Being eligible for a Rabobank Online Savings Business account means that you are operating an account specifically for business purposes, including managing finances for a company.
Rabobank’s Online Savings Business account is currently offered to private and proprietary companies that meet the following criteria:
Incorporated in New Zealand and be registered with New Zealand Companies Register;
Be an active non-financial entity;
Have Directors and Shareholders who are all tax residents of and residing in New Zealand;
Any Director(s) of the Company is/are a Shareholder(s), and all Shareholders hold more than (not equal to) 25% of shares; and
All shares are beneficially held by individual Shareholders in their personal capacity (shares cannot be held by a Trust or other entity).
Additionally, to apply for a Business account you must be:
The Director of the proprietary/private Company; and
A New Zealand tax resident and reside in New Zealand.
You will need to be a Company Director. As the Company Director, you’ll need to have the following for the online application:
The Company’s name and New Zealand Business Number (NZBN);
A New Zealand bank account in the name of the Company with another financial institution;
A valid New Zealand driver’s licence or passport; and
Your mobile phone and smart device (mobile or tablet) to download our mobile app to access and operate your account.
When you submit your online application, you will be asked to download a Rabobank Online Savings Account Opening Authority form that you need to complete, sign and return. You will also need to organise for each Director and Shareholder to provide documentation to verify their identity.
The forms/documents should be sent to the addresses below:
Please return the Account Opening Authority form via email to: clientonboardingNZ@rabobank.com from the email address provided during your application. Please ensure the copy is of good quality and contains all pages.
OR
Please post all certified identification documents to:
Freepost 201424
Rabobank Online Savings
PO BOX 38567
Wellington 5045
If you have all the information readily available, it should take you approximately 30 minutes to complete and submit the application. Once submitted, the application will be reviewed and once all required documentation is received, processed by Rabobank.
The online application will automatically log out after 20 minutes of inactivity, so please ensure that you save the details entered before leaving the site.
RaboSaver, Term Deposits, PurposeSaver*, and NoticeSaver (60 days) products to business customers in New Zealand.
*The PurposeSaver product is available to customers only after their RaboSaver account is fully operational.
Please refer to Online Savings Rates for the latest information on available interest rates.
There are no minimum balance requirements apart from Term Deposits which require a minimum of $1,000 to open.
You may log in to Internet Banking via your computer or mobile app to view your balance or statements and transfer money.
You can contact the Customer Service team Monday to Friday, 8am - 6pm on 0800 22 44 33 to check the status of your application. If you have not submitted your application yet, you can navigate to ‘Apply for a Savings Account’ on the home page and click ‘Continue application’.
A Nominated Account is an everyday transaction account that you hold with another New Zealand financial institution. This is the account used to transfer money in and out of your Rabobank Online Savings account. Your Rabobank Online Savings account and Nominated Account need to be in the same name and entity type.
No, Rabobank Online Savings does not provide access to transactional accounts or a debit card.