Simple everyday banking
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No monthly account management fee or electronic transaction fees.
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Open multiple accounts and personalise them with names and images to organise your money in a way that makes sense to you.
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Bank online through the mobile app and internet banking.
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Can be opened at any age with no minimum balance.
Rates & fees
Deposit at Kiwibank branch |
$3 per transaction No fee for the first deposit each month |
Withdrawal at Kiwibank branch |
$3 per transaction |
Account management fee |
No fee |
Electronic transactions – online, EFTPOS, automatic payment, direct debit, bill payment |
No fee |
Transfers – for electronic transfers between your Kiwibank accounts |
No fee |
ATM withdrawal |
No fee |
Unauthorised overdraft rate |
626 - Overdraft unauthorised rate (active) If your account goes into negative balance or exceeds any agreed overdraft limit |
Interest rate |
Free Up (hard-coded) for balances $0+ |
Interest rates are subject to change. Service fees may apply.
How it works
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Separate your spending, bills & savings
Open multiple Free Up accounts, you can name your account and add photos in the mobile app or internet banking to organise your money in a way that makes sense to you.
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Manage your money wherever you are
Use the mobile app, internet banking or phone banking to manage your money, make payments and keep track of your transactions.
Choose to receive statements online, by email or by post. Service fees apply for some statement options.
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Choose the card that suits you
Link an EFTPOS card or a Visa Debit card to your Free Up account. Use an EFTPOS card for everyday spending, or choose a Visa Debit card for online shopping, contactless payments and overseas purchases.
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Get started at any age
Free Up has no minimum balance and can be opened at any age. It's designed for everyday personal banking.
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Track your progress towards savings goals
Use Goal Tracker in the mobile app to set savings goals and keep track of your progress over time.
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Add an overdraft if you need one
If you're eligible, you can apply for an overdraft to help cover unexpected expenses or temporary shortfalls.
Open a Free Up account
New to Kiwibank?
Welcome! Complete our online application form to join Kiwibank and open your first account.
Join nowAlready a Kiwibank customer?
Log in to internet banking and go to Apply & Open to make it happen.
Log in to Internet BankingOther accounts you may be interested in
Download Kiwibank’s Disclosure Statement or pick up a copy at your nearest Kiwibank.
Retail products aren't available to financial institutions or wholesale customers.