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Get your children off to a good financial start with a First Saver account.
There's no ATM, EFTPOS or Visa Debit Card on a First Saver account. It's just for saving.
Your kids will get a statement in the mail every six months.
First Saver account is available to anyone aged under 19 years. Accounts are opened in the child’s name but with different account set-up options available based on the child’s age.
You can't make bill payments, automatic payments or direct debits from a First Saver account. You can open an everyday account when your child is ready to start paying bills.
We’ll need to verify you and your child's identity, address, and proof that you're 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.
We'll need you to complete a one-off declaration on your child's behalf to certify their overseas tax residency before their account can be opened in their name. Once we’ve set up your child’s account, they'll be able to see their account in internet banking or the mobile app, the types of things they can access will depend on how old they are.