Moving to New Zealand

We've made it easy for you to move your money to New Zealand. If you meet our criteria we'll have your Eftpos card ready when you arrive and we can quickly arrange any other services you might need.

Why Bank of New Zealand?

We’re one of New Zealand’s leading full-service banks and we’ve been helping people start a new life in this country since 1861. We offer online account opening options, competitive exchange rates and friendly efficient service. Here’s some information to help you get to know more about us and the products and services we can offer.

Getting started

Step 1: Apply to open an account

In most cases we’ll set up your bank account within three working days and assign you a dedicated migrant banking specialist who can provide financial advice to help you prepare for your move to New Zealand. We don’t need copies of your ID or other documents at this stage, but we’ll need to check them once you're here in New Zealand.

Open an account online now

Step 2: Move your money into your new account

Your new account is like a holding account. Once you have the account number you can start moving money into it. Your exchange rate will be the market rate at the time of transfer. A processing fee will apply. We’ll confirm deposits into the account by email, but you won’t be able to access the account online or make withdrawals from it until you come in to see us. If your plans to move to New Zealand change for any reason, or your account is not activated within 12 months of being opened, your funds will be returned to the account you transferred them from.

Step 3: Activate your Bank of New Zealand account

Before you leave make an appointment to visit your migrant banking specialist in New Zealand to complete your documentation, activate your account and pick up your new Eftpos card. If you applied for a joint account, you’ll both have to be present at the same time. You’ll be able to access your money as soon as your account is activated. We can also arrange internet and telephone banking, credit cards and any other products or services you require.

Migrant help and support

If you need help, contact our New Zealand team on +64 9 976 6318 (international charges will apply) or bnzmigrant.banking@bnz.co.nz

You can also contact our migrant teams around the world.
United Kingdom: +44 207 710 1930 or migrant.banking@eu.nabgroup.com
Australia: +61 3 8634 1393
China: +86 21 2089 0288
Singapore: +65 6419 6875)
Hong Kong:   +852 2826 8111
India: +91 22 6198 8200

Small Print

Our normal account opening criteria apply. The full details of the standard terms and conditions applying to New Resident Accounts and a copy of our disclosure statement are available on this website.

Bank of New Zealand (BNZ) is a registered and incorporated bank in New Zealand. It is regulated in respect of its deposit taking business by the Reserve Bank of New Zealand. Deposits with BNZ are not covered by any deposit guarantee scheme in New Zealand or any other jurisdiction but are covered by an independent dispute resolution scheme operated by the New Zealand Banking Ombudsman and approved by the Ministry of Consumer Affairs (for the purposes of the Financial Service Providers (Registration and Dispute Resolution) Act 2008). As at 30 September 2013, BNZ’s total paid up capital and reserves were NZ$5,393 million. Before acting on any advice in this advert, BNZ recommends that you consider whether it is appropriate for your circumstances. This product is issued by Bank of New Zealand. Bank of New Zealand is wholly owned by National Australia Bank Ltd which is an Australian incorporated company.