Everyday & savings business accounts
Interest rates are subject to change. Service fees may apply.
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Everyday |
Savings |
Savings |
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Interest rates |
Business edge (active) for balances Business edge (active) |
Notice Saver 32 days $2,000 + (active) for 32 days notice period Notice Saver 90 days $2,000 + (active) for 90 days notice period |
Business Online Call $0 -$1,999 (active) for balances Business Online Call $0 -$1,999 (active) Business Online Call $2,000 + (active) for balances Business Online Call $2,000 + (active) Please note interest breakdown2. |
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Transaction fees |
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Account management fee |
$5 per month |
Free |
Free |
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Bulk payments fee (multiple payments and batch uploads) |
$0.20 per item |
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Deposit fee3 |
Free electronic deposits First 25 manual deposits at a Kiwibank branch are free per business per month, then $1 per manual deposit |
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First 100 electronic deposits are free per business per month, then $2 per electronic deposit First 100 manual deposits at a Kiwibank branch are free per business per month, then $2 per manual deposit |
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Electronic transfers between your Kiwibank accounts4 |
Free |
Free |
Free |
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Withdrawal fee - ATM5 |
Free |
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Withdrawal fee - automatic payment, bill payment and direct debit |
Free |
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Withdrawal fee - EFTPOS and online |
Free |
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Withdrawal fee - Kiwibank branch |
$0.70 per withdrawal |
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Inoperative account management fee |
When you haven’t initiated any transactions for one year and have a balance of less than $200 across all your everyday and savings account(s). $30 per year. This fee is charged across all your everyday and savings account(s). If there's less than $30 across all your everyday and savings account(s), we'll take whatever balance is in your account(s). Accounts with $0 balance before or after the fee is charged will be closed. |
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An unauthorised overdraft rate of 22% p.a. will apply if your account goes into negative balance or exceeds any agreed overdraft limit.
*We stopped offering our Business Performer savings account. If you have this account you can find information about their rates and fees on our products no longer offered page.
1 There are no transaction fees on our Notice Saver account, however early withdrawal charges may apply.
2 Breakdown of interest for Business Online Call below.
Business Online Call rewards you with bonus interest each calendar month when you make no withdrawals or transfers; and have a minimum balance of $2,000 in your account at any time.
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Balance |
Base rate |
Bonus rate |
Total rate |
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3 A cash handling fee will apply where you deposit more than $4,000 worth of notes or $200 worth of coins each day or where you withdraw more than $4,000 worth of cash each day.
4 Free transfers are only between Kiwibank accounts that are in the same name.
5 There are also service fees relating to other ATM transactions, for example if you choose to use an overseas ATM.
Make sure you also look at the sections in our business banking fees and limits brochure on service fees and international services fees.
Early withdrawal or termination charges
There are no transaction fees on our Business Term Deposit, PIE Term Deposit or Notice Saver accounts. However early withdrawal or termination charges may apply as follows:
Term Deposit early termination charge |
If you need to break your term deposit early a charge may apply to the interest you'll receive on the amount you want to withdraw. The charge is a reduction to the interest you’ll receive on the amount you want to withdraw early. The interest rate you'll receive on the money you withdraw early will be the lower of:
Visit our breaking a term deposit early page for more details. |
Notice Saver immediate withdrawal charge |
When you request an immediate withdrawal of part or all of your money from Notice Saver without giving the required notice. The amount of the charge varies depending on the amount being withdrawn, the current rate of return for your Notice Saver and the length of the required notice period. The immediate withdrawal charge is based on the lesser of:
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Service fees
See the fees you may pay for services on our business accounts and products.
Contact centre high use fee (applies across all your banking) |
When you use our contact centre First five calls per month free, then:
Your mobile service provider may charge you data or text messaging costs for mobile banking access or text banking messages. If you’re calling from overseas, charges by your network provider may apply. |
Cash handling fee - deposits |
When you deposit cash at a Kiwibank branch
Minimum fee $5 |
Cash handling fee - withdrawals |
When you withdraw cash at a Kiwibank branch
Minimum fee $5 |
Change order fee |
When you order change by internet banking for collection at a Kiwibank branch
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Investigation fee |
When you ask us to investigate something about your account. $60 per hour; minimum fee $15 |
Payment retrieval fee |
When you make a payment in error and ask us to retrieve the payment (even if the retrieval is unsuccessful)
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ATM/EFTPOS card replacement fee |
When you ask for a replacement ATM/EFTPOS card $15 |
Overseas ATM balance enquiry fee |
When you use your ATM/EFTPOS card or Visa Debit Card to make an ATM balance enquiry at an overseas ATM $1 per balance enquiry |
Overseas ATM cash withdrawal fee |
When you use your ATM/EFTPOS card or Visa Debit Card to withdraw cash at an overseas ATM $6 per withdrawal |
Overseas ATM transaction decline fee |
When you use your ATM/EFTPOS card or Visa Debit Card at an overseas ATM and the transaction declines $1 per declined transaction |
Overseas currency conversion commission |
When you use your ATM/EFTPOS card or Visa Debit Card for a foreign currency transaction 2.5% of the New Zealand dollar amount once converted |
Visa Debit Card annual fee |
What you’ll pay to have your Visa Debit Card $10 per card per annum (waived for the first year of the first card) |
Visa Debit Card cash advance fee |
When you use your Visa Debit Card to withdraw cash over the counter at another bank or financial institution $6 per withdrawal |
Visa Debit Card disputed transaction fee |
When you dispute a transaction made using your Visa Debit Card $15 per transaction receipt requested The investigation fee may also apply. |
Visa Debit Card replacement card fee |
When you ask for a replacement Visa Debit Card
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Automatic payments, recurring transfers or one-off payment set up and change fee |
When you set up or change an automatic payment, recurring transfer or one-off payment Free for 30 days from account opening, then:
This fee also applies if you choose to skip a scheduled payment/transfer. |
Bill payee set up and change fee |
When you set up or change a bill payee Free for 30 days from account opening, then:
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Statement copy fee |
When you ask us for a copy of an account statement $4 per statement |
Transaction history printout at branch fee |
When you ask us for a transaction history printout at a Kiwibank branch
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Limits
Maximum amount for ATM withdrawals |
The maximum amount that you can withdraw from ATMs using your ATM/EFTPOS card or Visa Debit Card. $2,500 per day. |
Maximum amount for purchases |
The maximum amount that you can purchase using your ATM/EFTPOS card or Visa Debit Card. $5,000 per day. |
Maximum amount for withdrawals and purchases from an account |
The maximum amount that you can withdraw from an account using ATM/EFTPOS cards and Visa Debit Cards linked to that account. $7,500 per day. |
Talk to us
To open a business bank account with Kiwibank, the director of the company must be a New Zealand citizen, or reside in New Zealand. If you'd like to open an account, get in touch with our business banking team.
Talk to a business banking specialist
Complete our online form and one of business banking specialists will get back to you within one to three working days.
Find a business bankerCall us
Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
Mon – Fri: 8am – 5pm.
Terms and conditions, and fees apply. Interest rates, fees and limits subject to change. See all business banking fees and limits and investments terms and conditions.
Kiwibank Notice Saver is a fund within a Portfolio Investment Entity (PIE). Units in Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited.
When Kiwibank converts foreign currency into New Zealand dollars, Kiwibank makes money on the conversion.