Natalie (15 years)
"I never share my personal details or account information with anyone. This is a good way to protect my money, so that nobody can access my account."
Headstart is our account for under-18s
Earn interest
Our only everyday transaction account that earns you interest on every dollar.
No fees
No monthly account or transaction fees for the lifetime of your account.
Bank on the go
It's like having the bank in your pocket. Check your balance and statements 24/7 and transfer money between accounts in real time with ASB Mobile Banking app.
How we can help
For teens
You've got the bank account. Now what?
Now is the best time to create good money habits. To set goals that set you up for the future.
Whether you have your first part-time job and want some tips for not spending all your pay, wondering what's worth saving for, or how to make sure you don't get scammed, we have all the info right here.
And if there's a question we haven't answered, you can get in touch with us or ask a parent.
For parents
We get it, managing money is a big responsibility for your teen. Consider us a team, we're here to support with any questions you or your teen may have.
Our job is to provide the products, tools and know-how to help your teen feel supported and empowered to manage their money. It's never too late - or early - to learn good money habits, and we want to help set your teen up for success.
How to set up good money habits
Step 1: Open your account
Setting up your own finances is a big deal, so remember to answer all questions honestly, especially the tax stuff.
If you've lived and worked overseas at any point, or you're a citizen of another country, the tax stuff can be a bit confusing. Get your parent to help, or book an appointment to come into an Advice Centre.
Step 2: Confirm you're you
We're required by law to check that you’re who you say you are. That's why we need proof of your identity and address. You can provide this in the ASB ID app, or book an appointment to come into an Advice Centre with your documents.
A birth certificate, passport or a NZ driver licence (if you have one) works best for your identity. A letter addressed to you from the IRD or your school can work for your address.
Step 3: Grow your bank balance
Now you've got a bank account, you probably want to put some money in it. Whether you have a part-time job, pocket money or the odd coin, it all adds up.
Get in the habit of putting money into your account, and watch it grow with interest earned on every dollar.
Teen money tips
Charlie (15 years)
"I like that you can set a PIN/passcode to enter the app. And it’s super easy to transfer money."
Jess (17 years)
"Save money by making your coffee at home. $3-$5 per coffee can add up quickly. By having your morning coffee at home, you’ll save about $100 every month. That’s $1,200 a year!"
Vernon (16 years)
"I like that I can check my balance and that I get alerts. This gives me a good reminder of how much money I have left to spend."
Izy (16 years) & Malia (15 years)
"Our savings tip is you shop with your eyes first, and then only get what you actually need...or just not to go to the store at all and avoid the temptation."
How to get, and stay, one step ahead
How to shop online safely
If you've got yourself an ASB Visa Debit card, the excitement of being able to shop online can be very real.
There are some things you might need to look out for when shopping online so check out our best tips for spending safely online.
Your first part-time job
You'll remember your first after-school or part-time job forever. For many, starting out in a retail or hospo job leads to a career path, lifelong friends and many happy memories.
Setting a savings goal
The best way to save money is to have a clear goal of what you want to achieve. If you’re looking to fund a side hustle startup, holiday, education or even a house, setting a goal is the first step.
Lucky for you, we have everything you need to get started.
ASB Bank Limited's terms apply. Rates may change and service fees apply.