Our Services


At Vivier & Co our clients’ investments are our number one priority. We maintain a high degree of management attention to ensure those investments are secure, at the same time offering some of the best performing savings accounts across the globe. In addition, we offer current accounts, card services, an online platform, international money transfers and a variety of other services to deliver a complete financial service package for our clients.

Savings Accounts

We offer accounts with rolling notice periods: rates are fixed for the period and interest is paid tax free every quarter.   Our current rates can be viewed here.

Current Accounts

We provide services to individuals and businesses who require an international presence. Owning a current account in another country provides flexibility, discretion and in many cases enhanced security. With a nominal minimum balance and no minimum income or wealth requirement, you are free to choose where to hold your funds. Our Current Accounts:

  • Are operated online through a secure 24/7 platform.
  • Can be opened online following the application process.
  • Provide peace of mind, knowing your funds are secure while accessible from wherever you are in the world.

Combined with a MasterCard debit card and our secure 24/7 internet platform, this is the account of choice.

MasterCard Debit Cards

MasterCard Debit Cards are amongst the most widely recognised in the world, accepted by over one million ATMs and in millions of outlets in more than 180 countries. We offer these cards to clients with EUR 60,000* or more across their deposit accounts. Owning a Vivier & Co MasterCard debit card gives you instant access to your cash wherever you are.

*or equivalent in foreign currency

Forex Trading

An international presence implies needing cash in various currencies. We offer advantageous rates and full control of currency exchange transactions through our secure 24/7 internet platform.

Online Platform

We provide a fully secured online platform, capable of giving you full access to manage your accounts and investments. Through this platform it is possible to instruct same-day cash transfers, currency exchange or to allocate capital to investment accounts.

Our Online Platform allows access to your account and savings 24/7 from anywhere in the world and has the following features:

  • Account balances
  • Account transaction history
  • Account statement download
  • Standard money transfers
  • Fast Transfer service
  • Currency exchange between USD ($), EUR (€), JPY (¥), GBP (£), AUD ($), HKD ($), NZD ($), SGD ($) & CHF (SFr)
  • Manage prepaid cards
  • Manage savings and investments

Our Online platform also includes the following security features:

SSL Certificate with:

  • Extended Validation, which triggers the green address bar in high security browsers
  • Up to 256-bit encryption enabling strong encryption for all clients
  • GeoTrust RapidSSL for details please click here
  • Vulnerability assessment and daily web site malware scanning thus ensuring a protected browsing experience

SSL Checker:

  • Every page has a further 256-bit algorithm
  • Every form has an anti-spam and an anti-phishing check
  • All the passwords and keywords have a 256-bit encryption
  • SMS/Text alert on any payment requested

We offer a complete financial package for our clients: current accounts, savings accounts, debit cards, an online platform, international money transfers and a variety of other services. The latter include escrow accounts, helping to facilitate international trade. These can help mitigate risk for critical transactions – with courtesy, speed and discretion guaranteed.

We can also help you achieve a consolidated view of your finances through our multi-currency investment accounts, all on the same platform. This enables surplus funds to be allocated simply and efficiently into revenue-generating products, matching your cash management needs.

This elite service is offered by invitation only to Vivier & Co clients meeting certain criteria.  Such clients often look for tailored solutions going beyond the scope of traditional services.

We have taken this to heart and developed an array of special arrangements which suit a wide variety of needs and meet the highest standards.

Who can open a Vivier & Co account?

Our accounts are designed for personal and business clients anywhere in the world resident outside New Zealand and the United States of America. Attractive interest rates, competitive fees and our MasterCard debit card to withdraw funds anywhere combine to make this the account of choice.

How is my interest calculated?

You have a completely free choice of amount and rolling notice period, which will be reflected in the title of the account. For example, on 01 January, you might place a deposit with EUR 20,000 on six months’ rolling notice. The rate will be fixed until 30 June, at which point it will change to our latest published rate for that band.

An account on notice of one year or more attracts a loyalty bonus: a one-off interest uplift of +0.5% pa on our published rates. The rate is applied twelve months after the deposit is placed, assuming notice has not already been given, and remains in place until withdrawal.

When is interest payable?

Interest accrues daily and is paid gross on the usual quarter dates, March 31, June 30, September 30 and December 31. It is paid without deduction of taxes or charges, to any account you nominate, subject to a minimum external transfer of GBP 100 or equivalent.

What are the account charges?

Whenever you make a deposit or receive interest, we apply no transfer fees between New Zealand and your country or we refund your other bank’s charges. We also apply no account charges, as long as the aggregate balance across all your accounts stays above a relatively modest level, as set out here.

We only apply a charge if you opt for a debit card, where we pass on nominal fees from MasterCard, or if you withdraw some or all of a deposit. Similarly, Vivier & Co does not pay the cost of posting account opening forms to New Zealand. In summary, opening and maintaining an account is free.

How is the interest taxed?

The New Zealand Revenue Department has granted Vivier & Co “Approved Issuer” status, which allows it to pay all interest gross to non-residents of New Zealand, i.e. without taxes. It is up to you to declare your income and pay any tax in your country.

How is interest funded?

Vivier & Co generates interest income from lending solely on home loans and property development. The former is typically represented by first charge mortgages on residential property with a maximum initial value of EUR 150,000, whilst the latter typically takes the form of first or second charges over residential property with existing planning permission, a gross development value up to EUR 10 million and completion within two years.

How does Vivier & Co provide slightly higher than average rates?

By charging slightly higher than average rates to borrowers and keeping overheads low, Vivier & Co is able to pay slightly higher than average rates to depositors. In this way, Vivier & Co is able to grow deposits significantly, to maintain relatively static fixed costs and thus to predict its income with a high degree of accuracy.

How does Vivier & Co protect clients’ deposits?

Vivier & Co always takes appropriate security in relation to the underlying assets, with a prudent loan-to-value ratio. The security is always located in jurisdictions that have been European Union members since at least 1973. Apart from hedges to safeguard foreign exchange exposure, Vivier & Co does not invest in equities, derivatives or any exotic financial products and so massively reduces risk from market volatility.

What other security does Vivier & Co provide to depositors?

In addition to the above fixed charge security, Vivier & Co aims for capital reserves above 15% of Tier I risk-weighted assets. Such a conservative level compares very favourably with the Basle ratios.

Moreover, Vivier & Co maintains an insurance policy with Standard and Poor’s A+ rated insurers, providing a NZD 10,000,000 (approximately EUR 6,000,000) indemnity on any single loss and in the aggregate. It is one of the few companies in the OECD offering a guarantee of this type.

To protect clients further, Vivier & Co is a member of Financial Services Complaints Limited, a New Zealand Government approved Dispute Resolution Scheme. Details can be found here. However, since its creation, Vivier & Co has never had a claim.

Why insurance instead of a Government guarantee?

In 2011, the New Zealand government withdrew their deposit guarantee scheme for all banks and financial institutions. Although EU government schemes typically offer cover of around EUR 100,000, thousands of hard working Europeans have nevertheless lost their savings in trusted EU banks. Vivier & Co therefore found an alternative way of protecting client funds, plus a higher level of cover. We only obtained this after demonstrating our probity to the world’s top insurance companies.

Why New Zealand?

New Zealand is a very stable country, both politically and economically, and has a very strict system of government regulation. It is not affected by financial crises to the same extent as other countries.

What is a notice account?

To pay above average rates, Vivier & Co commits to lending for longer periods and so takes deposits for longer periods too. You have a completely free choice of rolling notice period, which will be reflected in the title of the account. At any time, you can write and tell us to repay you or change the current rolling notice period, which will take effect at the end of the current rolling period. For example, on 01 January, you might place a deposit on six months’ rolling notice. If you wish to withdraw funds on 30 September, you must give us notice in writing before 31 March of that year. The funds will be repaid, with interest, to any account you nominate, without deduction of taxes or charges.

Can I make an early withdrawal?

Vivier & Co realises that clients sometimes have an unexpected need for funds and so has developed a policy to cope with this:

In any six month period, a client may make one redemption of up to 5% of the deposit without charge. If a client wishes to withdraw a greater amount on less than the normal notice, Vivier & Co may permit this subject to an adjustment. For example, if half the agreed notice is given, half the interest payable for the agreed period is deducted.

In any 12 month period, no more than EUR 350,000 may be withdrawn from an account. For this purpose, accounts held by two or more depositors, who could or do exercise their rights collectively, shall be considered as a single account.

How much can I add and withdraw at any given time?

Accounts can be opened with an initial deposit of GBP 1,000 or equivalent and thereafter top ups of any amount are acceptable.

Provided your current account contains sufficient funds, any amount over GBP 100 or equivalent can be withdrawn. For early withdrawal of your deposit, please see the question “Can I make an early withdrawal?”

May I hold more than one account and/or debit card?

It is perfectly possible to open multiple savings and/or currency accounts, managing them all with the same identity.

Debit cards are available to Vivier & Co clients with EUR 60,000* or more across their deposit accounts.

Each card is linked to a client’s current account for the related currency. Within reason, Vivier & Co will issue as many cards as a client wishes.

*or equivalent in foreign currency

Can I open a joint account?

Yes. Each user is given access to the account in accordance with the mandate.

Can I open a current account?

For every depositor, Vivier & Co automatically opens a free current account in each required currency.

How do I manage my account?

Vivier & Co will shortly put in place a new online platform. However, in the meantime, we shall act promptly upon receipt of all instructions via email, fax or telephone, subject to the usual discharge.

Opening an account

Please complete the following documents, which may be downloaded here:

Please then:

    • obtain certified copies of:

– your passport or national identity card; and
– proof of your address (water, electricity, fixed telephone bill);

  • email all the documents to info@vivierco.com;
  • after our compliance department has checked your documents, we shall open your account and send you details for the transfer. Please indicate that the costs are to be borne by the beneficiary.
  • transfer your initial deposit; and
  • post all the documents to Vivier & Co, Level 33, 23 Albert Street, Auckland 1010, New Zealand.

Upon receipt of your initial deposit, we shall activate your account and start paying you interest. Once the physical documents arrive, your account will be fully operational.

Final step

Upon receipt of the funds, we shall send you an acknowledgement and an account statement.

More information

For more information please read our Terms and Conditions. Although documents may be translated as a courtesy to customers, the English version shall always prevail.

Individual

Placing your money with Vivier & Co includes the following benefits:

  • Security and confidentiality
  • No exchange control restrictions, allowing capital to be freely moved without formality
  • Interest on savings accounts is paid gross, without deduction of tax in New Zealand
  • Sophisticated worldwide communication links facilitating ease of access
  • Holding assets offshore may have some tax planning advantages, including inheritance tax benefits for clients with certain domiciles

Please note that Vivier & Co is not a tax adviser and recommends that, if you are in any doubt as to your tax position, you seek independent advice from an accountant or other suitably qualified professional.

Business

Although businesses obtain all the benefits listed for an individual, an offshore account in New Zealand provides the following additional advantages:

  • Fewer formalities than in traditional jurisdictions
  • Business transactions performed with a higher degree of discretion
  • New Zealand is a politically stable and economically safe country with a Standard & Poor’s AA credit rating, giving your business a positive image to counterparties.

Please note that Vivier & Co operates in agreement with international compliance, anti-money laundering and know your customer regulations.