community banking Accounts
NBS Cheque
Account
Take control of your day-to-day banking and take advantage of our community banking benefits.
Pictured: Paul Hampton of Victory Boxing in NBS' Nelson branch
Take control of your day-to-day banking
- Access your funds via NBS Internet Banking, the NBS Mobile Banking app or in branch
- Dual authorisations for those who require more than one person to authorise transactions electronically
- Enjoy the convenience of an NBS Debit Mastercard
- Set up automatic payments and direct debits
- No transactional account fees
- This account is eligible as part of the Depositor Compensation Scheme (DCS). Learn what other NBS accounts are eligible
Rates and fees
| NBS Cheque interest rates – community | |
|---|---|
| Interest paid on credit balances over $50,000 | 0.10% p.a. |
| Interest paid on credit balances between $5,000 and $50,000 | 0.10% p.a. |
| Interest paid on credit balances under $5,000 | 0.00% p.a. |
|
Interest rates are subject to change. |
|
| NBS overdraft facility interest rates | |
|---|---|
| NBS Rural Banking interest rate | from 10.74% p.a. |
| NBS Business Banking interest rate | from 10.74% p.a. |
| NBS Personal Banking interest rate | 7.74% p.a. |
|
Interest rates are subject to change. |
|
| NBS overdraft fees | |
|---|---|
| Overdraft establishment fee - arranged | $100.00 |
| Overdraft facility fee (service commitment) | 0.13% of the limit per month (minimum charge $5.00) |
| Unarranged excess fee | $25.00 |
| Default interest rate | 15.50% p.a. above annual interest rate |
| Default administration fee | $45.00 per event |
| Insurance arrears payment fee | $25.00 |
| Rates arrears payment fee | $25.00 |
| Motor vehicle security variation or security swap fee | $30.00 |
|
Interest rates are current as of 20 July 2026 and subject to change at any time without notice. NBS lending criteria and specific terms and conditions apply. Margins, discounts and fees may apply. For new overdrafts, rate may be subject to change prior to drawdown. * Effective rate for new clients from 20 July 2026. Effective rate for existing clients from 26 August 2026. |
|
Not for Profit Fees
There are NO transaction fees applied to NBS Not for Profit banking
Terms and conditions
NBS General Terms and Conditions apply. NBS’ current Product Disclosure Statement is available free of charge at any NBS branch. Service fees may apply.