Most don’t have a cheque book (Not suitable for those who need this but remember you can do an online payments
BEST Transaction Bank Deal in NZ:
Electronic Fees FREE
Manual transactions FREE Deposits & withdrawals in branch
free setup of automatic payments for 1st month (Other banks charge up to $2 to set each payment you have so a great deal if changing bank
No Monthly fee if you don’t get paper statements
Electronic fees FREE
Manual Transaction fees $3
No Monthly fee if don’t get paper statements.
Electronic Transaction fees FREE
(EFTPOS, Westpac ATM transfers/withdrawals, automatic payments, direct debits / credits, bill payments, online and phone banking payments)
Manual Fees $3
(Cheques, ATM deposits, deposits and withdrawals at the branch)
No monthly Fee
Electronic transactions FREE
Manual transaction fees $3
No monthly fee
Only electronic transactions
Kiwibank seems to offer the best service as you can still use over the counter services as well and it’s Kiwi Owned!
Always check the terms & conditions before you change your account to make sure the fees are better than your own account
NOTE whenever you change your bank you need to set up new automatic payments etc. Each of these are often charged even if the account is free as they are deemed special fees and so will still be charged.
Everyone hates bank fees so it’s worth knowing what each bank charges.
All are quoted in NZ$ unless stated otherwise.
NOTE: These rates are can change at any time but gives you a guide to what they have charged in the past.
There is a section called Managing Debt which can help you find ways to get support to help improve the situation.
If you are in debt what should you do?
NZ Federation of Family Budgeting Services
(or call free 0508 283 438)
Citizens Advice Bureau
who can point you in the right direction for local services available in your area.
Try not to miss a repayment if you can.
Contact your lender as soon as you can to draw up plans for repayment.
Make a budget to try to get you out of this debt. There are many budget planners online.
Prioritise your debt. Pay your mirtgage to keep the roof over your head & pay utility bills so that you can keep on the power, water etc!
Draw up a repayment plan. You can draw up a plan with your ceditors to reduce this at a rate that is suitable to both of you.
Consolidate your debts, if you can. You may be able to get a lower interest rate.
Check out here benefits you are entitled to within New Zealand:WINZ List of Benefits & Supplements
Working for Families
65 & Older or have a relative who is?
See what you/they are also entitled to at WINZ 65 & older website
You maybe surprised that you maybe entitled to benefits you didn’t know you were entitled to so always check it out.