Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

BNZ waives contactless debit fees

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.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>