Rates & fees
Everyday & savings business accounts
Interest rates are subject to change. Service fees, including international service fees, may apply.
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Everyday |
Savings |
Savings |
Interest rates |
Business edge (active) for balances Business edge (active) |
Notice Saver 32 days $2,000 + (active) for 32 days notice period Notice Saver 90 days $2,000 + (active) for 90 days notice period |
Business Online Call $0 -$1,999 (active) for balances Business Online Call $0 -$1,999 (active) Business Online Call $2,000 + (active) for balances Business Online Call $2,000 + (active) Please note interest breakdown2. |
Transaction fees |
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Account management fee |
$5 per month |
Free |
Free |
Bulk payments fee (multiple payments & batch uploads) |
$0.20 per item |
— | — |
Deposit fee3 |
Free electronic deposits First 25 manual deposits at a Kiwibank branch are free per business per month, then $1 per manual deposit |
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First 100 electronic deposits are free per business per month, then $2 per electronic deposit First 100 manual deposits at a Kiwibank branch are free per business per month, then $2 per manual deposit |
Electronic transfers between your Kiwibank accounts4 |
Free |
Free |
Free |
Withdrawal fee – ATM5 |
Free |
— | — |
Withdrawal fee – automatic payment, bill payment & direct debit |
Free |
— | — |
Withdrawal fee – EFTPOS & online |
Free |
— | — |
Withdrawal fee – Kiwibank branch |
$0.70 per withdrawal |
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Inoperative account management fee |
When you haven’t initiated any transactions for one year and have a balance of less than $200 across all your everyday and savings account(s). $30 per year. This fee is charged across all your everyday and savings account(s). If there's less than $30 across all your everyday and savings account(s), we'll take whatever balance is in your account(s). Accounts with $0 balance before or after the fee is charged will be closed. |
An unauthorised overdraft rate of 22% p.a. will apply if your account goes into negative balance or exceeds any credit limit.
1 There are no transaction fees on our Notice Saver account, however immediate withdrawal charges may apply.
2 Breakdown of interest for Business Online Call below.
Business Online Call rewards you with bonus interest each calendar month when you make no withdrawals or transfers; and have a minimum balance of $2,000 in your account at any time.
Balance |
Base rate |
Bonus rate |
Total rate |
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3 A cash handling fee will apply where you deposit more than $4,000 worth of notes or $200 worth of coins each day or where you withdraw more than $4,000 worth of cash each day.
4 Free transfers are only between Kiwibank accounts that are in the same name.
5 There are also service fees relating to other ATM transactions, for example if you choose to use an overseas ATM.
We stopped offering our Business Performer savings account. If you have this account you can find information about their rates and fees on our products no longer offered page.
Charges
Early withdrawal or termination charges
There are no transaction fees on our Business Term Deposit, PIE Term Deposit or Notice Saver accounts. However early withdrawal or termination charges may apply as follows:
Term Deposit early termination charge |
If you need to break your term deposit early a charge may apply to the interest you'll receive on the amount you want to withdraw. The charge is a reduction to the interest you’ll receive on the amount you want to withdraw early. The interest rate you'll receive on the money you withdraw early will be the lower of:
Visit our breaking a term deposit early page for more details. |
Notice Saver immediate withdrawal charge |
When you request an immediate withdrawal of part or all of your money from Notice Saver without giving the required notice. The amount of the charge varies depending on the amount being withdrawn, the current rate of return for your Notice Saver and the length of the required notice period. The immediate withdrawal charge is based on the lesser of:
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Limits
Limits
The following limits apply to Business Edge accounts:
Maximum amount for ATM withdrawals |
The maximum amount that you can withdraw from ATMs using your ATM/EFTPOS card or Visa Debit Card. $2,500 per day. |
Maximum amount for purchases |
The maximum amount that you can purchase using your ATM/EFTPOS card or Visa Debit Card. $5,000 per day. |
Maximum amount for withdrawals & purchases from an account |
The maximum amount that you can withdraw from an account using ATM/EFTPOS cards and Visa Debit Cards linked to that account. $7,500 per day. |
A day is from midnight to midnight, New Zealand time.
Open an account
To open a business bank account with Kiwibank, the director of the company must be a New Zealand citizen, or reside in New Zealand. If you'd like to open an account, get in touch with our business banking team.
Talk to a business banking specialist
Complete our online form and one of business banking specialists will get back to you within one to three working days.
Find a business bankerCall 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.
Terms and conditions, and fees apply. Interest rates, fees and limits subject to change. See all business banking fees and limits and investments terms and conditions.
Kiwibank Notice Saver is a fund within a Portfolio Investment Entity (PIE). Units in Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited.
When Kiwibank converts foreign currency into New Zealand dollars, Kiwibank makes money on the conversion.