BNZ | Canstar’s Bank of the Year Everyday Banking 2020

In a highly competitive market, one bank stands above the rest when it comes to everyday banking accounts: BNZ.

As the winner of Canstar’s 2020 award, the BNZ rated highly across all its products, covering transaction accounts, online banking and its range of different credit cards (low-rate, low-fee, and rewards).

However, it was the BNZ’s decision to remove its $5 account-keeping fee on its transaction account that saw the bank take out Canstar’s award. This change to its range of everyday banking accounts means the bank, like a number of its competitors, now offers fee-free banking for all consumers.

This is in addition to a robust suite of credit cards for both debt revolvers and reward-point hoarders, all supported by a major bank network and an award-winning digital banking platform.

Last year’s winner, Westpac, was again a stronger contender. When rated by Canstar’s sophisticated methodology, it put in an admirable performance.

Overall, Westpac’s rating did not really diminish. Instead, it was the stronger performance of the BNZ, primarily due to the removal of their monthly account-keeping fee, that denied Westpac a back-to-back win.

So, once again, well done to BNZ, for winning Canstar’s award for Bank of the Year Everyday Banking 2020!

For more information on our everyday banking award and BNZ’s win, just click on the button below:

Read more about Canstar's Bank of the Year Everyday Banking 2020 here!