That is; to what extent does regulation hamper competition in the banking sector? Bank switching; how does it work? Despite that, not many New Zealand bank customers do it. The latest one shows the number of people switching banks at 4%, unchanged year-on-year. As interest.co.nz reported in March, a simple bank switching process managed by the bank the customer is moving to was established in 2010.

Source: Stuff July 14, 2023 02:34 UTC