Teach your kids how to be good with money

Piggy banks are old-school. Prepare your tamariki for their future by teaching them how to bank the way you do, with a YouMoney account.

How to open an account for your kids

YouMoney at a glance

  • Up to 25 accounts
  • No credit interest (0% p.a.)
  • No monthly account fee
  • Unlimited withdrawals
  • No transaction fees^

Designed for the digital generation

These days, our tamariki know how to use technology before they learn to kōrero, so it makes sense that their financial education starts online, too. That’s where a YouMoney account^ comes in.

Let their imagination run wild

Kids can personalise each of their accounts with their own nicknames, and upload their own pictures.

Set goals and watch progress

Each account can be customised with a savings goal, and a progress bar will show kids how close they are to reaching it.

Move money with drag and drop

The drag and drop feature is a fun and visual way to move money between different accounts, or pay people.

Get them their first Flexi Debit Visa

Thirteen-year-olds and up can get a Flexi Debit Visa card in their own name. They’ll learn about smart spending and managing their money by using the BNZ app. Their first experience with a debit card can be as flexible as they need it to be.

Find out more

Learning can happen anywhere with the BNZ app

Your tamariki can learn how to be good with money anywhere, anytime^ when you download our free app for Apple^ and Android^. 

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Eftpos cards

An Eftpos card is a suitable option for under thirteen-year-olds getting started with depositing money, making in-store purchases and ATM withdrawals. They can open it in their own name, it’s PIN protected and easy to use.

How to open an account for your kids

To open accounts for children under 18 years old, you’ll need to verify their identity, confirm their address and in some instances, provide additional documents for yourself as the parent(s) or guardian(s).

Accounts for children under 13 years

To open an account for your child under 13 years old, you’ll need:

  • ID and proof of address for yourself as the parent(s) or guardian(s). See ID requirements for valid documents you can bring. (If you’re the legal guardian of a child, you might need to supply additional documents as evidence of this.)
  • Your child’s ID as per options 1 and 2. If using option 2, a non- photo form of ID can be used as a stand-alone document (i.e. your child can provide their birth certificate as a stand-alone ID document).
  • Confirmation of your child’s address as per our address requirements. Your child can also use a letter from a registered medical practice or hospital as proof of address.
  • If you’re unable to go into a branch, you are able to use a trusted referee for ID certification.
  • For any queries please call 0800 275 269 or visit your nearest branch.

Accounts for children 13 years and over

To open an account for your child (13-17 years), you’ll need:

  • ID and proof of address for yourself as the parent(s) or guardian(s) if you will be acting on the account. See ID requirements for valid documents you can bring. (If you’re the legal guardian of a child, you might need to supply additional documents as evidence of this.)
  • Your child’s ID as per options 1, 2 or 3. If using option 2, a non-photo form of ID can be used as a stand-alone document (i.e. your child can provide their birth certificate as a stand-alone ID document). If using option 3, a New Zealand learner endorsement can be used together with one of the group 3 options.
  • Confirmation of your child’s address as per our address requirements. Your child can also use a letter from a registered medical practice or hospital as proof of address.
  • If you’re unable to go into a branch, you are able to use a trusted referee for ID certification.
  • For any queries please call 0800 275 269 or visit your nearest branch.

Account opening and lending criteria, terms and fees apply. BNZ standard terms and conditions apply to all BNZ transaction and savings accounts. Details of our fees can be found in our Fees Guide PDF 136Kb. Rates and fees are subject to change.

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