Key features & benefits
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No monthly account management fee and free online transactions.
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Bank online through internet banking and the mobile app.
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You can open multiple Free Up accounts with custom nicknames and images to help you keep on top of your money.
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Can be opened at any age with no minimum balance.
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No transaction fees if you're under 19 years or over 65 years of age.
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You can choose between an EFTPOS or a Visa Debit Card.
Rates & fees
Deposit at Kiwibank branch |
$3 per transaction No fee for the first deposit each month |
Withdrawal at Kiwibank branch |
$3 per transaction |
Account management fee |
No fee |
Electronic transactions – online, EFTPOS, automatic payment, direct debit, bill payment |
No fee |
Transfers – for electronic transfers between your Kiwibank accounts |
No fee |
ATM withdrawal |
No fee |
Unauthorised overdraft rate |
626 - Overdraft unauthorised rate (active) If your account goes into negative balance or exceeds any agreed overdraft limit |
Interest rate |
Free Up (hard-coded) for balances $0+ |
Interest rates are subject to change. Service fees may apply.
How it works
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Managing your account
Access your money anytime with our mobile app, internet banking, text and phone banking as well as ATM and EFTPOS.
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Overdrafts
You can apply for an overdraft to help you cover unexpected expenses or purchases.
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Open an account from any age
A Free Up account for your child could help them learn how to manage their money as they reach certain ages.
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Verifying your identity
If you’re opening a new account with Kiwibank, we'll need to verify your identity when you join.
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Savings
Set up and track your savings goals in internet banking with Goal Tracker.
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Statements
Review your transactions using internet banking or our mobile app. If you'd like a statement fees apply.
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Eligibility
Free Up is available to personal banking customers, which includes non-personal customers for non-business use.
Open a Free Up account
New to Kiwibank?
Welcome! Complete our online application form to join Kiwibank and open your first account.
Join nowAlready a Kiwibank customer?
Log in to internet banking and go to Apply & Open to make it happen.
Log in to Internet BankingOther accounts you may be interested in
Download Kiwibank’s Disclosure Statement or pick up a copy at your nearest Kiwibank.
Retail products aren't available to financial institutions or wholesale customers.