Teach your kids how to be good with money

Piggy banks are old-school. Prepare your tamariki for their future by teaching them how to bank the way you do, with a YouMoney account. 

Designed for the digital generation

These days, our tamariki know how to use technology before they learn to kōrero, so it makes sense that their financial education starts online, too. That’s where a YouMoney account^ comes in. 

Illustration Personaliseaccount

Let their imagination run wild

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

Illustration Staymotivated1

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. 

Illustration Balancetransfer1

Move money with drag and drop

The drag and drop feature is a fun and visual way to move money between different accounts, or pay people. 

Illustration Createanaccount

Up to 25 accounts

Kids can have up to 25 YouMoney accounts for all their savings and expenses, which can be opened and closed as needed. 

Illustration Savings

Learn to keep track of spending

Transactions are updated as soon as they're made, so kids can start tracking how much they're spending and saving.

Illustration CutFees

No monthly account fee

The monthly account fee is waived for under-19-year-olds^, plus they'll get transactions and optional text alerts free.

Budgeting for beginners

Tamariki can learn the basics of budgeting and goal-setting, and have fun at the same time. Help them research the cost of things they'd like to buy, and set up accounts for their goals. 

bnz eftpos 300x186pxGet them their first Eftpos card

Thirteen-year-olds and up can get an Eftpos card in their own name, which means they can take responsibility for their own spending and saving. They'll learn more about managing their money if they're allowed to make their own decisions. 

Learning can happen anywhere with our mobile app

Your tamariki can learn how to be good with money anywhere, anytime^ when you download our free mobile banking app for Apple^ and Android^

app storegoogle play

 

YouMoney at a glance

  • Up to 25 accounts
  • No credit interest (0% p.a.)
  • Monthly account fee waived for under-19s^
  • Unlimited withdrawals
  • No transaction fees^

See full list of features and fees

How to open an account for your kids

To open accounts for children under 18 years old, you’ll need to verify their identity, confirm their address and in some instances, provide additional documents for yourself as the parent(s) or guardian(s).

Accounts for children under 13 years

To open an account for your child under 13 years old, you’ll need:

  • ID and proof of address for yourself as the parent(s) or guardian(s). See ID requirements for valid documents you can bring. (If you’re the legal guardian of a child, you might need to supply additional documents as evidence of this.)
  • Your child’s ID as per options 1 and 2. If using option 2, a non- photo form of ID can be used as a stand-alone document (i.e. your child can provide their birth certificate as a stand-alone ID document).
  • Confirmation of your child’s address as per our address requirements. Your child can also use a letter from a registered medical practice or hospital as proof of address.
  • If you’re unable to go into a store, you are able to use a trusted referee for ID certification.
  • For any queries please call 0800 ASK BNZ or visit your nearest store.

Accounts for children 13 years and over

To open an account for your child (13-17 years), you’ll need:

  • ID and proof of address for yourself as the parent(s) or guardian(s) if you will be acting on the account. See ID requirements for valid documents you can bring. (If you’re the legal guardian of a child, you might need to supply additional documents as evidence of this.)
  • Your child’s ID as per options 1, 2 or 3. If using option 2, a non-photo form of ID can be used as a stand-alone document (i.e. your child can provide their birth certificate as a stand-alone ID document). If using option 3, a New Zealand learner endorsement can be used together with one of the group 3 options.
  • Confirmation of your child’s address as per our address requirements. Your child can also use a letter from a registered medical practice or hospital as proof of address.
  • If you’re unable to go into a store, you are able to use a trusted referee for ID certification.
  • For any queries please call 0800 ASK BNZ or visit your nearest store.