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

2 posts

Wannabe Geek

Topic # 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
467 posts

Ultimate Geek
+1 received by user: 84

  Reply # 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.

8025 posts

Uber Geek
+1 received by user: 387


  Reply # 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.

2970 posts

Uber Geek
+1 received by user: 1399

  Reply # 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
+1 received by user: 139

  Reply # 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

  Reply # 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

21135 posts

Uber Geek
+1 received by user: 4219


  Reply # 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.


271 posts

Ultimate Geek
+1 received by user: 2

  Reply # 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

Twitter »

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 »

Cove sells NZ's first insurance policy via chatbot
Posted 25-Jun-2018 10:04

N4L helping TAKA Trust bridge the digital divide for Lower Hutt students
Posted 18-Jun-2018 13:08

Winners Announced for 2018 CIO Awards
Posted 18-Jun-2018 13:03

Logitech Rally sets new standard for USB-connected video conference cameras
Posted 18-Jun-2018 09:27

Russell Stanners steps down as Vodafone NZ CEO
Posted 12-Jun-2018 09:13

Intergen recognised as 2018 Microsoft Country Partner of the Year for New Zealand
Posted 12-Jun-2018 08:00

Finalists Announced For Microsoft NZ Partner Awards
Posted 6-Jun-2018 15:12

Vocus Group and Vodafone announce joint venture to accelerate fibre innovation
Posted 5-Jun-2018 10:52 to launch Kogan Mobile in New Zealand
Posted 4-Jun-2018 14:34

Enable doubles fibre broadband speeds for its most popular wholesale service in Christchurch
Posted 2-Jun-2018 20:07

All or Nothing: New Zealand All Blacks arrives on Amazon Prime Video
Posted 2-Jun-2018 16:21

Innovation Grant, High Tech Awards and new USA office for Kiwi tech company SwipedOn
Posted 1-Jun-2018 20:54

Commerce Commission warns Apple for misleading consumers about their rights
Posted 30-May-2018 13:15

IBM leads Call for Code to use cloud, data, AI, blockchain for natural disaster relief
Posted 25-May-2018 14:12

New FUJIFILM X-T100 aims to do better job than smartphones
Posted 24-May-2018 20:17

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.

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