Banking in New Zealand consists of a range of financial institutions and banks. Such as the Reserve Bank of New Zealand, commercial and merchant banks, trust savings banks and the Postal Savings Bank of New Zealand.
Services provided by commercial banks in New Zealand include:
- Deposits to and from bank accounts
- Loans to citizens and businesses
- Savings accounts and term deposits
- Processing transactions in foreign currencies
- Supporting international trade operations and
- Allowing overseas transfers through the use of SWIFT codes
Below are all the New Zealand banks and a brief introduction of who they are. The majority of the banks are incorporated in New Zealand itself, while a few are branches of overseas-incorporated banks.
If you believe we have missed one, feel free to let us know! We are always looking to improve the information and user experience of our website.
ANZ Bank is a banking arm of the Australia and New Zealand Banking Group Limited, largest banking and financial services group the country.
ASB Bank is a bank in New Zealand, a subsidiary of the Commonwealth Bank of Australia. Originally founded in 1847 as the Auckland Savings Bank.
Bank of Baroda (New Zealand) Limited is a subsidiary of India’s International Bank. Officially registered as a bank since 2009 under the RBA Act (1989).
Bank of China (New Zealand) Limited is a subsidiary of China’s most diversified and internal bank, Bank of China. Their main office is located in Auckland.
Bank of India (New Zealand) Limited is a wholly owned subsidiary of The Bank of India (BOI). It currently has 3 branches around New Zealand.
Bank of Tokyo-Mitsubish UFJi (New Zealand) Limited is a subsidiary of Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ following a merger in 2006.
BankDirect is a fully online subsidiary of ASB bank, allowing customers to use their services via internet, phone, or mobile.
Bank of New Zealand (BNZ) is one of largest banks in the country with 180 branches, with more than 5000 employees assisting their customers.
Citibank New Zealand is a part of Citigroup, one of the largest financial services organisations in the world, with over 240,000 staff in over 100 countries.
Cooperative Bank New Zealand is the only country’s bank owned by its members. The bank currently has more than 135,000 customers in New Zealand.
Deutsche Bank New Zealand is a subsidiary of the German global banking company. They ceased operations in New Zealand in August 2016.
HBS Bank (also known as Hastings Building Society) operates as a division of the SBS Bank with branches serving the Hawke’s Bay region.
Heartland Bank was established in 2011 as a result of the merger of four financial organisations in New Zealand.
HSBC New Zealand is a branch of The Hongkong and Shanghai Banking Corporation. Offering financial services in New Zealand since 1987.
Industrial and Commercial Bank of China (New Zealand) Limited is a subsidiary of the largest bank in the world, Industrial and Commercial Bank of China.
Kiwibank is one of the largest banks in NZ, a subsidiary of the state-owned New Zealand Post Limited.
Kookmin Bank is a South Korean bank which has been operating in New Zealand as well since its registration in 1997. Making it one of the older banks.
Rabobank New Zealand operates as a subsidiary of the world’s leading Dutch-based food and agribusiness bank Rabobank Groep N.V.
RaboDirect New Zealand is the country’s first online only bank that specialises in savings accounts and other investments..
SBS Bank is a bank operating nationwide and providing banking, insurance, financial and property management services.
TSB Bank is a New Zealand-owned bank. Established in 1850, it’s grown to a network of 14 branches in the Taranaki, Hastings, Hamilton, and Tauranga areas.
Westpac New Zealand is the second largest bank in the country, a subsidiary of the Western-Pacific, one of the Australia’s big four banks.