NZ Herald
Face to face banking fees should be dropped – Age Concern
16/06/2021
“Anyone concerned about their bank fees should talk to their bank to discuss their particular situation and how they can avoid fees,” he said. “Some banks waive fees for older customers. Everyone’s circumstances are a bit different and it pays to have a chat about how your bank can help you.”
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Otago Daily Times
Just you wait
14/06/2021
Beaumont said banks understood change could be difficult for some customers. “When these often challenging decisions are made, banks put in place significant programmes to communicate and support their customers through the change.”
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NZ Herald
Diana Clement: It pays to switch banks and the good news is it’s easy
30/05/2021
The New Zealand Bankers’ Association says for banking talk to your new bank, which will provide you with a Switching Bank Request Form. Once you’ve completed and returned that form your bank will identify and transfer over all your recurring payments, taking most of the pain away. Nice.
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NZ Herald
First-home buyers: $100k in the bank and still no luck in the market
22/05/2021
Beaumont said banks lend where they can, subject to lending criteria, which includes the borrower’s equity or deposit and their ability to repay the loan, so they weren’t “going in over their head”.
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NBR
Business Banks grilled over branch closures
19/05/2021
Politicians from both sides of the House sought answers on how banks would protect the estimated 1% to 2% of customers who were likely to never access digital banking services. NZBA chief executive Roger Beaumont said phone banking was an “elegant solution” for customers in this situation, because most still had a landline.
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NZ Herald
Northland Mayor John Carter slams banks for ‘ignoring’ rural NZ
18/05/2021
“It’s great to have interest in our banking hubs trial from regions like the Far North. Banks are closing some branches because customers prefer more convenient ways of banking. Some branches get fewer than 10 customers a day.”
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RNZ
Demise of bank branch: Are regional banking hubs the future?
12/05/2021
Roger Beaumont talks to RNZ’s Kathryn Ryan about the regional Banking Hubs trial.
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Stuff
Bank term deposit rates are so low savers can’t be bothered putting savings in them
02/05/2021
“In short, money is relatively cheap at the moment. That’s driven by a number of things, including the all-time low official cash rate, set by the Reserve Bank, which is currently at 0.25 per cent. Other factors include the cost of overseas funding, and Reserve Bank initiatives to increase the supply of money.
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Newsroom
Banks want small-timers to pay higher levies to guarantee deposits
27/04/2021
“One issue that will need working through is how the levies to fund the scheme are applied to participating entities,” said Roger Beaumont, chief executive of the NZ Bankers’ Association. “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on...
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Regulation Asia
New Zealand to Introduce Deposit Guarantee Scheme by 2023
23/04/2021
Beaumont also said the deposit protection scheme needs to take into account the higher minimum capital requirements to be phased in for banks, which he says will come at a high cost and is intended to help banks withstand a one-in-200-year shock.
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