Kiwibank's generous offer

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Forums › Finance and wealth management › Kiwibank's generous offer

alastairkn

9 posts

Wannabe Geek

#67739 7-Sep-2010 22:52

Kiwibank gave me this wonderful offer of an overdraft of 1690%

Just thought i would share, in case anyone else wanted in on this great deal.

irSilentone

74 posts

Master Geek

#377710 7-Sep-2010 23:31

Thats very lovely of them.. very limited offer i suppose..

Detruire

1772 posts

Uber Geek

#377712 7-Sep-2010 23:46

1690% pa?

What on earth?

rm *

ZollyMonsta

3009 posts

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#377748 8-Sep-2010 08:09

Amazing... Think they lost a decimal point in there somewhere :)

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bazzer

3438 posts

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#377788 8-Sep-2010 10:21

Looks like it's there, between the 0 and %. Funny!

nate

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#377828 8-Sep-2010 11:56

$3? ASB charge me $20 for doing the same!

/grumble grizzle...
//why am I still with ASB?
///slashy slashy goodness

Handsomedan

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#377843 8-Sep-2010 12:36

nate: $3? ASB charge me $20 for doing the same!

/grumble grizzle...
//why am I still with ASB?
///slashy slashy goodness

But I can almost guarantee that the interest rate is FAR lower!!!!

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muncher12

90 posts

Master Geek

#377855 8-Sep-2010 13:12

made me laugh, Good joke Kiwi Bank

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bazzer

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#377857 8-Sep-2010 13:18

nate: $3? ASB charge me $20 for doing the same!

/grumble grizzle...
//why am I still with ASB?
///slashy slashy goodness

I was reasonably sure that ASB charge 0.12% of the overdraft limit as the monthly fee on overdrafts (min. $5 for arranged, $10 for unarranged). Unless your overdraft limit is around $17k or higher (which it may be, I suppose) you shouldn't be paying $20. Anyway, if you were the OP and you were with ASB you'd be charged $5 instead of $3.

Tabuti

134 posts

Master Geek

#377866 8-Sep-2010 13:46

bazzer:
nate: $3? ASB charge me $20 for doing the same!

/grumble grizzle...
//why am I still with ASB?
///slashy slashy goodness

I was reasonably sure that ASB charge 0.12% of the overdraft limit as the monthly fee on overdrafts (min. $5 for arranged, $10 for unarranged). Unless your overdraft limit is around $17k or higher (which it may be, I suppose) you shouldn't be paying $20. Anyway, if you were the OP and you were with ASB you'd be charged $5 instead of $3.

Don't forget the extra savings you get with Kiwibank & having no transaction fee's on the Free Up account

nate

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#377870 8-Sep-2010 13:51

bazzer: I was reasonably sure that ASB charge 0.12% of the overdraft limit as the monthly fee on overdrafts (min. $5 for arranged, $10 for unarranged). Unless your overdraft limit is around $17k or higher (which it may be, I suppose) you shouldn't be paying $20. Anyway, if you were the OP and you were with ASB you'd be charged $5 instead of $3.

You're probably right, I just dislike ASB with a passion (yet I have personal and business accounts with them, go figure) so any chance to moan and I'll grab it with both hands and run.

And yes, I'm waaay off topic with this... my bad.

Tabuti

134 posts

Master Geek

#377879 8-Sep-2010 14:11

Sorry forgot to add I work for Kiwibank so am very biased!

Kopkiwi

2617 posts

Uber Geek
Inactive user

#377915 8-Sep-2010 15:50

Tabuti: Sorry forgot to add I work for Kiwibank so am very biased!

Makes two of us

Kyanar

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#378080 9-Sep-2010 00:18

Tabuti:

Don't forget the extra savings you get with Kiwibank & having no transaction fee's on the Free Up account

I wish you'd all stop shouting about this - switching to Kiwibank wouldn't save them a cent. Despite all Kiwibank's shouting about this, almost every bank has a free offering. ASB has Streamline (if you ditch the statements). Westpac has Elect (if you ditch the statements). ANZ has Go (if you ditch the statements). Personally I reckon the stuff Kiwibank should be advertising more is features like "Paystream" and "Sweep" (now, that Sweep feature seems like it's pretty darn handy - and seems like it should be costly to maintain!)