Hatch Review

Hatch is an online investment portal that offers Kiwis access to US share markets.

Logo of Hatch, Kiwi Wealth's digital investment platform

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

Logo of Hatch, Kiwi Wealth's digital investment platform

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.

What online share trading apps are on offer in NZ?

The display order does not reflect any ranking or rating by Canstar.

Provider Link to Provider Markets Membership
Fee
Fees FX fee
Logo of Hatch, Kiwi Wealth's digital investment platform go-to-site US No <300 shares: US$3 per trade
>300 shares: US$0.01 per share
0.5%
Logo of Sharesies, a micro-investing app go-to-site NZ/OZ/
US
No <$3000: 0.5%
>$3000: +0.1%
0.4%
Logo of ShareMeUp, an online investing platform go-to-site NZ No 99c-$1.98 per trade
$1 transaction fee
1% of amount invested
N/A
Logo of Stake, a share trading platform go-to-site US No None
(0.5% optional
express funding fee)
1%

This information is not an endorsement by Canstar of online share trading schemes or any specific provider.

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Written by: Nicole Barratt | Last updated: June 25, 2021

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