Good question. Consistent with similar accounts, there is a minimal, per-transaction fee when you use this account for non-EFTPOS transactions like transfers, accessing account statements, making in branch withdrawals and bill paying.
Frequently Asked Questions
What is the Kina Business Cheque Account?
The Kina Business Cheque Account is a day-to-day transactional account where you can deposit money for immediate use. The Kina Business Cheque account comes with a Kina cheque book and can also be linked to your Kina Visa Debit Card.
How do I open the Kina Cheque Account?
Visit your local Kina Bank branch and complete the account opening form. You will need to have 2 forms of primary identification and have enough funds to meet the minimum account opening balance of PGK50.
What are forms of primary ID?
When applying for a new account you will need to have 2 forms of primary ID. We classify primary ID as:
- Passport (foreign passport must include a copy of your entry permit)
- Driver’s licence
- Employment ID card with employment confirmation letter
- Current student ID and confirmation letter from your tertiary provider
- Superannuation membership card
- PNG work permit with Labour & Industrial Relations letter
- PNG Government issued photographic Licence and or Permit
- National Identity card issued by NID office
*All forms of ID must be valid. Any expired ID won’t meet the ID requirements and as such we won’t be able to accept the ID. If you don’t have 2 forms of Primary ID please call us on +675 308 3800 or 180 1525.
What are the features of the Kina Business Cheque Account?
- No monthly fees
- No EFTPOS fees when using your Kina Bank-issued card on a Kina Bank EFTPOS terminal
- Issuance of a Kina Handy Card
- Free cash deposits for amounts under PGK20,000
What are the fees and charges attached to the Kina Business Cheque account?
All of our fees and charges can be found in the Kina Bank Fees Schedule.
If I am an existing Kina Bank customer, am I eligible to open a Kina Business Cheque account?
Yes, as an existing customer you are eligible to open a Kina Business Cheque Account. You will still need to visit your local branch and complete the account opening form and have sufficient funds to meet the minimum account balance of PGK50.
Do I receive a Kina Handy Card with my new Kina Business Cheque Account?
Yes, with a Kina Business Cheque Account you will receive your Kina Handy Card. In addition, you are also eligible to apply for a Kina Visa Debit Card.
Is my Kina Business Cheque Account a transactional or savings account?
The Kina Business Cheque Account is a transactional account.
Am I eligible to apply for a cheque book with my Kina Business Cheque Account?
If you open a Kina Business Cheque Account, you’re automatically issued with a Kina cheque book.