Many of our customers have asked if InvestNow offers accounts for children – the answer is simply, yes.

Here is what is needed to set up a child’s account with InvestNow:

• A unique email address for the child, and everyone linked to the account.
• A proof of ID for both the child and the parent/guardian:
  • Drivers license
  • Passport
  • Birth Certificate
• As it is unlikely that a child’s address will appear in any credit databases or land ownership records, we will accept proof of address in the parent or guardian’s name. Alternatively, the IRD letter confirming their IRD number would be suitable as proof of address.
• Tax details:
  • IRD number
  • RWT rate
  • PIR rate
• A bank statement for the nominated bank account linked to the InvestNow account. This can be in either the child’s or parents/guardian’s name.

How to open a child’s account:

1. Click “Join” on the InvestNow home page.
2. Select the “Managed Funds & TDs” or “KiwiSaver” account type.
3. Select “Youth” as the investor type.
4. Work through the application.
   1. The child will be the main applicant and as most children will not be able to complete the online identity verification process, select manual verification and upload a copy of their ID document.
   2. To add your details, click “Add Another Member” and select the parent/guardian option. If you are an existing InvestNow member, use the email address you use to log in and we will link this email address to the account when the account opening is completed. If you are new to InvestNow, you will need to complete the identity verification process.

Once the application process has been completed, we will review the application and let you know once the account has been opened.

Don’t hesitate to contact us (contact@investnow.co.nz or 0800 499 466 8:00am to 5:00pm Mon to Fri, excluding public holidays) if you want to discuss this or any other matter with us.