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.
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Is protected under the Depositor Compensation Scheme.
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 There are also Service fees relating to other ATM transactions |
Unauthorised overdraft rate |
626 - Overdraft unauthorised rate (active) If your account goes into negative balance or exceeds any agreed overdraft limit |
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. |
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 and address 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
If you’d like to open a Free Up account, let’s get started.
If you’re opening a new account with us, you'll need to verify who you are. You can do this from anywhere using your smartphone. Otherwise, you’ll need to take some ID and proof of address to your nearest Kiwibank.
If you're opening a new account for your child, we'll need to verify you and your child's identity, address, and that you are the child’s parent or legal guardian. Please bring some ID, proof of address, and proof of your relationship, such as an original birth certificate, court order or letter from Oranga Tamariki - Ministry for Children to your appointment.
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.