Rabobank, which includes RaboDirect, has a legal obligation to collect information about foreign tax residents, and report it to the national tax authorities under the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA).
For more information download our leaflet
All New Zealand banks have to collect information about foreign tax residents from 1 July 2017, under the:
Without this information, we are unable to open an account. Read more about the CRS & FATCA on the IRD website