Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Smarter Banking: how to get the most out of your banking

Media Release
16 July 2018


If you’d like to get the most out of your banking and manage your money better, it might pay to check out the Smarter Banking guide launched by the New Zealand Bankers’ Association today.

“The guide provides practical information for customers about their everyday banking. It’s also intended to complement the recently revised Code of Banking Practice, which sets out five high-level promises that our banks make to their customers,” says New Zealand Bankers’ Association deputy chief executive Antony Buick-Constable.

“The guide covers things like the easiest ways to bank and getting the right products and services to suit your individual needs. It also includes tips on how to set up and cancel recurring payments, avoid bank fees, and keep yourself safe from fraud.

“There's also information on switching banks and how to make a complaint if you're not satisfied with your bank.

“We hope the guide will appeal widely to bank customers. Some of the information will be especially useful for vulnerable consumers who are the focus of the Financial Inclusion Industry Forum that’s taking place in Auckland this week.”

The Smarter Banking guide includes information on:
• What you can expect from your bank
• Easiest ways to bank
• Opening accounts and applying for credit
• Setting up and cancelling direct debits
• Choosing and managing your credit card
• How to avoid bank fees
• Fraud safety and cybersecurity
• Protecting yourself from financial abuse
• Financial hardship – how your bank can help
• Switching banks
• How to make a complaint

A printable version of the guide is available here:
http://www.nzba.org.nz/wp-content/uploads/2018/07/Smarter-Banking-PDF.pdf

The content of the guide is also available on the NZBA website under Smarter Banking here:
http://www.nzba.org.nz/consumer-information/


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


TradeMe: Supply Sees Biggest Jump On Record While Prices Continue To Slump

The number of properties for sale across the country saw the biggest year-on-year jump ever in July, while prices continued to drop according to the latest Trade Me Property Price Index... More>>


Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>