The Depositor Compensation Scheme (DCS) covers each depositor up to $100,000 per deposit taker in the event of a failure, when money is held in DCS-protected accounts. Deposit Takers are banks and non-bank deposit takers, including credit unions, building societies, and finance companies that take retail deposits.
The DCS is a government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua.
The following list of deposit takers offer deposits that will be covered by the DCS from 1 July 2025. Not all deposits offered by these deposit takers may be eligible for DCS protection.
Please speak with your deposit taker if you are unsure whether your deposits will be covered by the DCS. From 1 July 2025, all deposit takers will be required to maintain a list of DCS-protected deposits on their website.
You can find out more about the DCS here.
This was last updated on 22 April 2025.
| Deposit takers |
|---|
| ANZ Bank New Zealand Limited |
| ASB Bank Limited |
| Bank of Baroda (New Zealand) Limited |
| Bank of China (New Zealand) Limited |
| Bank of India (New Zealand) Limited |
| Bank of New Zealand |
| China Construction Bank (New Zealand) Limited |
| Christian Savings Limited |
| Finance Direct Limited |
| First Credit Union Incorporated |
| General Finance Limited |
| Gold Band Finance Limited |
| Heartland Bank Limited |
| Heretaunga Building Society |
| Industrial and Commercial Bank of China (New Zealand) Limited |
| Kiwibank Limited |
| Liberty Financial Limited |
| Mutual Credit Finance Limited |
| Nelson Building Society |
| Police And Families Credit Union Incorporated |
| Rabobank New Zealand Limited |
| Southland Building Society |
| The Co-Operative Bank Limited |
| TSB Bank Limited |
| Unity Credit Union |
| Wairarapa Building Society |
| Welcome Limited |
| Westpac New Zealand Limited |
| Xceda Finance Limited |