Before you can open an account with Kiwibank, we'll need to verify your identity, address and overseas tax residency status. In some cases, we may also need to verify your source of wealth or funds.
We’re required by law to check your identification (ID) and proof of address at certain times, including when you open an account with us as a new or existing customer.*
*This process is called Customer Due Diligence and is required under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. This protects the integrity and reputation of the financial system in New Zealand and around the globe from the threats of money laundering and the financing of terrorism. It’s a routine process to prevent our services from being misused for criminal activity. We need to check your ID and proof of address in order to verify your full name, date of birth and address.
**This information is required under the Tax Administration Act 1994. As a New Zealand financial institution, Kiwibank must identify accounts held by customers who are foreign tax residents or entities connected to foreign tax residents, and must report prescribed identity and financial information about these accounts to Inland Revenue annually.