Banking in New Zealand
Best banks in New Zealand for expats & digital nomads
Opening a bank account is one of the first things you do after moving to New Zealand. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.
How to open a bank account in New Zealand
Migrants can usually open an account online before arrival, but full activation needs in-person ID verification and proof of an NZ address after you land. Get an IRD (tax) number so interest isn't taxed at the higher no-notification rate.
Wise multi-currency account
Wise is the option we recommend for almost anyone moving to New Zealand: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.
Open a free Wise account →Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.
Top banks in New Zealand
International accounts & neobanks
Full personal accounts in New Zealand (multi-currency; no crypto or stock trading there).
Used for cross-border business/freelance payments.
Availability changes; confirm on each provider's site.
Next steps in New Zealand
See the full New Zealand tax, cost and visa profile, or compare New Zealand with other destinations. Not sure where to go yet? Take the finder quiz.