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Internet Banking with POLi

Internet banking has long been the most popular form of transfer for people who don’t have credit cards. The ability to pay directly from your bank account builds confidence and regulates spending habits. POLi internet banking is very popular in New Zealand too.

So, in this post, we’re exploring internet banking opportunities for people in NZ.

Table of content

    What is POLi in New Zealand?

    POLi is an internet banking service that allows you to pay for goods and services directly from your New Zealand bank account, without the need for a credit or debit card. Essentially, you’ll be using the internet banking feature offered by your NZ local bank. You need POLi because not all merchants can accept payments from your bank’s native app.

    How Does POLi Internet Banking Work?

    To use POLi internet banking in NZ, New Zealanders must have an account at one of the partner banks. Pretty much all major banks in New Zealand will work with POLi. Once you ensure that you have enough funds in your account, move on to POLi.

    The best thing about POLi is that you don’t need an account to make payments. The only time you need an account is if you want to accept payments. Here are the steps to use POLi in the country.

    1. If you’re shopping online or depositing in an NZ online casino, choose POLi from the available list of payment methods.
    2. On the new page, choose your bank and enter the internet banking credentials for the app.
    3. On the next page, you should see the checkout menu along with the amount you have to pay. Authenticate the transaction by following the on-screen instructions.

    Advantages of POLi Internet Banking

    Using internet banking POLi comes with its fair share of advantages for the users. Let’s go over some of them.

    • No Credit Card: Credit card bills can often go out of hand if you’re not careful. At the same time, not everyone in New Zealand qualifies for a credit card. Using POLi bypasses the need for credit cards altogether.
    • Wide Availability: POLi has been available for New Zealanders since 2007, making it 16 years old at the time of writing this post. During this time, most merchants have started accepting POLi as a payment method.
    • Major Bank Partnerships: Pretty much all banks in New Zealand are partnered with POLi. So, as long as you have an account with one of the renowned banks, you can use internet banking POLi without any hassle.
    • Little to No Fee: Using POLi is far cheaper than using your traditional credit cards. There is a mere 1% fee which is also capped at 3 NZD. So, no matter how large your purchase is, you’ll never pay more than NZ$3 + GST on bills.

    How Online Casinos Use POLi Internet Banking?

    In case you’re looking for a way to pay online casinos in NZD, POLi might be the banking system you’re looking for. Due to the nature of the iGaming industry, banks are often not interested in facilitating gambling payments directly.

    But it’s very easy for an online casino to become a merchant on POLi. When players find a casino that accepts POLi, they can pay for deposits just like they can pay any other merchant. The payment is deducted from your bank account directly.

    The only drawback of using POLi for online casinos is that you can’t withdraw your funds.

    Internet Banking POLi FAQ

    Does ANZ support POLi?

    Yes, ANZ supports POLi and you can use it at all vendors that accept POLi payments in New Zealand, including online casinos.

    Which banks support POLi?

    Almost all of NZ’s most popular banks are partnered with POLi. Names like ANZ, ASB, BNZ, TSB, Kiwibank, The Cooperative Bank, and Westpac are the current partners.

    How does POLi transfer work?

    Think of POLi as the middleman between your bank account and the service/product you want to purchase. It’s usually a hassle if you don’t have a credit/debit card. With POLi, you can pay directly from your bank account.

    Is POLi internet banking payment safe in NZ?

    POLi is a licensed and regulated online payment method and it’s been available in New Zealand since 2007. So yes, all POLi transfers New Zealanders do are secure.

    Article by

    Oliver Scott

    Oliver is our gambling guru. All the texts on our site are written or edited by his professional hands. He played in most of the best New Zealand casinos which are on iCasinoreviews. 10 years in iGaming. Lots of conferences and tournaments. Everything to become the best casino expert for you.

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