Compare accounts rates & fees

Compare the interest rates, transaction fees and limits on our everyday and savings business accounts.

Rates & fees

Everyday & savings business accounts

Interest rates are subject to change. Service fees, including international service fees, may apply.

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Business Edge

Notice Saver1

Business Online Call

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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

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

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

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.

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:

  • The advertised rate on the day your application to break is approved, for the number of days the money was actually invested, less 2%; or
  • The advertised rate on the day the term deposit was opened, for the number of days the money was actually invested, less 2%.

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:

  • the amount withdrawn multiplied by the current rate of return divided by the number of days in the year. This is then multiplied by the notice period;
  • the interest earned and accrued over the previous period equivalent to the notice period.

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 banker

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.

Call 0800 601 601