Manage your money how you want
Bank better every day with our Electronic account. With no monthly account or electronic transaction fees, it’s easier to manage your day-to-day spending. If you did need to make transactions in branch or over the phone, fees may apply.
Pay with your phone
Pay on websites, in apps, and in-store, with any Co‑operative Bank Mastercard and Android device.
Bank on the go
Transfer between your accounts, manage payments and keep an eye on purchases on the go via our mobile app.
Things to love
- You can have multiple Electronic accounts and personalise them with different names and images to help you stay on top of your finances.
- Teaming your Electronic account with a Debit Mastercard gives you the ability to make transactions in a flash with Tap & Go™.
- Use your Debit Mastercard online or over the phone, or anywhere Mastercard is accepted - worldwide.
- Or, our EFTPOS card can be used to make purchases and cash withdrawals from retailers and ATMs all over New Zealand and pay no annual card fee.
Depositors Compensation Scheme
The Depositor Compensation Scheme is a government scheme, created to provide protection for customers who have deposits with New Zealand deposit takers, including The Co-operative Bank. The scheme provides protection for customer deposits up to $100,000 per deposit taker, in the unlikely event a deposit taker fails.
Important information
Fees
Fees may apply in some instances such as staff-assisted transactions and annual card fees. You can find all fees listed in our Fee Brochure.
Interest rate
There is no interest paid on credit balances on an Electronic account. If you want to earn interest, see savings accounts or term deposits.
Other everyday accounts
You can no longer open new Smile on Call or Current accounts. If you have one of these accounts already you can find more information here.