Step 1

You will need to decide which bank you would like to open an account with. The best way is to have a discussion with them, as they will tell you which accounts will be the cheapest to open. Once you've decided, you can either visit a bank branch or open a new account online.

After filling out the application form on the bank's website, you'll receive an email with the details of your new account within a few business days (Monday to Friday), and you can start depositing money. You will need to visit your local branch to activate your new account.


Youth accounts

If you’re under 19 years old, most banks have youth accounts with low fees. They often require slightly less information from you to open as well.



Step 2

To activate your account you will need to provide the following:

  • Proof of address in New Zealand - it doesn’t have to be a permanent address, most accommodation providers will give you a letter confirming where you are staying. Other address verification can be a Work & Income letter addressed to you, a court document, your tenancy agreement or a power or phone bill.
  • A form of ID – this could be your passport or your birth certificate.
  • A second form of ID – such as your national identity card, 18+ card, or driver’s license.
  • Some cash to deposit into your new account.



Step 3

Once you’ve opened your account, some banks will give you a card that can be used immediately. If not, your card will be sent to you through the post or sent to your local branch. Usually banks send paper statements to your registered address, which you need to pay for. Remember to cancel these paper statements to avoid unwanted fees.