Opening a bank account remains a challenge for some
Opening a bank account remains a challenge for some
29 March 2025
The Reserve Bank's published research which found a third of frontline staff were unable to open an account for someone often.
Reserve Bank Financial Inclusion Principal Adviser, Tom Bayliss, says Barriers identified include ID requirements, complex paperwork and a lack of branches.
He says in the modern world having a bank account is becoming more and more vital.
Bayliss says that includes for things like making payments and receiving an income.
© 2025 Newstalk ZB, NZCity
