Month: May 2023

Spotlight on a day in the life of a financial mentor

Decision makers from government and the financial sector are spending time with financial mentors to get practical insights into their daily work and the assistance they offer clients experiencing vulnerability and financial difficulties. The initiative, called A Day in the Life, is part of a partnership between FinCap and the New Zealand Banking Association –… Read more »

Auckland floods: Bank takes insurance payout for home, leaving owners high and dry

“Our banks are part of the communities they serve and responded quickly as the flooding and cyclone events unfolded, making $1.4 billion available in low-cost lending, and donating $6.5 million to disaster relief funds. They also provided loan repayment relief and access to term deposits.”

Whangamatā among four towns to get regional banking hub

The new hub in Whangamatā will be located in a stand-alone location and have a multi-bank Smart ATM and a coin and note change service. A concierge will be available to assist customers access the services, which include an ATM, tablet for online banking, and phone. These services will be available in private areas to… Read more »

Kiwi banks at odds with Aussie bosses over gambling on credit

“If credit cards are blocked, other payment methods – for example, debit cards, Paypal, WeChat, AliPay, through the purchase of ‘tokens’ on eBay or TradeMe, etc – can be used to gamble online,” the association said.

Mortgage interest payments rising rapidly

The New Zealand Banking Association says while the Reserve Bank is raising the cost of borrowing to help fight inflation, people are starting to borrow less. That’s also a reflection of the property market.