service Fees
* Margin on application subject to BNZ lending criteria. If you go into unarranged overdraft (including if you go over your arranged overdraft limit), interest at the Bank’s Business Overdraft Base Rate plus a margin of 10.00% p.a. (unless we advise you otherwise) also applies to the debit balance. Unarranged Overdraft Fees also apply, please see our Business and Agribusiness account, service and facility fees guide for details.
Fees for Telegraphic Transfers will apply.
Lending criteria, overdraft establishment fee and an overdraft facility fee apply.
Rates and fees are subject to change.
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 month. Account fees are subject to change. Service fees apply.