New Zealand is unusual by international standards in not having a deposit protection scheme for money in the bank. GETTY Grant Robertson: The OECD and IMF have said that our banking system might be more vulnerable in a crisis because we don't have a deposit protection regime. However, the OECD and IMF have said that our banking system might be more vulnerable in a crisis because we don't have a deposit protection regime. The Government is proposing a limit between $30,000 and $50,000 for the deposit protection regime. This would cover 90 per cent of individual bank deposits in New Zealand, which is similar to international schemes.

Source: Stuff June 24, 2019 04:01 UTC