Text 5030, 49 rader
Skriven 2010-02-19 17:46:48 av Peter Knapper (3:772/1.0)
Ärende: Banking
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Hi Folks,

I have been following this discussion with some interest as my wife works for a
NZ bank and I am a regular user of internet banking services from both of the
NZ banks that I use. 

Note: Any refence in what follows to Bank/Branch/Account can be either a
private person or a business, they are handled identically as far as the NZ
system is concerned. Commercial account operators benefit in the services that
they can obtan that private people can't usually obtain themselves.

In essence I can -

Transfer funds from any of my accounts to anyone elses account AT ANY BANK that
exists in NZ. This is a same day service as NZ has a ZERO "float" for all
transaction accounts in the Interbank/Branch transfer environment. This service
has operated for at least the last 25 years, although prior to  Internet access
being available you had to visit ANY branch of YOUR BANK to do this. All you
need to provide is the Bank/Branch/Account details of the payee. 

I can set up REGULAR payments of a Fixed amount to any other NZ
Bank/Branch/Account. This service has operated since the 1960's...

Selected interest bearing accounts DO incur transaction charges above a
prescribed number of monthly limit, however as long as you stay within this
limit the charge is $0.

ALL forms of credit cards can be used for any form of payment, even Deposits,
however normal credit card fees apply to most of the Debit types.

Most of the NZ Banks earn their income from handling "dishonours" or
rejected/cancelled transactions. IE they charge heavily for what they view as
"abnormal" behaviour.

The NZ banks tend to be generous for those that maintain a "healthy" balance in
their accounts, even though they are paying interest on the deposited funds.
For those that are constantly in debt they charge like wounded bulls...

NZ Banks are quite profitable for their investors.

International transactons are a complete other matter, and its safe to say that
tehy suffer from excessive charges, usually applied by the off-shore
party........;-)

Cheers.................pk.


--- Maximus/2 3.01
 * Origin: === Maxie BBS.  Ak, NZ +64 9 444-0989 === (3:772/1)