Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor. If investing please consider our affiliate links for new accounts: Sharesies or Hatch. To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification


2 posts

Wannabe Geek

#89029 25-Aug-2011 12:23
Send private message

I had a business bank account with National Bank. I ran up a debt for $600 and they closed my account. I am currently paying it off. Is there any banks in New Zealand that will let me have an account with them considering. I have learnt by mistakes but feel terrible this might have ruined everything. Is there any banks that don't do credit checks or any one that is lenient. Need advice. Thanks

Create new topic
658 posts

Ultimate Geek

ID Verified

  #511775 25-Aug-2011 12:35
Send private message

$600 and you have to pay it off? I'd say just stay with national bank for business but if they wont let you stay then fix your credit rating first before going to another bank.

Affiliate link

Affiliate link: Find your next Lenovo laptop, desktop, workstation or tablet now.
8064 posts

Uber Geek


  #511779 25-Aug-2011 12:39
Send private message

Why didn't you apply for an overdraft facility?

It's fairly common that you sometimes need to spend more money than your current cash balance in order to make money, eg: buy stock/invetory then sell it at a profit over time.

3582 posts

Uber Geek

  #511795 25-Aug-2011 12:49
Send private message

I doubt $600 counts as a big deal? I would think most banks would open an account for you, I don't recall ever having a credit check done just to open an account (provided you are putting the account in credit). Seeking an overdraft or loan will be a different matter however.

I used Kiwibank for business as their fees were a lot less than the others (especially Nat Bank)

Good you have realised your mistake and are getting it sorted, that counts for a lot IME

Always be yourself, unless you can be Batman, then always be the Batman

1923 posts

Uber Geek

  #511805 25-Aug-2011 13:04
Send private message

fitzgerald: ...edit...... Is there any banks that don't do credit checks .......

I wouldn't think so.



2 posts

Wannabe Geek

  #511874 25-Aug-2011 14:29
Send private message

Thanks for your help guys. I am going to have to gett off my bum and actually apply. I know Kiwibank does credit checks but I have a personal account with them so I might as well get a business account. I just wondered if $600 was a big deal. It is to me. I am just freelancing so I don't earn much. Just a small fish really. I am hoping they can see past this debt. Thanks

25269 posts

Uber Geek


  #512369 26-Aug-2011 11:47
Send private message

Try westpac, they were ok with me being a signatory on accounts with poor credit.

if you are director etc then expect problems anywhere tho, you have prooved yourself unsuitable to lend to already and have to work to get that trust back again.


274 posts

Ultimate Geek


  #512949 27-Aug-2011 20:15
Send private message

my bank let me go -$16000 befor telling me due to a office stuff up. it was only for 22 hours but the bank took 3 more weeks to tell me.

i would think any bank should close your account for -$600 get up to date and go back with them, they are good.

Create new topic

News and reviews »

Samsung Introducing Galaxy Z Flip4 and Galaxy Z Fold4
Posted 11-Aug-2022 01:00

Samsung Unveils Health Innovations with Galaxy Watch5 and Galaxy Watch5 Pro
Posted 11-Aug-2022 01:00

Google Bringing First Cloud Region to Aotearoa New Zealand
Posted 10-Aug-2022 08:51

ANZ To Move to FIS Modern Banking Platform
Posted 10-Aug-2022 08:28

GoPro Hero10 Black Review
Posted 8-Aug-2022 17:41

Amazon to Acquire iRobot
Posted 6-Aug-2022 11:41

Samsung x LIFE Picture Collection Brings Iconic Moments in History to The Frame
Posted 4-Aug-2022 17:04

Norton Consumer Cyber Safety Pulse Report: Phishing for New Bait on Social Media
Posted 4-Aug-2022 16:50

Microsoft Announces New Solutions for Threat Intelligence and Attack Surface Management
Posted 3-Aug-2022 21:54

Seagate Addresses Hyperscale Workloads with Enterprise-Class Nytro SSDs
Posted 3-Aug-2022 21:50

Visa Launching Eco-friendly Payment Solutions in New Zealand
Posted 3-Aug-2022 21:48

NCR Delivers Services to Run Bank of New Zealand ATM Network
Posted 30-Jul-2022 11:06

New HP Portfolio Supports New Era of Hybrid Work
Posted 28-Jul-2022 17:14

Harman Kardon Launches Citation MultiBeam 1100 Soundbar
Posted 28-Jul-2022 17:10

Nanogirl Labs Launches Creator Project
Posted 28-Jul-2022 17:05

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

GoodSync is the easiest file sync and backup for Windows and Mac