Moving to New Zealand

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.