Author: Philip vanDyk

Spring into Money Week

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It’s a good time to spring clean your finances and get your money fighting fit says the New Zealand Bankers’ Association today as Money Week kicks off. “Financial fitness is a lot like physical fitness. It’s easy to put off taking the first step. But once you do, you’ll really notice the benefits. Money Week… Read more »

Debate: Are banks ripping off Kiwi customers?

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Labour MP David Shearer and Kirk Hope from the Bankers’ Association go head-to-head on whether Kiwis are getting a fair deal from banks.

Labour’s David Shearer targets high bank profits

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Hope pointed to NZ$6.6 billion contributed to the New Zealand economy in 2014 in wages to 25,000 employees and other spending, along with NZ$1.8 billion paid in taxes.

Ombudsman warning: Bank tech leaving older people behind

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Hope said all of the products that were available in the past were still available. Asked how long cheques would still be around Hope said that was directly related to customer demand. “If there is demand for it they will still be available.”

Moves to lift quality of regulation welcomed

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The New Zealand Bankers’ Association today welcomed the government’s response to the Productivity Commission’s recommendations to improve regulation in New Zealand. “We support any moves to improve the quality of regulation in New Zealand and it’s good to see the government acknowledging that more needs to be done in this area,” said New Zealand Bankers’… Read more »

Why credit card rates won’t be coming down

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“Some people pay no interest on their credit cards, or they have a low interest credit card. Often they go for the higher interest product because of the loyalty offerings and because they pay the card in full before the interest free period ends.”