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DCS hero logo

The DCS covers you up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts.  This includes existing deposits made before 1 July 2025.

Tui with calculator

Protecting your money

Visual: The words Depositor Compensation Scheme appear on screen, with an illustration of a female next to the text. The female character has her hair tied up in a bun, is wearing a pounamu and is holding a large coin in her hand.

Audio: The Depositor Compensation Scheme or DCS, is here to help protect your money.

Visual: Scene inside a bank vault. The camera pulls back as the bank teller, Aroha, appears on screen.

Audio: In the unlikely event that your deposit taker...

Visual: Cut to front of Shaky Isles Bank. As the main female character walks past, shutters appear, with a sign that says "Permanently Closed".

Audio: like your bank, building society, credit union or finance company, goes out of business.

Visual: In shock, the main character fumbles the coin. The coin continues to fall down through the frame.

Audio: You’ll be covered up to $100,000 per deposit taker when your money is held in DCS-protected accounts.

Visual: The coin falls into a net. The female pulls the net with the coin in it back into the street scene with Shaky Isles Bank.

Audio: It’s like having a safety net for your money.

Visual: Close ups of advertising signs for financial products - everyday accounts, online call savings, notice saver and term deposits with interest rates and fees.

Audio: It covers a range of financial products like transaction, savings, notice, and term deposit accounts. 

Visual: Cut to scene in front of Tooty Fruity store. A female pushing a stroller walks past as the store owner waves to her. They are each holding a coin with a net around it.

Audio: Coverage is automatic if your money is in a DCS-protected account. 

Visual: Cut to the main female character sitting outside Minted Cafe looking at her phone. 

Audio: But the DCS doesn’t cover every financial product. 

Visual: Close up of mobile phone screen, with different financial products listed. The DCS logo comes into view.

Audio: So, check your deposit taker’s website to see which of their products are protected.

Visual: Cut to close up of Aroha, the bank teller as she smiles.

Audio: Or talk to them for more information. 

Visual: The words dcs.govt.nz appear on screen

Audio: Visit dcs.govt.nz to learn more. 

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.