Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

2646 posts

Uber Geek

# 185142 11-Nov-2015 14:41
Send private message

Hey guys,

I want to open a new bank account which I was thinking of depositing $100-$200 into for buying stuff online. I am very cautious about what I buy, and I am always worried something will go wrong (With places I haven't bought form before) and I will wake up with $0 in my account. OK that's probably not going to happen, but you know what I mean. 

I don't want a credit card, a debit card is the best way to go for me.

I am currently with Kiwibank, so I'm guessing another KB account would be the best way?

A couple of quick Q's (Im sure it varies from bank-bank though?)

1: If I open another account with KB, will I get pinged for having two accounts? 

2: Any hidden fees I should know about besides the usual end of month fees?


Create new topic
I iz your trusted friend
5848 posts

Uber Geek

Mod Emeritus
Lifetime subscriber

  # 1426271 11-Nov-2015 14:47
3 people support this post
Send private message

You can have another account (suffix) and not necessary a whole new account with any bank.

Alternatively, is get a credit card with very low limit and low interest and just put money into that should want to spend what you have - which can give you added purchase insurance as well. Alternatively, apply for OneSmart with AirNZ Airpoints etc.

Internet is my backyard...


«Geekzone blog: Tech 'n Chips Takeaway» «Personal blog: And then...»


Please read the Geekzone's FUG


15425 posts

Uber Geek


  # 1426272 11-Nov-2015 14:47
2 people support this post
Send private message

Credit card gives you additional protections and benefits. Just get one with a low limit, if the benefits outweigh the costs.

You should talk to Kiwibank about how to set things up and fees if you decide to go the debit route.


263 posts

Ultimate Geek

  # 1426277 11-Nov-2015 15:06
Send private message

I have a Westpac prepaid Visa Card. Cost $10.00 for the card and $1.00 for any deposit I make to the account. Its a separate account

2645 posts

Uber Geek

  # 1426414 11-Nov-2015 18:28
Send private message

scheduler: I have a Westpac prepaid Visa Card. Cost $10.00 for the card and $1.00 for any deposit I make to the account. Its a separate account

Snap. This is what I do and it works well. I also load some cash on it as a backup credit card when traveling overseas, in case my main one has issues or for use in dodgy restaurants where skimming could be a potential issue etc.

5390 posts

Uber Geek

  # 1426517 11-Nov-2015 20:36
Send private message

I have a YourMoney current account with BNZ.  The card works as an EFTPOS card or as a debit card and has pay wave.  Great for online purchases.  $5 flat monthly fee.  


2646 posts

Uber Geek

  # 1426668 12-Nov-2015 07:12
Send private message

Would something like the Free Up account at Kiwibank be something I should be looking at?

It looks like a basic account, it says no monthly fees.

I might be using it a few times per year, or it could be used a couple of times per month.

5390 posts

Uber Geek

  # 1426846 12-Nov-2015 12:31
Send private message

Why don't you go in and talk to your bank.  Banks are quite helpful these days. 

With interest rates low world wide, people are seeking to invest in anything other than cash, so banks are quite keen to get money in the door.



1256 posts

Uber Geek

  # 1426867 12-Nov-2015 13:00
Send private message

Several years ago I worked for one of the big banks and our recommendation for most customers in this situation was to either get a second credit card with a low limit or a debit card that you just added money to when you wanted to make an online purchase, so there was never anything there for people to get access to if the details were compromised.

Having been out of the banking business for quite some time now though, what happened to single-use virtual credit card numbers - any banks doing those here?

509 posts

Ultimate Geek
Inactive user

  # 1430700 18-Nov-2015 21:24
Send private message

What scheduler says , if you only keep a small amount of money in a 'totally 'separate account its a bit like a sandbox. It scares me how many people could easily collect my card and security number.

Create new topic

Twitter and LinkedIn »

Follow us to receive Twitter updates when new discussions are posted in our forums:

Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:

Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:

News »

Intel introduces cryogenic control chip to enable quantum computers
Posted 10-Dec-2019 21:32

Vodafone 5G service live in four cities
Posted 10-Dec-2019 08:30

Samsung Galaxy Fold now available in New Zealand
Posted 6-Dec-2019 00:01

NZ company oDocs awarded US$ 100,000 Dubai World Expo grant
Posted 5-Dec-2019 16:00

New Zealand Rugby Selects AWS-Powered Analytics for Deeper Game Insights
Posted 5-Dec-2019 11:33

IMAGR and Farro bring checkout-less supermarket shopping to New Zealand
Posted 5-Dec-2019 09:07

Wellington Airport becomes first 5G connected airport in the country
Posted 3-Dec-2019 08:42

MetService secures Al Jazeera as a new weather client
Posted 28-Nov-2019 09:40

NZ a top 10 connected nation with stage one of ultra-fast broadband roll-out completed
Posted 24-Nov-2019 14:15

Microsoft Translator understands te reo Māori
Posted 22-Nov-2019 08:46

Chorus to launch Hyperfibre service
Posted 18-Nov-2019 15:00

Microsoft launches first Experience Center worldwide for Asia Pacific in Singapore
Posted 13-Nov-2019 13:08

Disney+ comes to LG Smart TVs
Posted 13-Nov-2019 12:55

Spark launches new wireless broadband "Unplan Metro"
Posted 11-Nov-2019 08:19

Malwarebytes overhauls flagship product with new UI, faster engine and lighter footprint
Posted 6-Nov-2019 11:48

Geekzone Live »

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

Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron

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.

Alternatively, you can receive a daily email with Geekzone updates.