Accounts for kids and teenagers

Open a bank account to start saving and managing money.

How to open an account

Account options

You can apply for a transaction account or a savings account for children and teenagers.

YouMoney

A transaction account for things like lunch and activities.

  • Up to 25 accounts.
  • No credit interest (0% p.a.).
  • No monthly account fee.
  • Unlimited withdrawals.
  • No transaction fees.^
  • Can be connected to a Flexi Debit Visa or Eftpos card.
More about YouMoney

Rapid Save

Save for something special with a savings account that earns interest.^

  • No monthly account fee.
  • Earn -% interest p.a.^^
  • One free withdrawal each bank month,^ after that each withdrawal costs $3.^
More about Rapid Save

Features and benefits

From everyday spending to learning to save, we’ve got tools to help tamariki build good money habits. If they’re under 13, a parent or guardian can link the the child’s account to their BNZ app. From 13, they can start using the BNZ app.^

Learn to keep track of spending

The Activity tab in the BNZ app shows spending categories, helping kids learn to manage their money, and giving you a tool to teach them about spending.

More about tracking your spending

Set goals and watch progress

Each account can be customised with a savings goal, and a progress bar will show kids how close they are to reaching it.

Setting a savings goal in the BNZ app

Personalise their experience

Kids can personalise each of their accounts with their own nicknames, and upload their own pictures.

Get them their first Flexi Debit Visa

Children that are 13 or older can get a Flexi Debit Visa card in their own name. They’ll learn about smart spending and managing their money by using the BNZ app. Their first experience with a debit card can be as flexible as they need it to be.

Find out more

Eftpos cards

An Eftpos card may be suitable for children aged 10 or older. It can be opened in their own name, it’s PIN protected, and easy to use. They can get started with depositing money, making in-store purchases, and ATM withdrawals.

For 10-12 year olds, the parent or guardian will need to visit a branch and complete an indemnity form. Children 13 and older can get an Eftpos card without the approval of a parent or guardian.

Account ownership

If the child is under 13, a parent or guardian will need to open and operate the account. The child is still the account owner, and the account will be in their name.

From 13, the child can open and operate the account themselves. If the parent or guardian wants to act on the account, they can be added to the account if the child agrees. Children aged 13 and over can also choose to remove a parent or guardian from their account.

How to open an account

If the account is for someone under 13, it needs to be opened in a branch. If the account is for someone aged 13-17, it can be opened either in branch or online through RealMe.®

In branch (0-17 year olds)

What you’ll need:

If the child is under 13 and can’t come into the branch, you’ll need a trusted referee like a registered doctor or teacher to certify their ID and proof of address. More about trusted referees

Call 0800 275 269

RealMe® (13-17 year olds)

You’ll need your RealMe® login details to open an account online.

Apply now

Helpful guides

Raising financially savvy children

Money is an important part of life. Teaching your children how it works and handy management habits when they’re young can set them up for success in the future.