Otto is already being used by a group of early birds. We'll be inviting more people to join soon. If you'd like to be one of them, join the early bird club!

Members of the early bird club will be able to use Otto’s core features — linking your accounts, earning tokens, playing games and winning prizes — entirely for free from day one.

In the future, we'll be launching a premium membership that adds a bunch of other cool features, but it'll be totally up to you whether or not you want to upgrade.

The first game we're offering is a lottery. You'll be able to enter regular prize draws using your Otto tokens, and you'll be able win cash prizes and bonus tokens.

Upcoming draws are displayed in the app, along with the number of participants, the prizes on offer, and when the prizes will be drawn.

We'll be adding other interactive games in the future, so sign up to be one of the first to try them out!

To start out, there will be regular cash prizes ranging from $10 to $50,000, plus other prizes from sponsors that we'll announce when we launch. You'll always be able to see upcoming prize draws via Otto's app.

When you sign up with Otto, you’ll need to connect one of your existing accounts via our NZ-based open banking provider, Akahu. It's a simple process that takes a minute or two. 

When you select the account you want to link with Otto (e.g. your savings or KiwiSaver account), Akahu creates a connection to your financial services provider on your behalf, using your credentials. Your credentials are never seen by Otto.

When you use Otto, we regularly send requests to Akahu asking for (say) your current account balance. Akahu fetches that data from your provider, and passes it back to us. This allows us to keep your Otto token balance up to date.

Because we use Akahu, we are able to support the majority of Kiwis. 

The following banks are supported:

ANZ, ASB, BNZ, The Co-operative Bank, Heartland, Kiwibank, NZHL, Rabobank, TSB, and Westpac.

The following financial platforms are supported: 

Booster, Fisher Funds, Generate Kiwisaver, Hatch, Juno, Kernel Wealth, Kiwi Wealth, Milford Asset Management, Sharesies, Sharesight, Simplicity, Stake, and Superlife.

If you have an account with any of the businesses listed above, you’ll be able to link your accounts with Otto, and start earning tokens right away!

We don't provide a financial service, and we don't 'hold' or 'store' your money in any way. It remains in your existing account(s) under your control.

Otto is a rewards program for your money. As you work towards your goals, and link more of your accounts, you'll earn more tokens that can be used to enter our prize draws.

To make money, Otto may receive payments from the financial services providers we partner with, brand sponsorships, paid advertising, and paid membership subscription fees.

We’re a team of passionate Wellingtonians who believe Kiwis deserve a more exciting way to save. We all thought Bonus Bonds was pretty neat and, when it closed down, decided to build a modern and playful alternative.

So, we set out to use our more than 50 years’ combined experience across finance, technology and design to create a new way for Kiwis to build positive financial habits that's equal parts fun, fresh, and financially rewarding.