Who is eligible to open an account?

You may be eligible to open an account provided you are:

• 18 years of age or more
• Australian/New Zealand citizen or permanent resident
• Sole trader or director of the business – this means you are authorised to open a financial facility on behalf of the business.

To sign-up your business you’ll need the following:

• The ABN / NZBN for your business (which will be the borrower)
• Australian/New Zealand citizen or permanent resident
• Confirmation your business (the borrower) has been in operating for at least 1 year
• Authority to open this account for your business (i.e. you must be the sole trader, a director, a partner or a trustee of the business)
• Your business bank account login details
• Your business estimated annual turnover and net profit
• One form of ID:
  1. Australian / NZ Driver Licence; or
  2. Australian / NZ Passport

What is the application process?

• Download the app
• Provide your email and mobile number – this will be your login credential
• Provide your Photo ID – we will need name, DOB, address, DL / PP number
• Business details – ABN / NZBN
• Bank login
• Estimated turnover / net profit
• You can request a credit limit (up to $30k) or we will automatically assign one for you

How long will the application take?

• We will try to approve you instantly – in some instances we may need to review your application (expected turnaround 1 business day)
• If there are other parties to the application we will need to contact these parties (e.g. other directors / shareholders) as part of our AML obligations and to execute the contract (depending on your business type)

Supported business types:

Business Type	Which authorised person is required to open the account / sign the contract	Identity and credit check requirements for authorised person	Any other parties required?	Additional documents?
Sole Trader	Sole Trader	Photo ID verification Personal credit check	n/a	n/a
Pty Ltd Company – single director	Sole Director	Photo ID verification Personal credit check	n/a	n/a
Pty Ltd Company – multiple director	2 directors Primary applicant Secondary signatory	Photo ID verification Personal credit check For primary applicant and secondary signatory only	All shareholders ( ≥ 25%) need Photo ID verification	n/a
Partnership	Per partnership agreement	Photo ID verification For primary applicant and secondary signatory(ies) only For primary applicant and secondary signatory(ies) only	All partners require Photo ID verification	Certified partnership agreement
Trusts	Per trust deed	Photo ID verification Personal credit check For trustee(s) only	Individual trustee require Photo ID verification. Appointors of the trust require Photo ID verification.	Certified trust deed