Account Fees
Effective: 1 May 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| Special Conditions | Only Funds NOT securing a Loan can be withdrawn | Funds available 1 December to 31 January | |||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
| Quarterly Statement of all accounts (mailed to Customers) | FREE |
| 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.