New Zealand Finance Company Banking

Starting a New Zealand Finance Company that acts as an offshore bank is easier to organize than a chartered institution alternative. New Zealand Finance Companies are not regulated by central bank supervision. New Zealand Offshore Finance Companies are authorized to operate as a bank. One difference being that you are not allowed to use the word "bank" in the entity name, that is a reserved word for chartered financial organizations.

Start A New Zealand Offshore Finance Company Bank Account

Your finance company will open a deposit account with a large, safe bank. Your finance company's account will be managed by banking software that we help you acquire and set up. In today's financial system, there is no longer a spot on a shelf in a vault with "your money", even the largest bank in the world maintains a primary account and the funds are tracked by computerized systems, the same applies to your New Zealand Finance Company's bank account. When your finance company bank account is created, it will be the transaction center for your depositors, all tracked by secure online banking software.

How New Zealand Finance Company Bank Accounts Work

When you start a New Zealand OFC bank, your account will work the same way all bank accounts do. Below is a diagram showing how your account works.

Receiving / Sending Money With Your New Zealand OFC

You choose the bank and jurisdiction out of recommended large, safe and international banks. The same fundamental system applies to your New Zealand OFC, as with any banking / financial organization. You can maintain all of your banking transactions with a single deposit account. If your client base grows, sometimes it may require that you establish a holding company so that you can flow bulk wire transfers through, rather than individual transfers coming/going from your primary deposit account. In the most cases your transaction frequency will not require the use of holding companies.

New Zealand Finance Company Accounting

Your banking transactions will be fully managed by industry leading online banking software. Clients are given secure access to their bank accounts and just like all other types of financial recording, electronic systems will track transactions and maintain data integrity.