OUSA Logo
Recreation

Club Bank Accounts

Club Bank Accounts

Is your club opeining a bank account? Not sure what you need to do?

  • Have a minimum of 2 authorised signatories (authorised signatories is more than one person who can sign or access the clubs/societies bank account)
  • Choose a bank to go with - Go with one that one of your clubs signatories is already with! ANZ on the corner of Albany St & Cumberland St are really good with clubs!
  • Book an appointment

What do you need to take with you to your appointment?

  • Your clubs letter of affiliation from your Clubs Development Officer
  • Your IGM minutes with your signatories listed,
  • The New Club Signatories Form filled out,
  • Your signatories - if your signatories bank with your clubs new bank, then all they will need to take is their ID (Drivers Licence or Passport), and their eftpos card. If your signatories do not bank with your clubs new bank, eg. the clubs bank is ANZ, but your signatory banks with westpac, then they will need to bring their ID (Drivers Licence or Passport) and a proof of address, this could be a bank statement, or utilities invoice. 

 

Exisiting club, wanting to change your accounts signatories? 

  • Make an appointment!
  • Take your most recent AGM minutes with your signatories listed,
  • The Change of Signatories Form filled out and 
  • Your signatories - if your signatories bank with your clubs new bank, then all they will need to take is their ID (Drivers Licence or Passport), and their eftpos card. If your signatories do not bank with your clubs new bank, eg. the clubs bank is ANZ, but your signatory banks with westpac, then they will need to bring their ID (Drivers Licence or Passport) and a proof of address, this could be a bank statement, or utilities invoice. 

 

Has your bank hit you with a form called TAX RESIDENCY AND FOREGIN TAX INFORMATION?

In New Zealand, Financial institutions are required to identify and report customers that are tax resident in foreign to jurisdictions to New Zealand Inland Revenue Department (NZ IRD).

This information will be shared with the relevalt competent Tax Authority of each counrty with which New Zealand has an agreement.

What you bank is asking you for, is your clubs primary nature of business, clubs customer number, type of entitiy, and for your signatories to declare their country of tax residenece. 

If your not sure how to go about this, your Clubs Development Officer, Sarah is happy to help, flick her an email!