Opening a business account

The best way we can support you with opening a Kiwibank business account is getting to know more about you and your business. This is backing Kiwi business.

Talk to a specialist

Here's what to expect

To help you with the process of opening a Kiwibank business account, we've created a break down of what information and documents you'll need to gather before contacting us.

  1. 1
    Tahi

    Gather your details

    We require the following details to open a business account.

  2. 2
    Rua

    Collate additional documentation

    Additional information and documents may be needed based on:

    • your business type,
    • your trust structure,
    • if your business operates in specific sectors.

    Details can be found further down this page and in our Responsible Business Banking policy. Get in touch with our business banking team if you need clarification.

  3. 3
    Toru

    Get in touch

    Once you've collated all the documentation and information required, get in touch with us by:

  4. 4
    Whā

    Confirm your identity

    We need to verify your identity and residential address. All controlling people, major shareholders and anyone with more than 25% shares in your business or trust will also need to be verified. This includes directors, individual shareholders, general partners, limited partners, trustees, appointers, associated entities and office holders.

    Options for verifying your identity and address

    • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
    • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.

Additional information needed for the following

Sole trader

Trading name

Let us know your trading name.

If your trading name is also a registered entity in New Zealand or another entity trades under the same name, we'll be unable to use the name in our system. However, you can provide an alternative trading name.

Limited company

Additional information and documentation required

  • Your company must be registered on the relevant New Zealand companies office register with the full names of all current directors and shareholders.
  • Confirmation of any nominee directors or shareholders.

Shareholding entities

If you have a shareholder that holds under 25% you'll only need to provide the name of the entity. However, if they hold over 25% shares the following will be required:

  • If they are held by a trust, we require a copy of the signed original trust deed and any amendments or variations of the trust deed. All trustees and individuals with effective control will be required to verify their identity and address.
  • If they are held by a company, the company must be registered on the New Zealand companies office and up to date with the full names of current directors and shareholders.
  • If they are held by another entity or individual, you'll need to chat with our business banking team.

Options for verifying your identity and address

  • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
  • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.
Trust

Additional information and documentation required

  • The original trust deed and any amendments or variations of the trust deed.
  • All trustees and individuals with effective control will be required to verify their identity and address.
  • The address of the trust will need to be verified.

Professional trustee company

  • If your trust has a professional trustee company associated, at least one of the directors or one representative from the company will need to be verified.
  • The relevant New Zealand companies register is up to date with full legal names of all shareholders and directors.

Confirm source of wealth and/or source of funds

Documentation to verify the source of wealth and/or funds for the trust. Some examples of how to verify source of wealth include financial statements prepared by a registered accountant or a recent pay slip to verify salary or wages.

Options for verifying your identity and address

  • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
  • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.
Charitable trust

Additional information and documentation required

Confirm source of wealth and/or source of funds

Documentation to verify the source of wealth and/or funds for the trust. An example of how to verify source of wealth includes financial statements prepared by a registered accountant.

Limited partnership

Additional information and documentation required

  • Limited partnership agreement dated and signed by all partners.
  • The relevant New Zealand companies office registers are up to date with full legal names of all shareholders and directors and the limited partnership details.
  • Confirmation of any nominee directors, shareholders or general partners.

Shareholding entities or individuals

If an entity is a partner with more than 25% we'll require the below, dependant on the entity type.

  • If they're held by a trust, we require a copy of the signed original trust deed and any amendments and variations of the trust deed. In addition to this all trustees or individuals with effective control will be required to verify their identity and address.
  • If they're held by a company, this company must be on the New Zealand Companies Office register and up to date with current directors and shareholders.
  • If held within another entity or individual, you'll need to chat to our business banking team.

Options for verifying your identity and address

  • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
  • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.
Informal or formal partnerships

Additional information and documentation required

  • Formal - signed and dated partnership agreement.
  • Informal - completed Kiwibank partners’ certificate.
Incorporated society

Additional information and documentation required

Personal verification

The chairperson, treasurer, secretary and any other individuals who can control or manage your society (including officers listed on the incorporated societies and/or charities services registers) need to verify their identity and address.

Society officers' certificate

The society officers' certificate (SOC) needs to be signed by your chairperson, treasurer, secretary and any other individuals who can control or manage your society. This includes officers listed on the incorporated societies and/or charities services register and any individuals who have account access.

If you have more than 10 office holders you'll need to complete two forms.

Options for verifying your identity and address

  • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
  • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.
Unincorporated society

Additional information and documentation required

  • Completed Kiwibank society officers' certificate.

Personal verification

The chairperson, treasurer, secretary and any other individuals who can control or manage your society (including officers listed on the incorporated societies and/or charities services registers) need to verify their identity and address.

Society officers' certificate

The society officers' certificate (SOC) needs to be signed by your chairperson, treasurer, secretary and any other individuals who can control or manage your society. This includes officers listed on the charities services register (if applicable) and any individuals who have account access.

If you have more than 10 office holders you'll need to complete two forms.

Options for verifying your identity and address

  • Verify with ID checker on your smartphone - we'll send a text message to your NZ registered mobile phone with a secure link to complete the process.
  • Verify in branch - visit your nearest Kiwibank, bring your identification and proof of address with you.

Once you're up & running

Let's get you set up with a business account

Your success is important to us, so when you join us, our dedicated business banking team will work with you to find the best accounts, services and banking solutions for your business.

Find a business banking specialist

Find a business banking specialist in your area. Request a call back, or call them directly.

Switch to Kiwibank

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
Mon – Fri: 8am – 5pm.

You might also be interested in...