What is a Building Society? What’s the difference between a building society and a bank? Do you provide services to the general public? Do you provide services to clients outside of New Zealand?

What is a Building Society?

A building society is a non-bank financial institution with statutory authority to lend money, extend credit, give guarantees and indemnities, sell and purchase financial obligations, debts, and securities, discount credit instruments, and provide banking, investment, insurance, trusteeship and foreign exchange dealing services.
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Kiwi Deposit Building Society is a New Zealand non-bank financial institution incorporated under the Building Societies Act 1965. We are not a registered New Zealand bank. When issuing securities, Kiwi Deposit Building Society limits its offers to professional investors and other persons specified by section 3(2)(a) of the Securities Act 1978.