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New Zealand Banking & Finance.

Here we share some general information about New Zealand Banking and Finance.

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Banking & Finance.

Banking is a regulated industry in New Zealand. A bank must be “registered” with New Zealand’s central bank, the Reserve Bank of New Zealand.

Banking regulations are strict by world standard; banks in New Zealand have not engaged in the irresponsible actions characterised by less regulated American, British and European banks; so, from a customer point of view, thanks to Government regulation, New Zealand Banks are relatively safe.

  • There are 27 such banks on the Reserve Bank register.

  • Most of those banks, although incorporated in New Zealand, are, in fact, owned overseas. Only 5 banks are locally owned.

Useful Information

Most banks in New Zealand offer full services that include bank accounts, credit cards, loans, term deposits and managed funds. Banks can usually open up an account for you to transfer money into before you arrive in New Zealand. Shop around for a bank that suits your requirements and talk to friends or colleagues about their recommendations. There are excellent online banking facilities and apps to reduce the need to ever visit an actual bank!

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The Green List

From September 2022 people holding job offers in a small number of occupations may apply for residence. Some occupations are a direct pathway to residence and others require a period of two years or longer before applying.

There are qualification and/or occupational registration requirements to meet. Establishing if an overseas qualification matches the NZ equivalent qualification before applying is paramount for success.

Read more here.

16 May 22

Work Visa Categories Closing

The work visa categories set to close are:

  • Essential Skills Work Visa
  • Essential Skills Work Visa – approval in principle
  • Work to Residence (Talent – Accredited Employer)
  • Work to Residence (Long Term Skills Shortage)
  • Silver Fern Job Search Work Visa (closed October 2019)
  • Silver Fern Practical Experience Work Visa.
10 Feb 22

Policy Decision Key Dates in 2022

  • February 13. Fully vaccinated Kiwis plus certain other travellers entering NZ from the rest of the world* can skip MIQ.
  • April 30. The border starts a phased reopen to fully vaccinated foreign nationals.
  • April 30. The Productivity Commission reports back to the government on immigration settings.
  • May 9. Applications open for mandatory Employer Accreditation.

*Excludes high-risk countries.

16 Dec 21

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