Depositor Compensation Scheme (DCS)

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From 1 July 2025, the DCS covers you up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts.  

Protecting your money

The Depositor Compensation Scheme (DCS) will protect depositors up to $100,000 if your deposit taker fails. Coverage is automatic from 1 July 2025, if your money is in a DCS-protected account. This includes existing deposits.

What the DCS covers

Learn what deposits are covered under the DCS.

Coverage scenarios

Read our scenarios to see how much you could be covered for. Includes individuals, joint accounts, sole traders and more.

List of deposit takers

See which banks and non-bank deposit takers provide DCS-protected deposits.

Information in other languages

Find information about the Depositor Compensation Scheme (DCS) in Te reo Māori, Simplified Chinese, Traditional Chinese, Hindi, Samoan and Tagalog.

Why is the DCS important?

The DCS gives depositors confidence that their money is protected, adding to the stability of New Zealand’s financial system.

Many other parts of the world offer similar protection to depositors.