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Fees

Account Fees | Glossary of Terms | Exemptions | Free Services | Valued Customer Fee Rebates | Service Fees | Lending and Overdraft Fees

 

FEE TYPE Base Manual Transactions1
(See Glossary of Terms)		 Electronic Transactions2
(See Glossary of Terms)		 Cashcard Eftpos Transactions
(See Glossary of Terms)		 Cashcard ATM Transactions3
(See Glossary of Terms)		 Bank Cheque
Cheque Clearance4
(See Glossary of Terms)
Kids' Cash No fee No fee No fee N/A N/A No fee No fee
Everyday Personal
Under 21yrs of Age		 No fee** No fee** No fee** $0.30 each**  1st 10 FREE per month $0.75 each**  1st 5 FREE per month No fee** No fee**
Everyday Personal
Over 21yrs of Age		 $2.50 monthly $0.30 each $0.30 each $0.30 each $0.75 each $3.00 each No fee
Everyday Business/
Farming 		<10 trans $2.50 monthly >10 trans $6.00 monthly $0.30 each $0.30 each $0.30 each $0.75 each $3.00 each $0.30 each
Optimum Club No fee No fee No fee N/A N/A $3.00 each No fee
Special Purpose No fee First counter withdrawal in month free plus
one free automatic payment withdrawal per month at current activity fee.
All additional withdrawals $5.00 each.		 Personal - No fee.
Business - $0.30 each
**At age 18-21, the above fees are subject to a Direct Credit of $40 per month to account.
The above fees will be debited to the account on the last day of the calendar month.

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(1) Manual Transactions Withdrawals, deposits, and transfers*** made over the counter.
(2) Electronic Transactions Includes direct debits, direct credits, inward and outward automatic payments, cheques issued, Eftpos, Internet*** and Telephone*** banking* transactions.
(3) Cashcard ATM (Automatic Teller Machine) Includes withdrawals, transfers and balance inquiries within New Zealand.
(4) Cheque Clearance Where there is more than one item lodged (business accounts only).

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***Exempt Transactions Includes loan transfers, transfers within the same account group, CBS Canterbury bank fees, interest, and withholding tax transactions.
Non Profit Non profit organisations that produce a tax exemption certificate are exempt from Base, Manual and Electronic Transaction fees.
National Superannuitants With direct credit of pension to Everyday Account:
Free; Everyday base, transaction, AP transaction; ATM balance; ATM & Eftpos transaction fees.

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Duplicate and Interim Statements
Initial Cashcard Issue
Internet and Telephone Banking* access

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If total CBS Canterbury business is $5,000 - $49,999 then Base, Manual, Electronic and Cashcard fees up to $10 per calendar month are rebated.

If total CBS Canterbury business is $50,000 or more then a full rebate of Base, Electronic, Manual and Cashcard fees will apply.
Valued Customer Fee Rebates Can only be applied to one Everyday account within account group. Excludes: Cashcard ATM fees incurred outside NZ.
Total CBS Canterbury Business Equals total account balances as at end of the calendar month held under the same account number. Includes Everyday, Special Purpose, Living Style Savings Plan and Investment accounts - Loans, Everyday Gold and Approved Overdrafts.

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Automatic Payments
Establishment fee $ 3.00
Alteration Fee $ 3.00
Activity Fee:
Within Account Group No fee
Outside Account Group $ 0.30
Suspension fee $ 3.00
Payment Default (insufficient funds) $10.00
Direct Debits
Establishment fee No fee
Dishonour fee (insufficient funds) $25.00
Inactive Account Fee (after 2 years)
Applies to Everyday and Special Purpose Accounts Only.
Balances under $5.00 Balance of account
Balances $5.00 - $499.00 $5.00 per annum
Balances over $500.00 No fee
Cash Handling
For amounts above $2,000
Each $1,000 deposit/withdrawal $2.50
General
Special Answer Fee $25.00
Government Cheque Stamp Duty (per cheque issued) $0.05
Dishonoured Cheque Fee $25.00
Stopped Cheque Fee $15.00
Cheque and Direct Credit trace fee $15.00
Cashcard Replacement Fee $10.00
Search fee - cost per hour $60.00
Reversal Internet Banking Payment Fee (Within 1 Day) Max $25.00
International
Telegraphic Transfer $20.00
Bank Draft $15.00
Stop Bank Draft $20.00
Cashcard ATM (per transaction outside NZ) $6.00
Cashcard Eftpos (per transaction outside NZ) $6.00
Cashcard Balance (per transaction outside NZ) $0.60
Overseas Currency 1.0% of amount plus $5. Minimum fee $12.50
Re-purchase Cash $200 Limit. $5.00

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Personal Overdraft
Application fee:
Documented Overdraft Fee between $250 - $500
Temporary Overdraft Maximum fee $100
Management Fee: (charged monthly on the arranged limit)
Approved limit below $500 No fee
Approved limit above $500 1.44% p.a. of arranged limit
Unarranged Overdraft fee per month
(if account is overdrawn by more than the arranged limit at end of the month.) $25
Business Overdraft
Application fee:
Documented Overdraft 0.5% of arranged facility. Minimum fee $250
Temporary Overdraft 0.5% of arranged facility. Minimum fee $150
Management Fee(charged monthly on the arranged limit) 1.44% p.a. of arranged limit
Unarranged Overdraft fee per month
(if account is overdrawn by more than the arranged limit at end of the month.) $25
Farming Overdraft
Application fee:
Documented Overdraft By negotiation
Temporary Overdraft (1 month or less) By negotiation
Overdraft Management Fee 1.44% p.a. of arranged limit
Unarranged Overdraft fee per month
(if account is overdrawn by more than the arranged limit at end of the month.) $25
Everyday Gold
Application fee Maximum fee $500
Unarranged Overdraft fee per month
(if account is overdrawn by more than the arranged limit at end of the month.) $25
Residential Mortgage Loan Fee
New Loans Application Fee Max fee $500
Welcome Home Loans $500
Existing Loans
Increase of existing loan Maximum fee $500
Re-fixing interest rate fee of loans Maximum fee $250
Farming and Commercial Mortgage Loan Fees
Application fee By negotiation
Increase of existing loan By negotiation
Re-fixing fee By negotiation
Chattel Loan Fee
Application fee Maximum fee $500
Chattel loans relating to farming or business use Application fee by negotiation.
Term Loan Fee
Application fee Maximum fee $500
Break and Discharge Fees
Mortgage Release fee $100
Administration fee applying to early repayment of a fixed rate loans $200
Fixed rate early repayment fee Calculated and disclosed on application.

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Fees may be charged for some specialist services not specified on this website and fees are subject to change without notice.

All CBS accounts are opened with Heartland Building Society, which comprises the former businesses of CBS Canterbury, MARAC, Southern Cross Building Society and PGG Wrightson Finance.

Heartland Building Society has a BBB- (Outlook Stable) credit rating from Standard & Poor’s.  See our Investment Statement or click here for more details about the credit rating.
Our Investment Statement can be obtained by calling us on 0800 227 227 or by clicking here.