At NZCU Baywide you'll find a refreshing new approach. Because we have no 'outside' share holders all our profits (after providing for necessary reserves and operating costs) are returned to members through top interest rates on savings, low cost loans, and reasonable fees.
Fee Free Services
We also have a range of fee free services for your convenience. The following services are free:
- Accounts held by Superannuitants and under 18 year olds are exempt from account management fees
- All deposits into Credit Union accounts
- Over the counter cash withdrawals (except where internal ATM is available)
- Internal transfers between Credit Union accounts using automatic payments and telephone and internet banking
- Access to balances, transfers and recent transactions via internet and telephone banking
- No signup or monthly fee for Accessphone or Accessweb
- 6 monthly statements (March and September)
- Share-secured Line of Credit draw downs
- Processing of share-secured loans
Account Fees
Everyday Account - Fees
| Everyday Account | Billpay | Bfree | |
|---|---|---|---|
| Joining fee - new customers only | nil | nil | nil |
| Account management - monthly | $2.00 | $2.00 | nil |
| Inactive account | |||
|
Monthly Statement |
March & September Statements are free. Outside of these dates there is a $0.95 charge for mail statements and $0.45 charge for email statements |
||
| Statement Copy | $2.00 | $2.00 | $2.00 |
Savings Account - Fees
| Junior Saver | Goal Saver | Success Saver | Loyalty Saver | KiwiSaver | Christmas Saver |
RETIREMENT Saver |
|
|---|---|---|---|---|---|---|---|
| Joining fee - new customers only | nil | nil | nil | nil | nil | nil | nil |
| Account management - monthly | nil | $2.00 | nil | nil | N/A | nil | nil |
| Inactive account | |||||||
|
Monthly Statement |
March & September Statements are free. Outside of these dates there is a $0.95 charge for mail statements and $0.45 charge for email statements | ||||||
| Statement Copy | $2.00 | $2.00 | $2.00 | $2.00 | N/A | $2.00 | $2.00 |
| First Withdrawal per month | FREE | FREE | FREE | $10.00 | N/A |
FREE |
1 FREE pa |
| Subsequent Withdrawals per month | FREE | FREE | $5.00 | $10.00 | N/A | 5% of sum withdrawn (min. $30) | |
| Transfers using an operator | $1.00 | $1.00 | $1.00 | $1.00 | N/A | $1.00 | $1.00 |
| Break Fee |
$20 per withdrawal (1 Feb- 31 Oct) |
||||||
Personal Loan or Overdraft
| Line of Credit | overdraft | Personal Loan | |
|---|---|---|---|
| Application fee | $160.00 | $160.00 | |
| Establishment fee | $20.00 | ||
| Credit draw down | $5.00 |
Home Loan
| Home Loan | Welcome Home Loan | |
|---|---|---|
| New Mortgage - application fee | $300 | |
| Top-up Mortgage - application fee | $150 | |
| Preparation of Caveat | $50 | |
| Withdrawal or Discharge of Caveat | $50 | |
| Discharge of Mortgage | $50 |
Investment - Fees
| Term Deposit | |
|---|---|
| Account handling fee | |
| Inactive account |
Insurance - Fees
| Vehicle Insurance | Loan Protection Insurance | Home and Contents Insurance | Life and Income Replacement | Funeral Insurance | Breavement Fund - Credicare | |
|---|---|---|---|---|---|---|
| Account handling fee | ||||||
| Inactive account |
Foreign Exchange - Fees
| Travelex | |
|---|---|
| Account handling fee | |
| Inactive account |
Service Fees
Internet, Phone, Text Banking and In-branch - Account Access Fees
| Internet banking | Phone banking | Text banking | In branch | |
|---|---|---|---|---|
| Activation on account fee | FREE | |||
| Cash withdrawal | - | - | - | FREE or $0.30 where internal ATM is available |
| Electronic withdrawal from an account | FREE | FREE | $0.54 per text message | N/A |
| Transfer to another NZCU account | FREE | FREE | FREE | $1.00 |
| Split of incoming payment to one or more NZCU accounts | FREE | - | - | FREE |
| Deposit into account | FREE | - | - | FREE |
| Load or re-load an Automatic Payment or Direct Debit authority | FREE | $4.00 | ||
| Amend a loaded Automatic Payment or Direct Debit authority | FREE | $3.50 | ||
| Load or amend internal automatic payments between NZCU Baywide accounts | FREE | FREE | ||
| Transaction search | FREE | - | $50.00 per hour, with $10.00 minimum charge |
EFTPOS Card - Account Access Fees
| EFTPOS - Accesscard | EFTPOS - Bfree* | |
|---|---|---|
| EFTPOS payment | $0.30 | $0.30 |
| EFTPOS enquiry or decline | $0.30 | $0.30 |
| Application fee | nil | nil |
| First card issued | FREE | FREE |
| Joint account card | FREE | N/A |
| Replacement card | $5.00 (fourth & subsequent replacement cards $10.00) | $5.00 (fourth & subsequent replacement cards $10.00) |
| Lost or stolen card | $5.00 (fourth & subsequent replacement cards $10.00) | $5.00 (fourth & subsequent replacement cards $10.00) |
Withdrawal Limits
| EFTPOS - Accesscard | EFTPOS - Bfree | |
|---|---|---|
| Daily limit - NZCU ATM | $2,500.00 | $2,500.00 |
| Daily limit - Other bank ATM | $800.00 | $800.00 |
| Daily limit - EFTPOS | $9,999.00 | $9,999.00 |
Cheque Services
| Stopped cheque (per cheque) | $25.00 |
| Special answer on cheque deposit at counter (per cheque) | $25.00 |
Penalty fees
| Dishonoured Payments | |
|---|---|
| Inwards (dishonoured by remitting Bank) | $10.00 |
| Outwards (dishonoured by Credit Union) | $25.00 |
| Rejected external automatic payment | $5.00 |
| Debt Recovery | |
| Delinquent Loan letter (2nd and subsequent) | $50.00 |
| Pre-Possession Notice Administration | $50.00 |
| Repossession Notice Administration | $100.00 |
| Notice of Proceedings Administration | $200.00 |
| Property Law Notice Administration | $350.00 |
| Field Agent Visit | $100.00 |
Additional Notes
Inactive Account
If a customer account is inactive for more than 1 year and the customer cannot be located this account is treated as dormant and a fee of $20 is charged for the transfer to dormancy and each subsequent year of inactivity. Reasonable action is taken to contact customers affected to reactivate their account.
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 or costs associated with the registration of securities, the Credit Union will pass these costs on to the Customer.