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Verifying a New Zealand-Registered Business

Businesses registered in New Zealand must complete both identity verification and submit supporting documents for account approval.

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Verification Process

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Identity Verification

The account representative must complete:
  • ID verification
  • Selfie submission
This step is completed after the business bank account is successfully linked.

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Document Verification

Submit the following documents:
  • New Zealand Business Number (NZBN)
  • Business Registration Document that includes shareholder names
  • Supporting documents showing proof of business operations
If the account representative is not listed in the registration profile:
  • A signed Letter of Authorisation (LOA) from a company secretary or director
  • Identification documents (with signature, e.g., passport) of both:
    • The account representative
    • The person signing the LOA
Our Compliance team may request additional documentation depending on your business type or ownership structure.

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Common Additional Requirements

  • Complex ownership structures → Provide a detailed Beneficial Ownership Structure
  • Multiple shareholders or partners → Provide valid ID of any owner/shareholder with 25%+ ownership
  • Regulated industries → Submit applicable licenses:
    • Passenger Services: P Endorsement on driver’s licence and Transport Service Licence (TSL)
    • Alcohol Businesses: On-licence, off-licence, or club licence issued by the Local District Licensing Committee under the Sale and Supply of Alcohol Act 2012
Ensure all documents are clear, valid, and legible. Mismatches in names or incomplete submissions may delay onboarding.

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FAQs