We don’t charge an account maintenance fee on our Basic Bank Account*. There may be charges for things like Government Stamp Duty, and when you make international payments.
For details on the fees and charges on our Basic Bank Account, see our Schedule of Fees and Charges for Personal Customers and our Schedule of International Transaction Charges.
*Fees for maintaining the account may be charged after 12 months depending on turnover if the value of lodgements to your account exceeds a certain threshold.
This threshold is equivalent to the national minimum hourly rate of pay (as declared from time to time in accordance with Section 11 of the National Minimum Wage Act 2000) multiplied by 2,080 (i.e. 40 hour week x 52 weeks of the year).
If this is applicable to your account you will be notified 2 months in advance of this change. Government duty still applies.
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