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, 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 on a case-by-case basis, as
well as BNZ’s specialist low interest business Good to Grow loans.
For more details customers can check the BNZ website.