Does anyone know which bank in New Zealand has the lowest charges, i.e. general charges for using EFTPOS etc? I have previously had an account with Westpac and I didn't bother shopping around, but their charges seem high and people have suggested that they are one of the highest.
ASB and TSB have pretty good accounts. It's worth looking at all of the banks websites and seeing what kind of accounts they offer.
I had an account with National Bank and I think I paid $5 per month and had unlimited EFTPOS and National Bank ATM withdrawals but I had to pay to use other bank's ATMs. They also have a no-fees online savings account with 7% interest.
If you don't use personal cheques and don't make cash deposits, the best you could get seems to be an ASB "streamline" account, which has free electronic transactions, for $3 per month, or even completely for free if you opt out of receiving bank statements; but you pay $3 per manual transaction. (Wow, I wish that'd existed when I was in New Zealand!) (Westpac has a similar one called "Elect" for $3.50 (or $0) per month.)
If you do use personal cheques or want to deposit cash every so often, ANZ's Everyday account costs $5 per month for everything. (BNZ has a similar one called MyMoney.)
All New Zealand banks are stupid with extra charges for getting money out of ATMs that don't belong to themselves, so before picking a bank, make certain there's an ATM conveniently located near wherever it'll be that you'll settle down.
If you have a guaranteed sum of money that you'll always have in your account (at least $2000 to $5000, depending on the bank), there's various other options which might get interesting.
[ Edit: Edited on Dec 20, 2007, at 11:05 AM by Sander ]
You can stick with Westpac and use an Elect account - as long as you stop your paper statements and do your banking online, then this will be free