- “If you wanted to switch banks today you would simply go into the new bank and sign an authorisation form and all of that process would happen behind the scenes within five working days,” said Roger Beaumont of the New Zealand Banking Association.
- “The industry would welcome the opportunity to discuss bank profits and the contribution banks make to support the New Zealand economy, households and businesses,” Beaumont said. “There’s also legislation in the pipeline to help people safely share their banking information with other service providers, which will support even more competition.”
- “There’s also legislation in the pipeline to help people safely share their banking information with other service providers, which will support even more competition.”
- The New Zealand Banking Association in October submitted to the Ministry of Business, Innovation and Employment about introducing a permanent exemption to enable banks to provide customers with emergency credit in cases like natural disasters.
- A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives that support financial mentoring for people in need. FinCap chief... Read more »
- New Zealand’s banks are offering a range of support to customers and communities affected by Cyclone Gabrielle, including making $1.4 billion available in low-cost lending and donating $6.5 million to disaster relief funds. “The impact of the Cyclone Gabrielle is devastating at every level. Banks are part of the communities that have been hit by... Read more »
- “ATMs need both power and an internet connection to function, which means a generator alone might not be enough to facilitate access to cash in an event like Cyclone Gabrielle.”
- The banking industry supports the government’s recently announced affordability assessment exemption for customers affected by the recent damaging weather events. “Banks want to provide as much support as possible to those affected by the recent weather damage in the North Island,” says Roger Beaumont, chief executive of the New Zealand Banking Association – Te Rangapū... Read more »
