Fees - CBS Canterbury



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Fees

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

Fees listed are correct from 1st October 2008

Account Fees
FEE TYPE	Base	Manual Transactions^{1 (See Glossary of Terms)}	Electronic Transactions^{2 ^{(See Glossary of Terms)}}	Cashcard Eftpos Transactions ^{(See Glossary of Terms)}	Cashcard ATM Transactions^{3 ^{(See Glossary of Terms)}}	Bank Cheque	Cheque Clearance^{4 ^{(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 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.

Glossary of Terms
(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).

Exemptions
*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.

Free Services

Duplicate and Interim Statements

Initial Cashcard Issue

Internet and Telephone Banking access

Valued Customer Fee Rebates
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.

Service Fees
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

Lending and Overdraft Fees
Personal Overdraft
Application fee:
Documented Overdraft	Fee between $100 - $500
Temporary Overdraft Maximum fee	$50
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 $100
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	0.5% of arranged facility. Minimum fee $250
Temporary Overdraft (1 month or less)	0.5% of arranged facility. Minimum fee $100
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
Additional loan funds	Minimum fee $100
Re-fixing interest rate fee of loans	$100.00
Farming and Commercial Mortgage Loan Fees
Application fee	By negotiation
Re-fixing fee	0.25% of amount. Minimum fee $250
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 fixed rate loans	$200
Fixed rate early repayment fee	Calculated and disclosed on application.
Lenders Mortgage Insurance
With Loan Value Ratio (LVR) > 80%	Calculated and disclosed on application.

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

Disclaimer

CBS Canterbury is a Building Society and not a registered Bank.