Month: October 2024

How to be financially average

The NZ Banking Association said the average savings account balance in June was $15,800.

Australia to ban debit card payment surcharges – should NZ follow suit?

“Whether or not merchants charge their customers for the cost of processing card payments is a matter for them. Some may prefer to pass on the cost, while others may absorb it as a cost of doing business,” said NZBA chief executive Roger Beaumont in a statement.

New scam-busting banking system not good enough says campaigner

Banking Association chief executive Roger Beaumont acknowledged that it would take different banks different lengths of time to test and deliver the system. “The technology build and integration of the new service differs across banks, so it’s unsurprising that each bank’s testing and delivery phase looks slightly different.”

Banks to start rolling out Confirmation of Payee in November

New Zealand’s retail banks will start rolling out the new Confirmation of Payee service by the end of November this year, says the New Zealand Banking Association. It will be a phased delivery to customers to ensure proper testing and customer satisfaction. Confirmation of Payee will provide bank customers with an extra level of reassurance… Read more »