[Philip10]

Has anyone any knowledge of KiwiBank, it took me 24 hrs and one email to open an account from the UK, have not put in any money yet, are they OK

[Peter&Liz]

I think KiwiBank is state owned so your money should be safe!

Peter

[bee]

Have been with kiwibank for a couple of years,
friendly, fast and reliable customer service,
many atms ...
and nz owned and oparated :laugh
so you should be ok.

[Wonderbob]

Yeah, just about all Kiwi banks are in fact Australian owned. Even the National Bank which was owned by Lloyds, has been bought by ANZ. Their profit last year was $1B, which is a stupendous figure for a country of a little over 4 million.... They also decided yesterday that they needed to sack 400 staff so they could send the jobs to India, as the shareholders weren't happy. Apparently $1B isn't enough of a profit.........The greed of these companies beggars belief. So KiwiBank and I think TSB are the only Kiwi owned banks left, go support them!

[lockstock]

They do cool TV ads if that helps!

[Peter&Liz]

Yeah, just about all Kiwi banks are in fact Australian owned. Even the National Bank which was owned by Lloyds, has been bought by ANZ. Their profit last year was $1B, which is a stupendous figure for a country of a little over 4 million.... They also decided yesterday that they needed to sack 400 staff so they could send the jobs to India, as the shareholders weren't happy. Apparently $1B isn't enough of a profit.........The greed of these companies beggars belief. So KiwiBank and I think TSB are the only Kiwi owned banks left, go support them!

Yip TSB is Kiwi owned from their website....

Even today, ownership of the bank remains vested in a community trust, with all profits staying right here in New Zealand. Where they belong.

http://www.tsb.co.nz/about/index.php

Having twice lost my job in the UK due to outsourcing to India, I'll be giving National Bank a miss!

Peter

[Wonderbob]

Having twice lost my job in the UK due to outsourcing to India, I'll be giving National Bank a miss!

Peter

Don't blame you mate, it's usury, no other word for it. The fees these banks charge will make your eyes water.....The Aussies are laughing all the way to the bank..................:mad:

[chocolate cake]

Don't blame you mate, it's usury, no other word for it. The fees these banks charge will make your eyes water.....The Aussies are laughing all the way to the bank..................:mad:

Agree, free banking seems to be unheard of over here. The Kiwi Bank does at least offer a fee free credit card which I'll apply for.

[AndyR]

free credit card is off limits for me! no way I'm having another credit card after the trouble I've been in.

[Jameelka]

We are with Kiwibank and find them very good and easy to use.
Also the cheapest mortage for us too.

[granger]

Yes go with the Kiwibank. If you keep your account above $4000 there are no fees. They have been good with us and the profits stay in NZ.

[Philip10]

Hi thanks for all your helpguys

Philip

[Potato]

I am with ASB but regret not going with Kiwibank. It's just too awkward to change now. Benefits of Kiwibank:

1) Many post offices are also branches
2) A decent number of these are open saturdays. Yes, saturdays! All too rare for NZ banks. :(
3) NZ owned.
4) If you're out in the sticks, you're more likely to find a post shop than a bank branch, this makes them good if you travel around the country often.

This may be from a different POV from others as I have little money and so cannot keep my balance above $4000 (in fact I have never had $4000).
With ASB I stop paper statements and that removes the monthly account fee. I am still annoyed though my all NZ banks charging for everything. They make enough profit of our cash which they use for devious means and provide us with no security. I don't see how they have the right to charge for basic services. It's just profiteering.