🏦 Banks

What is the Depositor Compensation Scheme and what does it protect?

The Depositor Compensation Scheme protects your money in a bank account if the bank fails — up to $100,000 per depositor, per institution. How it works, and how much is covered.

Digital bank or the big banks: which should you choose?

The big Australian-owned banks have the widest product range and branches, smaller and digital providers often better rates and lower fees. How to weigh the pros and cons.

How to choose your first everyday account

Your everyday account is the hub of your money. How to compare fees, cards, the app, payments and savings options — and avoid the costs that slip past.

What is a credit report and a credit score in New Zealand?

When you apply for a loan, card, phone plan or tenancy, a credit check is done. How the credit reporting agencies work, what a default means, and how to check your own report.