New Zealand
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Dosh
New Zealand money app. Not a registered bank. Funds on trust at a NZ bank. DCS on their copy.
Legal entity: Dosh (not a registered bank) — funds on trust at a NZ registered bank
Rate this app
6.4Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. Not a deposit-taking bank. Holder / issuer: A New Zealand registered bank (held on trust — confirm the live name in T&Cs).
If it fails?
Official: Dosh is not a registered bank. Funds in a dosh account are held under trust at a registered NZ bank. Dosh’s site says funds are protected by the DCS — read the live T&Cs for the cap and the named bank. A 2024 licence application to become a registered bank is not a licence.
Salary?
A trust account at a NZ bank is not automatically a salary account. Confirm with your employer and with Dosh’s live rails.
Open from abroad?
NZ KYC. Not a tourist wallet.
Monthly fee
Confirm live in-app
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
6.4
/10 · Mixed
Dosh’s homepage is the rare NZ fintech that says the quiet part: Dosh is not a registered bank. Funds sit on trust at a registered NZ bank. Their copy also says the Depositor Compensation Scheme applies — read the live terms for the cap and the named trustee bank; this review does not invent either. A 2024 application to the Reserve Bank to become New Zealand’s first locally-owned digital-only bank is an application, not a licence. Wise and Airwallex are the cross-border objects. Kiwibank is the incumbent digital-ish bank. Dosh is the app. Do not write ‘NZ’s digital bank’ onto a trust account until RBNZ says so.
What it is
Dosh is the name New Zealanders search when they want a neobank that is not ANZ. Until it is a registered bank, the trust sentence is the product.
Best for: New Zealanders who want a money app and will read the trust wording, not a registered-bank current account.
Last checked 2026-09-02. Not advice.
What it does well
- +Honest ‘not a registered bank’ line on the homepage
- +Funds on trust at a NZ bank
- +DCS mentioned on their copy
- +Visa / Pismo rails in 2025 news
What to watch
- −Not a registered bank
- −Partner bank name must be read in T&Cs — this file does not guess it
- −Licence application ≠ licence
- −Small book
Legal entity, not the app icon
Who is behind it
- Legal name
- Dosh (not a registered bank) — funds on trust at a NZ registered bank
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Personal money app
- Partner bank
- NZ registered bank on trust — confirm live T&Cs
- Availability
- New Zealand
- Remote open
- NZ KYC. Not a tourist wallet.
- Salary / payroll
- A trust account at a NZ bank is not automatically a salary account. Confirm with your employer and with Dosh’s live rails.
- Local rails
- NZ domestic rails via the trustee bank — confirm live
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Apple Pay · Google Pay
Licence first
Safety
Official: Dosh is not a registered bank. Funds in a dosh account are held under trust at a registered NZ bank. Dosh’s site says funds are protected by the DCS — read the live T&Cs for the cap and the named bank. A 2024 licence application to become a registered bank is not a licence.
Holder / issuer: A New Zealand registered bank (held on trust — confirm the live name in T&Cs)
- RBNZ / FMA (not a registered bank)Fintech — funds held on trust at a NZ registered bank · New Zealand
Fees
- Monthly
- Confirm live in-app
- FX markup
- Not a cross-border specialist
- ATM
- Confirm live
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- NZD wallet / account
- Visa
- Not a registered bank
- Applied for a bank licence (2024) — not the same as holding one
Before you tap Sign up
How to open
Step 1
Read the sentence
Dosh is not a registered bank. Funds on trust at a NZ registered bank.
Step 2
NZ KYC
Download the app. Identity as asked. Not an offshore open.
Step 3
Name the trustee
The live T&Cs name the bank. This file does not guess it.
Score
- Safety25%
- 6.4
- Fees20%
- 7.2
- Features15%
- 7.0
- App15%
- 8.0
- Global15%
- 3.0
- Support10%
- 6.8
Change log
Full logLicence
Dosh is not a registered NZ bank
Official: funds held on trust at a registered NZ bank. DCS language is on their site — read the live T&Cs for the cap.
Available in
Straight answers
FAQ
01Is Dosh a bank?
Dosh is not a licensed deposit-taker in the classic sense. Money, if any, sits with A New Zealand registered bank (held on trust — confirm the live name in T&Cs).
02How is money protected?
Official: Dosh is not a registered bank. Funds in a dosh account are held under trust at a registered NZ bank. Dosh’s site says funds are protected by the DCS — read the live T&Cs for the cap and the named bank. A 2024 licence application to become a registered bank is not a licence.
03Where is Dosh available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Dosh.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open Dosh remotely?
NZ KYC. Not a tourist wallet.
06What is the legal name behind Dosh?
Dosh (not a registered bank) — funds on trust at a NZ registered bank. Read the entity on the statement, not the app icon.
07Can I receive salary on Dosh?
A trust account at a NZ bank is not automatically a salary account. Confirm with your employer and with Dosh’s live rails.
08Is Dosh a bank?
No. Official: Dosh is not a registered bank. Funds are held under trust at a registered NZ bank.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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