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Allowed Banks

To meet regulatory requirements in New Zealand, a wallet can only be activated after it receives its first funding transaction from the customer’s own bank account. That bank must be one of the approved banks listed below.

note

Let your customers know: only the first funding must meet this requirement. After activation, they can fund the wallet from other banks or sources.

List of Allowed New Zealand Banks​

  • ANZ Bank New Zealand Ltd
  • ASB Bank Limited
  • Australia and New Zealand Banking Group Limited
  • Bank of Baroda (New Zealand) Limited
  • Bank of China Limited
  • Bank of China (New Zealand) Limited
  • Bank of India (New Zealand) Limited
  • China Construction Bank Corporation
  • China Construction Bank (New Zealand) Limited
  • Citibank N A
  • Commonwealth Bank of Australia
  • Heartland Bank Limited
  • Industrial and Commercial Bank of China (New Zealand) Limited
  • Industrial and Commercial Bank of China Limited
  • JPMorgan Chase Bank NA
  • Kiwibank Limited
  • Kookmin Bank
  • MUFG Bank, Ltd
  • Coöperatieve Rabobank U.A. trading as Rabobank Nederland
  • Rabobank New Zealand Limited
  • Southland Building Society
  • The Co-operative Bank Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • TSB Bank Limited
  • Westpac Banking Corporation
  • Westpac New Zealand Limited

If you have questions or need clarification on this requirement, please reach out to your Nium account manager or Nium Support.