Features & benefits
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No minimum balance required.
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No transaction fees if your child is under 19 years of age.
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Help teach your child about money and saving.
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Open multiple accounts with custom nicknames and images to help your child keep on top of their money.
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Encourage your child to set savings goals and track their progress through Goal Tracker.
Accounts that grow with them
Free Up - Everyday account
You can open our easy to manage Free Up account for your tamariki at any age with no minimum balance. From 10 years old they can get an ATM/EFTPOS card with parental or guardian permission, and from 13 years old they can open an account themselves.
Online Call - Savings account
With an Online Call account tamariki are able to have immediate access to funds and still earn a return. Your child can also personalise their account name to something like ‘Sam’s PlayStation’ to help encourage them to save.
Notice Saver - Savings account
With a Notice Saver your child can earn a good rate of return on their savings. But instead of instant access, we'll need notice before the savings can be withdrawn.
Term Deposit - Investment
A Term Deposit is a steady and reliable way for your child to grow their savings. The savings can be locked in at a competitive rate for a fixed term - anywhere from 30 days to five years.
What children can do at what age
Under 7 year olds |
A parent or guardian will need to open and operate the account/s on the child's behalf, as well as make any cash withdrawals. |
7+ year olds |
If your child has a Free Up account, they can withdraw money over the counter – a parent or guardian will need to co–sign the withdrawal. They'll be able to access read-only internet banking and the mobile app so they can see their balance. |
10+ year olds |
If your child has a Free Up account, they can get an ATM/EFTPOS card with their parents' or guardians' permission. |
13+ year olds |
Can do the following without parental or guardian permission:
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Opening a kids account
If you’re keen to open an account with Kiwibank for your child, let’s get started.
Child under 13
Opening an account if you child is under 13
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1Tahi
Give us a call on 0800 523 523 to chat about your child's account requirements and set up their customer profile. Since your child's account will be linked to yours, we'll need to set up a profile for both of you (unless you already have one).
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2Rua
Once we've set up their profile, we'll need to verify you and your child's identity and address, and that you are the child’s parent or legal guardian. To do this we can make an appointment for you at your nearest Kiwibank or you can go to your nearest Local for Kiwibank. Please bring some ID and proof of address as well as proof of relationship, this could be an original birth certificate, passport with the same surname, court order or letter from Oranga Tamariki - Ministry for Children to your appointment.
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3Toru
Once we've set up your child's account, you’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.
Child over 13
Opening an account if you're 13 - 17 years old
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1Tahi
You can start to open an account by joining online.
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2Rua
Before you're able to use your new account, we'll need to verify your identity and address. To do this give us a call on 0800 523 523 to make an appointment at your nearest Kiwibank or local for Kiwibank with some ID and proof of address.
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3Toru
If you only have a New Zealand birth certificate, we can accept that as your ID. If you don’t have proof of address, we can also accept your parent or guardian’s.
You may also be interested in
Building financial literacy with Banqer
We're passionate about growing the financial literacy of the next generation. That's why we partner with Banqer to enable primary and secondary school classrooms throughout the country to prepare for the financial world ahead.
Standard terms and conditions
Interest rates are subject to change.
Retail products aren't available to financial institutions or wholesale customers.
We stopped offering our First Saver savings account. If you have one of these accounts you can find information about their rates and fees on our products no longer offered page.