Back in 2002, we launched with a thought: New Zealand needs a better banking alternative—a bank that provides real value for money, that has Kiwi values at heart, and that keeps Kiwi money where it belongs—right here, in New Zealand.
So we set up shop in PostShops throughout the country, putting us in more locations than any other bank in New Zealand literally overnight (without wasting millions on new premises!).
Just a few short years later, we have more than 800,000 customers, with hundreds more joining each week.
We have more than 1000 Kiwibank staff around the country and a nationwide ATM network. We're in more than 250 PostShops, which means we can stay open longer than other banks, even on weekends in many places.
Kiwibank's full range of accounts and services are leading the charge.
We're challenging the Aussie banks and their old fashioned thinking. As well as being voted New Zealand’s Most Trusted Bank three years in a row at the Readers Digest Trusted Brand Awards, we are:
New Zealand Post Limited, our parent company, has guaranteed our payment obligations, including any payment obligation in respect of any deposit made with us. The guarantee does not apply to payment obligations where the terms of the obligation expressly provide in writing that the obligation will not have the benefit of the guarantee. This means that the guarantee does not apply to unsecured, subordinated bonds issued by us. The guarantee is not secured and its amount is not limited. The guarantee is unconditional and is terminable by New Zealand Post Limited upon three months' notice to us. Any such termination does not affect any existing payment obligations owed under the guarantee at the termination date.
Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank and are issued by Kiwibank Investment Management Limited. Download the Terms and Conditions for the PIE Term Deposit Fund (PDF 46 KB) or pick up a copy from your local Kiwibank.