The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
Published on
Are you doing business in New Zealand but all your banking arrangements are set up in Australia? Tired of spending your time and money on International Money Transfers? If the answer is ‘yes’, then it’s time to take the plunge and open an NZ bank account.
It’s easier than you think, especially if you already have an account with a Trans-Tasman provider like ANZ Bank. Not only is it an effective way to help your NZ customers pay you faster, it simplifies the whole process of paying your NZ suppliers. Better still, it’s something you can do without leaving the country.
Follow these 3 simple steps to a more efficient business
Step One
Pick up the phone.
A short phone conversation with your bank will firm up your international banking needs and the name of the legal business entity that you want to use with the bank account.
Step Two
Verify with the bank that you are who you say you are.
To meet the legal and legislative requirements for opening an NZ bank account, your bank will have to ID all of people in your business that will operate it. This is something that can be done by local Australian bank staff.
Step Three
Sign a document.
The final step you need to take is to sign a mandate which sets out how the account can be operated and by whom.

Easy! Now you’ve opened your NZ bank account, you’ll be able to set up online access via Internet Banking, or your Smartphone, to make managing your account in New Zealand even easier.
Contact Charles or Angelo at ANZ today to discuss your NZ Banking needs
Charles Priestley
Business Banking Manager
Phone +649 2523813
Angelo Abrogena
Assistant Manager
Phone +649 2523812


Topics: Australian Business business bank account opening a bank account