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 TypeWhich authorised person is required to open the account / sign the contractIdentity and credit check requirements for authorised personAny other parties required?Additional documents?
Sole TraderSole Trader
  • Photo ID verification
  • Personal credit check
n/an/a
Pty Ltd Company – single directorSole Director
  • Photo ID verification
  • Personal credit check
n/an/a
Pty Ltd Company – multiple director2 directors
  • Primary applicant
  • Secondary signatory
  • Photo ID verification
  • Personal credit check
  • For primary applicant and secondary signatory only
All shareholders ( ≥ 25%) need Photo ID verificationn/a
PartnershipPer 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 verificationCertified partnership agreement
TrustsPer 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