Studying in New Zealand
If you are studying or completing an apprenticeship in New Zealand, you can open a Streamline account once you arrive. All you need to do is visit an ASB branch when you arrive.
Get started on opening your New Zealand bank account. Select an option below.
Great reasons to choose us
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Set up bank accounts before moving to NZ: ASB offers a fully verified bank account application process for eligible customers prior to their arrival in NZ.
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Manage your money anytime: With FastNet Classic internet banking and the ASB Mobile Banking App, you can access and manage your money 24/7. Change currencies, transfer payments, and open new accounts as you require.
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Get assistance wherever you go: As one of New Zealand's biggest banks and a member of the Commonwealth Banking Group, we have Advice Centres across the country.
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Zero fees: Enjoy no monthly base or transaction fees with our personal and business everyday accounts, and $0 card fees on ASB Visa Debit Card.
How to open a bank account in New Zealand from overseas
Apply to open an account
Apply online to set up a bank account before you arrive in New Zealand.
Activate your account
An ASB Specialist will be in touch within 2 business days to request documents for identity verification and to help you set up your account.
Done, you can now move money across!
Once identity verification is complete, you'll be set up with an everyday Streamline bank account. You will be able to deposit money into it, by making an international payment. You can also apply for a digital Visa Debit card to use immediately upon arrival.
What you need to know before opening an account in New Zealand
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What are the requirements for opening a bank account in NZ?
If you aren't a New Zealand citizen, you'll need your foreign passport as proof of identity as well as an eligible visa. You'll also need proof of your residential address overseas, such as a bank statement or utility bill with your name and address. The proof must be dated within the last twelve months.
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How does New Zealand's banking system differ from others?
Carrying cash is less common in New Zealand. The majority of retailers in the country offer EFTPOS, so most people pay for day-to-day transactions by card. All banks offer internet and mobile banking, which is commonly used for transactions like wages or rent. A bank account is required to make cashless transactions in New Zealand.
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How do I bring my money to New Zealand once I have an account?
Once you have a fully verified bank account, you can deposit funds into your ASB account, and access it as soon as you arrive.
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What if I'm not ready to convert to New Zealand dollars?
If you want to hold onto your money in its current currency, open an ASB Foreign Currency Account. With this type of account, you can keep your original currency until you're ready to convert it to NZD.
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Who can open a bank account in New Zealand?
You don't need to be a NZ citizen to open a bank account as long as you have a valid long term visa, such as a study or work visa. With ASB, you can apply for a bank account even before moving to New Zealand, depending on your country of residence.
Options to consider
ASB Foreign Currency Account
An ASB Foreign Currency Account provides an easy way to manage your money between another country and New Zealand. Use it to hold foreign currency on-call or as a term deposit with ASB without needing to convert your money into New Zealand dollars until you're ready.
How can we help you?
Starting your business
Is your ambition to be your own boss? We have the business expertise and products to get you off to a great start.
Banking in New Zealand
Here's a quick summary of how banking works in New Zealand. You can find information on our currency, payment methods, banking terms and more.
Need help?
Visit a branch
When you're here, come and see us at one of our many branches across New Zealand.
We're here to help you
Frequently asked questions
Manage your account
ASB Bank Limited's lending criteria and terms apply. Fees may change. Refer to asb.co.nz for other fees and charges. The availability of insurance cover is subject to your application being approved. Exclusions apply. For full details, refer to the Policy Document which is available from ASB Bank Limited. This insurance is underwritten by IAG.