It’s New Zealand’s open finance platform
Akahu provides integrations with New Zealand banks, which makes it simple to connect your bank account to trusted products like PaySauce. Once your account is connected, we can automate paying your staff and the IRD.
Read all about them on Akahu's website.
It lets employers connect their bank accounts directly to PaySauce, themselves. There are no forms flying forwards and backwards - and more importantly, no delays . Paying your staff and the tax man has never been easier.
No, the connection is ongoing and can be managed in your integration settings inside PaySauce or at my.akahu.nz.
When you connect your bank account via Akahu, they’ll create a token to access your account, and your credentials will be immediately deleted. Then when you approve a payrun in PaySauce, we’ll send the payment instruction to Akahu, who will use the token to initiate the payment from your connected bank account. The token is securely stored, and cannot be used to recreate your credentials.
Customers who bank with; ANZ, ASB, Heartland, Kiwibank, Rabobank, TSB, the Co-operative Bank and Westpac can connect via Akahu.
You'll need the login details to the relevant bank account, and that account must be accessible via your bank's mobile app.
Your pay runs need to be less than $50,000, Akahu enforces a $50,000 transaction limit for security purposes. Your individual account may also have a transaction limit, so ensure this is large enough to cover your payroll.
Accounts which require two authorisers can’t use Akahu, you will have to use one of our other banking methods.
Step by step set up for existing customers:
Log into your PaySauce account
Go to Settings Integrations Akahu
Follow the guidance on screen
Once integrated and accounts linked, go to Accounts Bank
Click the edit pencil on the account you'd like to use and set as default
Code and Reference details can also be added but are optional