New Zealand · Requirements

Requirements and documents for a New Zealand business account

Snapshot

To open a business account in New Zealand you usually provide the Certificate of Incorporation, the NZBN, the business IRD number, identity for directors and owners who hold 25 percent or more, proof of address, and details of your business activity and source of funds. The exact list varies by provider.

Business documents
Certificate of Incorporation, NZBN, and the business IRD number
People
Identity for directors and owners with 25 percent or more, and signatories
Address
Recent proof of the business address, usually under three months old
Activity
Business activity, expected turnover, and source of funds
Fees and features as of 26 March 2026Last reviewed 26 March 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

The documents to open a business account in New Zealand usually cover the business, the people behind it, and the source of funds. As of 26 March 2026, expect to provide the Certificate of Incorporation, the NZBN, the business IRD number, identity for directors and owners who hold 25 percent or more, proof of address, and details of your activity. The exact list varies by provider, so confirm before you apply.

What documents you need

Banks and fintechs in New Zealand verify three things, the legal business, the people who control it, and where the money comes from. As of 26 March 2026, the documents below are commonly requested, though each provider sets its own list and may ask for more. Confirm the current requirements with the provider.

Business documents

For a company, prepare the Certificate of Incorporation from the New Zealand Companies Office, the New Zealand Business Number, and the business IRD number from Inland Revenue. A sole trader trades under a personal IRD number and can still hold an NZBN. As of 26 March 2026, providers commonly expect these before they open the account. Verify with the provider.

People and address

Provide identity documents for directors, owners who hold 25 percent or more, and account signatories, plus recent proof of the business address, usually less than three months old. As of 26 March 2026, checks run under the AML and CFT Act, so the documents must be current and consistent. Confirm what is accepted with the provider.

Document checklist

A typical checklist looks like this, as of 26 March 2026. Verify with the provider

  • Certificate of Incorporation, NZBN, and the business IRD number.
  • Photo identity for directors, 25 percent owners, and signatories.
  • Recent proof of business address and a description of your business activity, expected turnover, and source of funds.

Compare business accounts available in New Zealand

These providers accept business customers in New Zealand and onboard online. Fees and eligibility shown as of 26 March 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in New Zealand

What documents do I need to open a business account in New Zealand?
Usually the Certificate of Incorporation, the NZBN, the business IRD number, identity for directors and owners who hold 25 percent or more, recent proof of address, and details of your business activity and source of funds. As of 26 March 2026 the list varies by provider. Verify before applying.
Do I need an IRD number for a business account?
Most providers expect the business IRD number for a company, while a sole trader uses a personal IRD number. As of 26 March 2026 requirements vary. Confirm with the provider.
Who counts as a beneficial owner for the checks?
Providers generally verify owners who hold 25 percent or more of the business, along with directors and signatories. As of 26 March 2026 thresholds and definitions can vary. Check the current rule with the provider.
How recent does proof of address need to be?
Proof of address is often expected to be less than three months old, such as a utility bill or official letter. As of 26 March 2026 this varies by provider. Confirm what is accepted before you apply.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 26 March 2026. Confirm current terms with the provider before applying.

Related guides