Switching to First Credit Union: A Simple Step-by-Step Guide for Kiwis

Tired of big bank fees, impersonal service, and profits going to overseas shareholders? More New Zealanders are discovering the benefits of First Credit Union: a member-owned, community-focused alternative that puts Kiwis first. Switching might seem daunting, but it’s easier than you think. 

Here’s your step-by-step guide to making the move stress-free.   

Step 1: Check Your Eligibility & Prepare Your Documents

To become a member, you simply need to meet the following criteria and have a few key documents ready.

A. Citizenship/Residency Status

You must be one of the following:

✔ A New Zealand citizen or permanent resident.

✔ A holder of a valid New Zealand work visa.

B. Required Documents

Please have the following ready for your application:

  1. Proof of ID (driver’s licence or passport)
  2. Proof of address (utility bill or bank statement) 
  3. IRD number (for interest-bearing accounts) 

Already bank elsewhere? No problem, we’ll help you transfer smoothly. 

Step 2: Open Your New Account

Once you have your documents, you can join us online, or in person at a local branch. The process is quick and we're here to help. We also provide virtual branch online services, internet and mobile banking. 

Consider which accounts would best suit your needs/ goals:   

  1. Everyday banking (low/no-fee transaction accounts)
  2. Savings accounts (competitive interest rates)
  3. Personal loans (lower rates, flexible terms)  
  4. Term deposits (great rates)

Visit our Rates and Fees page to see how much you could save. 

Transferring over is simple, we will take care of the transition with your other bank, we can arrange all Automatic Payments and Bill Payees to be transferred including closure of your account with our switching form. 

At First Credit Union, we're proud to offer banking that truly works for you and your community.  Join us today and experience banking the way it should be, fair, friendly, and Kiwi-owned!