Business account fees in New Zealand range from no monthly fee to a monthly plan charge, with extra costs for some transaction, cash and international activity. The headline fee is only part of the picture.
- Can a non resident open
- Possible, but most banks want at least one New Zealand resident director and apply strict offshore checks.
- Typical timeline
- Often a few business days for digital providers, longer for the major banks.
- Free account available
- Yes, some accounts have a no monthly fee option as of 20 March 2026. Verify with the provider.
- Most providers
- Multiple business accounts
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How business account fees work in New Zealand
Three fee layers matter in New Zealand. The monthly account fee, which can be zero. The per transaction fees, which may apply to some electronic, cash and cheque activity. And the international fees, which include currency conversion margins and transfer costs. A low monthly fee can still mean high international costs, so compare the layer that matches how you trade.
Monthly account fees
Some accounts have a no monthly fee option as of 20 March 2026. Wise Business charges no monthly fee, with a one off NZ$40 to set up the account and enable its features and details. Airwallex offers a NZ$0 a month Explore tier that includes its global account, cards and payments. The major banks, ANZ, ASB, BNZ, Westpac and Kiwibank, price business transaction accounts by plan, and some carry a monthly or per item charge. Verify current figures with each provider.
Transaction and international fees
International payments are where fees differ most. Wise Business conversions are typically between 0.35 and 2 percent as of 20 March 2026, with free incoming payments and a one off setup fee. Airwallex applies a currency conversion margin on its Explore tier and provides local NZD account details. Per transaction, cash and cheque fees vary by provider and plan. Always confirm the current rate card with the provider.
Fees to check before you apply
When comparing business account costs in New Zealand, check these fee types, as of 20 March 2026. Verify with the provider
- Monthly account or plan fee, any setup fee, and any conditions that waive them.
- Per transaction fees for electronic, cash and cheque payments.
- International costs, including the currency conversion margin and transfer fees.
How to compare fees
- List how you actually transact, including monthly volume, cash use and international payments.
- Compare the monthly fee, the per transaction fees and the international margin side by side, not just the headline price.
- Confirm the current rate card with the provider before you apply, because fees change and vary by plan.
Compare business accounts available in New Zealand
These providers accept business customers in New Zealand. Fees and eligibility shown as of 20 March 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in New Zealand
Is there a business account with no monthly fee in New Zealand?
What fees apply to international payments from a New Zealand business account?
Do New Zealand banks charge for in person or cash transactions?
Does a low monthly fee mean a cheaper account overall?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 20 March 2026. Confirm current terms with the provider before applying.