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rugrat

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#270528 13-May-2020 19:32
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Just on news tonight BNZ ditching cheques mid next year. Know been discussed before but can't remember answer to question.

 

I only write cheque about once to twice every 10 years, but as the limit for bill pay is about $10,000? how will things above this amount be paid for.

 

If buying a house will a suit case of money be needed? Only things I've used cheques for is house and more frequently car purchases.

 

Last car purchase around 5 years ago was $20,000, paid for by using cheque book, how will that work going forward?

 

Cheers.


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rugrat

3107 posts

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  #2483063 13-May-2020 19:47
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logo:

 

Don't know about BNZ but I know with ANZ you can increase the maximum one off payment amount to different limits up to $250k 

 

 

 

ASB limit is $100k under Fastnet Classic

 

 

 

 

 

 

 

 

I just looked it up for BNZ, one off payments from internet banking are limited to $50,000. I didn't look earlier as didn't expect it to be that high.

 

No worries for future car purchases then, won't be buying a Tesla. :)


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