BNZ waives contactless debit fees

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Bank of New Zealand (BNZ) has announced today it will be waiving contactless debit transaction fees from 1 September for eligible small and medium businesses.

BNZ Executive, Customer, Products & Services, Dan Huggins, says “Waiving contactless fees will support our small and medium business customers as the country shifts toward more contactless operations and help reduce uncertainty at this crucial time.

“The fee waiver will happen automatically for SME customers who have a monthly merchant turnover of under $50,000 and will run until the end of October.

“We want to offer our customers as much certainty as possible and we’re working hard to provide New Zealanders with the help they need,” says Huggins.

BNZ is supporting its business customers through the COVID-19 lockdown in a range of ways, including waiving Payclip fees until 30 September, and on case-by-case basis, temporary overdraft facilities, extending trade credit, asset finance funding, quick online loans of up to $100,000 with QuickBiz, changing term lending periods, interest only options, as well as BNZ’s specialist low interest business Good to Grow loans.

For more details customers can check the BNZ website.