Dosh review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Dosh suits New Zealand teens and the parents who help them, offering a free digital everyday account to learn day to day budgeting with. The monthly fee is NZD 0 and interest is variable at 2.6%, while the balance stays on easy access terms.
Key facts
- Best for
- A digital-only account for a teen to practise budgeting with a parent
- Monthly fee
- NZ$0↗
- Currency conversion fee
- 2%↗
- Transfer fee
- NZD 0.70 per transaction to add money via Windcave↗
- Legal entity
- MCA Investments Limited↗
- Headquarters
- New Zealand↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Audience
- Teens
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- dosh.nz
Savings
Money transfer
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInfacebook.cominstagram.com
Pros and cons
Pros
- A monthly fee of NZD 0 on the everyday account
- Interest of 2.6%, variable, with a minimum deposit of NZD 0
- Easy access with On call, unlimited withdrawals, no notice period
- Support runs on email, chat and phone
Cons
- Currency conversion of 2% with a 2% margin, above the site median of 0.5%
- A branch is not among its features, which list digital only
- Adding money through Windcave carries NZD 0.70 per transaction to add money via Windcave per transaction
Who it suits
- A teen in New Zealand learning to budget with a card of their own
- A parent who wants an allowance with no monthly charge
- Anyone sending money that needs to land as Instant, 24/7
Who should look elsewhere
- bunq, if you want a euro account with a monthly fee of €0 and broader currency use
- bunq Spain Bank Account, if a euro account in Spain suits you better, with a monthly fee of €0
- Pixpay FR, if you would rather pay a monthly fee of €3.99 for a different setup
Where it sits among rivals
On monthly fee, Dosh ranks 1 of 500 brands compared, the top of that table. On currency conversion fee it ranks 214 of 312, so it costs little to hold and more to spend abroad, which suits a local account for a teen.
Fees and currency costs
The everyday account carries a monthly fee of NZD 0, so holding it is free. Converting currency costs 2%, and money added through Windcave carries NZD 0.70 per transaction to add money via Windcave per transaction, which is the charge to watch on a card used abroad or topped up often.
How Dosh compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
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9.3 vs 9.1
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9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7A monthly fee of €3.99 where Dosh charges NZD 0.
9.3 vs 9.0
9.3 vs 8.7
9.3 vs 9.5
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9.3 vs 9.0
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9.3 vs 8.9- 9.3 vs 8.9
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9.3 vs 8.1- 9.3 vs 8.1
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9.3 vs 8.0
9.3 vs 8.0
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Where Dosh is available
- Available
- New Zealand
- Licence in New Zealand
- Financial Markets Authority (FSP1000801), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold?+
The monthly fee is NZD 0 on the everyday account. Adding money from a bank or wallet costs NZD 0, while adding it through Windcave carries NZD 0.70 per transaction to add money via Windcave per transaction. Interest is paid on balances at 2.6%, and the rate is variable rather than fixed.
Is the money safe and who regulates Dosh?+
Dosh is registered with the Financial Markets Authority in New Zealand, and the legal entity behind the service is MCA Investments Limited. The account runs on easy access terms, so there is no notice period to wait through before the money is accessible.
How fast can money move?+
Payments are Instant, 24/7 and can be paid out to a bank account or a wallet. Withdrawal access follows On call, unlimited withdrawals, no notice period, which means the money is reachable the moment it lands rather than after a fixed term.
Who is Dosh built for?+
Dosh lists teens as its audience, and the service is based in New Zealand. That makes it a first account for a young person learning to budget, usually opened with a parent, with a monthly fee of NZD 0 and Instant, 24/7 payments to a bank account or wallet.
What interest do savings earn?+
The rate is 2.6% and it is variable, so it can move rather than staying fixed for a set term. The minimum deposit is NZD 0, so an account can be started with a small amount and left to grow while withdrawals stay on call.
What does it cost to convert currency?+
Converting currency costs 2% and carries an exchange rate margin of 2%. That sits above the site median of 0.5%, so a card used on holiday or on imported purchases is the expensive side of an otherwise free account.
Is there a branch or cash machine?+
The account is digital-only, so a branch is not among its features, which list digital only. Everything runs through the app, and money arrives by bank transfer or wallet, with payouts going to a bank account or a wallet.
How do I get help?+
Support runs on email, chat and phone, so there is phone, chat and email as well as a help centre for common questions. A teen account holder can reach a person directly by phone, or send a message and read answers in the help centre when it suits.
Sources
- dosh.nz checked September 26, 2026
Backs: Headquarters
“Office: Level 3, 30 Daldy Street, Auckland CBD”
- dosh.nz/dosh-card checked September 26, 2026
Backs: Monthly fee
“Yes, it is free to order your One NZ dosh card. There are also no annual fees with your One NZ dosh card.”
- dosh.nz/payments checked September 26, 2026
Backs: Delivery time, Payout methods, Fee to send 1,000
“Don't let old debts come between you. Pay your friends back instantly, 24/7 with dosh.”
- dosh.nz/public-disclosure checked September 26, 2026
Backs: Legal entity, Licences
“Dosh is the trading name of MCA Investments Limited (NZBN 9429048713511), which is registered on the Financial Service Providers Register (FSP1000801)”
- dosh.nz/save checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit
“dosh Strives are fully on call savings accounts. You can make unlimited withdrawals at any time with no notice period and no penalties.”
- dosh.nz/terms-conditions checked September 26, 2026
Backs: Audience, Features, Currency conversion fee, Exchange rate markup, Pricing model, Rate type, Support channels, Transfer fee
“You must be in New Zealand, be over 13 years old and have a New Zealand mobile phone account and New Zealand bank account to use Dosh.”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.