RNZ
Which banks pass on OCR changes first?
27/07/2026
Other factors that a bank may consider include the cost of funding they need from overseas, and also the cost of domestic funding sources such as their customers’ term deposits. If interest rates for loans go up, the flip side is that customers with terms deposits generally benefit from higher interest rate returns on their...
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The Post
Business Fraud Money mule pockets cash after Banking Ombudsman unfreezes account
19/07/2026
Since launch, the Banking Association says FIX has helped recover $10 million in stolen funds for scam victims, and identified nearly 5000 money mule accounts, which are domestic bank accounts used by scammers to transfer stolen funds, either knowingly or unknowingly by the account owner.
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Stuff
The ‘convenience fee’ costing Auckland ratepayers $1.4 million a year
17/07/2026
New Zealand Banking Association chief executive Roger Beaumont tells me the fee is made up of several components, a large one being the interchange fee which is regulated by the Commerce Commission.
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Business Desk
RBNZ, banks to form cash-access working group
15/07/2026
“The Reserve Bank now thinks this matter can be addressed on a voluntary basis, and we welcome that approach,” he said, adding this meant there was no longer a need for the association to make a formal submission. “We are pleased that the Reserve Bank has moved away from the mandatory cash access standard set...
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Interest.co.nz
Green Party’s proposed 0.06% bank levy may spark industry competition, but the big four Australian-owned banks could also slap the bill onto depositors
25/06/2026
“The banking sector is already the biggest taxpaying industry in the country, paying around 22% of all corporate tax. Banks pay their fair share of tax alongside millions of dollars in additional levies to fund regulators. The Government should chase tax avoiders such as digital platforms. For example, last year Google paid only $4.6 million...
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NZ Herald
More than 5000 ‘mule’ bank accounts in NZ; scammers target international students
15/06/2026
More than 5000 New Zealand bank accounts have been used by scammers to transfer stolen funds over the past nine months. According to the New Zealand Banking Association, the accounts are often used to send money overseas where it’s almost impossible to get it back.
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Business Desk
Banks recover $10m in scammed funds with Fraud Intelligence Exchange tech
15/06/2026
“The $10 million recovered from scammers is $10 million that might otherwise have been stolen from everyday New Zealanders, causing a great deal of emotional and financial harm,” he said.
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Business Desk
Reserve Bank loosens usage of word ‘bank’
04/06/2026
New Zealand Banking Association chief executive Roger Beaumont said it made sense for businesses providing banking services could call themselves banks, provided they were subject to the same high regulatory standards as traditional banks.
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Newsroom
What’s the definition of a ‘bank’? Newbie discovers it’s not so welcome
04/06/2026
That’s so long as they are subject to the same high regulatory standards as traditional banks. This includes regulation that supports the strength of the banking industry through strong prudential and capital requirements, as well as conduct regulation to help ensure banks treat their customers fairly.
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NZ Herald
Reserve Bank gives finance companies and other deposit takers green light to rebrand as ‘banks’ in competition drive
04/06/2026
“Most people know what a ‘bank’ is but may not be clear on what a ‘deposit-taker’ is, so it makes sense that businesses providing banking services call themselves banks so long as they are subject to the same high regulatory standards as traditional banks,” Beaumont said.
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