Account Fees
Effective: 1 November 2019
Transaction Accounts – Fees
Everyday Account | Bill Pay Account | |
---|---|---|
Account handling fee (monthly) | $5 | FREE |
Savings Accounts – Fees
Goal Saver | Loyalty Saver | Christmas Saver | Success Saver | Kids Cash Saver | |
---|---|---|---|---|---|
Account handling fee (monthly)
| FREE | FREE | FREE | FREE | FREE |
Special Conditions | Only Funds NOT securing a Loan can be withdrawn | Funds available 1 December to 31 January | |||
Withdrawal with 14 days’ notice | FREE | ||||
Withdrawal with less than 14 days’ notice (per Withdrawal) | $20 | ||||
Break Fee (per Withdrawal) | $20 (1 February to 30 November) | ||||
Withdrawals & Transfers out | FREE | FREE (1 December to 31 January) | $3 | FREE |
Personal Loan
Personal Loan | |
---|---|
Loan Processing Fee | $50 for loans under $1,000; $100 for loans $1,000 to $1,999.99; $250 for loans $2,000 and over; $20 for loans within shares |
Loan Variation Fee | $50 |
Home Loan
Home Loan | |
---|---|
New Mortgage – Processing Fee | $300 |
Top-up Mortgage – Processing Fee | $200 |
Preparation of Caveat | $50 |
Withdrawal or Discharge of Caveat | $50 |
Discharge of Mortgage | $50 |
Transaction Fees
Cash Withdrawal (In-Branch) | 1.50 |
Cheque Withdrawal (In-Branch) | 60c |
Electronic Payment from an account (not ATM or EFTPOS) | 50c |
Transfer to another NZCU Account (In-Branch) | 60c |
Transfer to another NZCU Account (by AP, Internet, or Phone Banking) | FREE |
Deposit or transfer into account (In-Branch or electronic) | FREE |
Deposit at Westpac Branch into Customer’s NZCU account | FREE |
Split of incoming payment to one or more NZCU accounts | FREE |
Service Fees
Internet, Phone, Text Banking and In-Branch – Account Access Fees
Internet & Mobile banking | Phone banking | In branch | |
---|---|---|---|
Activation on account | FREE | FREE | |
Customer’s access to his account; view transactions | FREE | FREE | |
Transfer to another NZCU Auckland account | FREE | $0.60 | |
Load or amend Internal automatic payment between NZCU Auckland accounts | FREE | FREE | |
Load or re-load an Automatic Payment authority | FREE | $5.00 | |
Amend a loaded Automatic Payment authority | FREE | $2.00 | |
Load or re-load a Direct Debit authority | $5.00 | ||
Amend a loaded Direct Debit authority | $2.00 | ||
Transaction search by NZCU staff | $35 per hour, with $15 minimum charge (No charge if Credit Union is at fault) | ||
Inter-Credit Union transaction requiring phone/fax confirmation | $15.00 | ||
Inter-Credit Union transaction using Shared Access program | FREE |
ATM/EFTPOS Transaction Card Fees
(NOTE: Accesscard can be used only in New Zealand; AccessDebit Card can be used in New Zealand or overseas)
Accesscard (ATM/EFTPOS Card) | AccessDebit Card | |
---|---|---|
Credit Union ATM Cash Withdrawal (in NZ) | FREE | FREE |
Credit Union ATM Enquiry or Decline (in NZ) | FREE | FREE |
*Bank ATM Cash Withdrawal | $1.50 | $1.50 |
*Bank ATM Enquiry or Decline | $1.40 | $1.40 |
*EFTPOS payment | 50c | 50c |
*EFTPOS Enquiry or Decline | 40c | 40c |
PayPass Transactions Tap Go | N/A | 50c |
Overseas ATM or EFTPOS Fees marked # are charged in addition to those marked * above | ||
#Overseas ATM Cash Withdrawal | N/A | $5 |
#Overseas ATM Enquiry or Decline | N/A | 60c |
#Overseas EFTPOS Purchase or Decline | N/A | 50c |
#Multi Currency Conversion Fee (Applied as a loading to the prevailing buy rate by MasterCard International on Foreign Transactions) | N/A | 2.25% |
Application fee | FREE | FREE |
First card issued/renewed card | $10 | $10 |
Replacement card | $10 | $10 |
AccessDebit Semiannual Admin Fee | $6 |
Card Withdrawal Limits
Accesscard | AccessDebit Card | |
---|---|---|
Daily Limit – ATM (NZ) | $1,000 | $1,000 |
Daily Limit – EFTPOS (NZ) | No limit | $10,000 |
Daily Limit – ATM (Other Countries) | N/A | NZ$1,500 |
Daily Limit – EFTPOS (Other Countries) | N/A | NZ$2,000 |
Cheque Services
Bank Cheque (issued by Westpac) | $10 |
Stopped Cheque (per cheque) | $25 |
Penalty Fees
Dishonoured Payments | |
---|---|
Inwards (dishonoured by remitting Bank) | $10 |
Outwards (dishonoured by NZCU Auckland) | $15 |
Rejected external automatic payment | $5 |
OVERDRAWN ACCOUNTS | |
Interest charged on overdrawn balance | 25% p.a |
Unauthorised Overdraft Service Fee (per month) | $5 |
Debt Recovery | |
Delinquent Account letter | $20 |
Pre-Possession Notice Administration | $50 |
Repossession Fee | $50 |
Post-Possession Notice Administration | $50 |
Notice of Proceedings Administration | $90 |
Statements
Emailed Statement | FREE |
Paper Statement (mailed to Customer) | $1 |
Interim Statement | $2 |
Replacement Statement | $2 per page |
Additional Notes
Where the Credit Union incurs a charge from another organisation or Government Department when acting on a Customer’s behalf, including credit checks, legal costs and disbursements, and costs associated with the registration of securities, the Credit Union will pass these costs on to the Customer.