What is Hatch?
Hatch is Kiwi Wealth’s digital investment platform. Kiwi Wealth is Kiwibank’s sister company and is run by Kiwis, for Kiwis. They are part of Kiwi Group Holdings Limited, which is owned by NZ Post, the NZ Super Fund and ACC.
What can people invest in through Hatch?
Hatch gives you easy access to the US share markets. Through Hatch, you can buy shares in individual companies and Exchange Traded Funds (ETFs). You can become a shareholder in tech giants like Apple, beloved lifestyle brands like Lululemon, and innovative companies like Beyond Meat. Or buy shares in funds and spread your money across a lot of investments at once.
Some key features of Hatch include:
Learn everything you need to know to start investing (in just 10 minutes a day) with their free Getting Started Course
Hatch has no monthly subscription costs. They also don’t take a percentage of your gains when you sell
- When you sign up to Hatch, you get your own US brokerage account. You own your shares, which gives you voting rights on any full shares you own. You can also get dividends (even on fractions of shares) and on the money sitting in your Hatch account
How much does it cost to invest with Hatch?
- Sign-up: free. Sign up to Hatch for free and immediately browse and add companies and ETFs to your watchlist. You can learn about investing and monitor shares for as long as you like at no cost
- Exchange fee: 0.5%. When you deposit or withdraw money, they automatically exchange it from NZD to USD (and vice versa). Their 0.5% exchange fee is included in the estimated exchange rate you see in Hatch. They have special rates for deposits over $100,000. You only pay the exchange fee when you deposit or withdraw, and there are no hidden extra fees for withdrawals
- Brokerage: US$3 to buy and sell shares. Adults: You’ll pay a flat fee of US$3 for every order of up to 300 shares. If you buy more than 300 shares in one order, you’ll only pay US1c a share. Under 18s: US50c on kids accounts
- US tax: US$1.50 (one-off) plus US50c per year pays for your compulsory W-8BEN tax form and yearly US tax filing
How do I sign up to Hatch?
It’s simple, you just need an email address and then you’ll create a password. You have to be over 18 to open your own Hatch account. Before you buy shares, you’ll need to get verified online with either a passport (from anywhere in the world) or a New Zealand driver’s licence.