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Thread: Need a Bank.

  1. #1
    Join Date
    Aug 2004
    Posts
    22

    Default Need a Bank.

    Currently we do all are banking "on line" ie, bill payments etc and use link cash machines and our bank credit and debit cards. As our account is just in the black each month we pay no bank charges or service costs what soever, we also get paid interest on the money in the account each month.
    I have looked around some web sites for banks in New Zealand but can not find any account similar (no charge if in credit) by any bank in NZ.
    Can anybody advise of such a bank please?.

    Thanks very much

  2. #2
    Join Date
    Aug 2004
    Location
    Takapuna, Auckland NZ
    Posts
    23

    Default

    Paul - I think you've been tainted by the UK banking experience!

    There's no real movement towards 'free' banking in NZ. We have a good relationship with ASB, but they still charge for current accounts.

    I think you just have to grin and bear it.

    Nick

  3. #3
    Join Date
    Aug 2004
    Location
    Feilding originally Warrington
    Posts
    639

    Default

    Me again

    Dave opened his account with National Bank of New Zealand, who used to be owned by Lloyds Bank - they have the same sign of the black horse, but he didn't open it until he arrived. He used his cards in the ATM's on our UK bank account until he had opened his account and got paid.

    They have been brilliant re lending him the money for the house and he's only been there 3 months. They have been happy to bridge us until we complete on the house here and they haven't even asked for any proof of the mortgage on the house and what equity we have in it.

  4. #4
    Join Date
    Aug 2004
    Location
    Ashley NZ
    Posts
    540

    Default

    Paul

    We are with ASB they have been great, the banking system here is different to UK, but you soon get used to it.

    Our account charges you one small monthly fee and then they don't charge you for any of the "normal" things like cheques etc

    Hope this helps

  5. #5
    Join Date
    Aug 2004
    Location
    Auckland, North Shore since March 2004
    Posts
    775

    Default

    All the NZ banks offer very similar services. One that is a little different an offer top interest rates no matter what your balance is superbank! Other banks to try include BNZ, ANZ, Westpac, National Bank, Kiwi bank and ASB.

    Karl

  6. #6
    Join Date
    Aug 2004
    Posts
    22

    Default Finding the bank

    Thank you for the responses
    Paul

  7. #7
    Join Date
    Aug 2004
    Location
    Auckland North Shore
    Posts
    221

    Default

    I found a fab one with Kiwibank - very modern, with balance sweeping and pays interest on your current account at the same rate as your savings. No charges if balance is over $4K

    http://www.kiwibank.co.nz/products/front_runner.stm

  8. #8
    Join Date
    Aug 2004
    Location
    Auckland, North Shore since March 2004
    Posts
    775

    Default

    Superbank currently offering 6.35% on ANY amount! Got to be the best deal in town! No term instant access via internet linked to any NZ bank account!


  9. #9
    Join Date
    Aug 2004
    Location
    Inland Canterbury, NZ
    Posts
    8,390

    Default

    That's a great deal - would get an extra income from putting our money in there!!

    BUT - we don't seem to be of interest to banks until we have a utility bill or something to prove a residential address... anyone else have this? I assume once we find a rental for 6+ mths they will be happier....

    I hope we won't need an IRD no. or anything....

  10. #10
    Join Date
    Aug 2004
    Location
    Scotland to Waikato, Sept 05
    Posts
    171

    Default

    Moorf, if it's not a rude / personal question ops: what have you done money wise so far? ie have you left everything in a UK high interest account or have you transferred anything? Just interested in what those who have just arrived have actually done as we have so many decisions to make!! :eek

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