"The change appears to be due to the work involved for branch staff in accepting a deposit."

STOP MAKING OUR BANKS ACCEPT YOUR FILTHY MONEY YOU HEATHENS

https://www.rnz.co.nz/news/business/564212/why-you-can-t-deposit-cash-into-someone-else-s-account-at-the-bank

#NZPOL #banking #rhymeswith

Why you can't deposit cash into someone else's account at the bank

You can do lots of things at a bank, but this probably isn't one of them.

RNZ

https://www.rnz.co.nz/news/business/562757/money-in-transaction-accounts-costing-new-zealanders-billions He said it was customer inertia that also delivered higher profits to the banks, because they could make money from the cash sitting in the accounts.

But he said banks should be encouraging customers to check that they had their money in the right accounts. Sure Jan. #nzpol #bankprofits #rhymeswith

Money in transaction accounts costing New Zealanders billions

New Zealanders could be leaving their share of more than $1b a year on the table by keeping their cash in transaction accounts.

RNZ
Biggest bank bottom of customer rankings

Consumer has released its bank rankings, and says country's biggest bank needs to think about how it can do better.

RNZ