National Bank OE Package

Once you make the decision to go on your OE, we can help. Our package is designed for people planning long-term travel and work overseas and offers special benefits to help you plan, save, and manage your money while you're away. You can choose from the following services and special benefits.

Before you go:

• An initial planning session to discuss your goals and help you choose the right savings options to reach them
• Open a Foreign Currency Transaction Account or Foreign Currency Investment Account with no monthly account fee. This gives you the flexibility to manage exchange rate risk while you're saving. While you're overseas, you can transfer money back to New Zealand without needing to convert it to New Zealand dollars
• Open a National Bank Classic account with no monthly account fee to help you pay the bills and manage your money in New Zealand while you're away
• Get a National Bank Travel Card and pre-load it with one of four currencies - Australian dollars, US dollars, Euro or British pounds. It's a great way to track your spending while you're away, as you are paying in the currency you are travelling in
• Helpful information and tips on banking and travel to help you have a great OE.

We also have calculators you can use for your personal budgeting or to work our a savings plan that will achieve your goals.

While you're overseas

• Transfer money back to New Zealand through an International Money Transfer (IMT) for a discounted inward payment fee of NZ$10 (overseas bank charges may apply and may vary). You can instruct your overseas bank to transfer money from your overseas account(s) to your NZ dollar account or Foreign Currency Account
• Use National Bank Online Banking to managee your accounts, including paying your credit card, and to keep in touch with us from anywhere in the world. With Online Banking you can transfer money between all your National Bank domestic accounts and use secure Bank Mail to manage your Foreign Currency Accounts.

More Information on Foreign Currency Accounts

fore more information on Foreign Currency Accounts, including the Foreign Currency Transaction Account and Foreign Currency Investment Accounts, fees and charges, terms and conditions, or our Disclosure Statement, visit any branch or contact one of our Foreign Currency Account specialists on 0800 47 74 44, option 2.

Who can get the National Bank OE package?

To qualify for The National Bank OE package you need to be:

• An existing National Bank everyday account holder and
• Planning to combine work and travel while you're away from New Zealand

Note: The OE package is not available if you're intending to permanently live overseas.

Handy hints:

• Keep a National Bank Classic account open while you're away to help you pay the bills and manage your money in New Zealand. You'll pay no monthly account fee
• If you're going on your OE, you may want to arrange for someone you trust to hold your your cheque book and have authority to sign on your account. You will need to provide us with an 'authority to operate' form or 'power of attorney' document signed by you before you go. You can drop into any National Bank branch to arrange
• Money Machine (ATM) withdrawal limits may be different overseas and fees are charged when you withdraw money from overseas ATMs
• Banking hours and public holidays will be different too. Never rely on one source of funds when you travel - a combination of a National Bank Travel Card, some foreign cash and a National Bank credit card will mean you can pay for your expenses in most circumstances
• Most overseas banks offer International Money Transfers, although fees will vary
• Overseas Travel Insurance is important, so you are protected for a range of unforeseen events, including medical expenses for injuries or illness, loss of valuables or travel documents, and delayed flights or missed connections
• You can use your National Bank credit card to make local and international phone calls at any credit card phone booths displaying the MasterCard, Visa or PLUS symbol.

How to apply

To apply for our OE package, order your travel funds, enquire about travel insurance, or make any other financial arrangements for travelling, just come into any branch of The National Bank or call us on 0800 18 18 18.