BankDirect

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BankDirect
Type Public
Founded (1997)
Headquarters New Zealand
Industry Finance and Insurance
Products Internet and Phone based bank offering an integrated range of financial products and services for personal customers
Parent ASB
Website http://www.bankdirect.co.nz

BankDirect is an internet and phone based bank offering a range of products to personal banking customers.

[edit] History

BankDirect began in October 1997 and was the only bank in New Zealand to only operate via Internet and phone without any physical branches. BankDirect used the leverage of not having physical branches to offer lower home loan interest rates and higher interest rates on their savings accounts.

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