The Depositor Compensation Scheme* (DCS) came into effect on 1 July 2025. The DCS covers eligible depositors up to $100,000 per deposit taker in the event of a failure, when money is held in DCS-protected accounts like Welcome Secured Term Deposits and our Wholesale PIE Fund.
The DCS gives depositors confidence that their money is protected, adding to the stability of New Zealand’s financial system. Many other parts of the world offer similar protection to depositors.
To find out more and for a comprehensive list of FAQs, visit Depositor Compensation Scheme page on our website.
For a full list of deposit takers go to Depositor Compensation Scheme (DCS) – Reserve Bank of New Zealand – Te Pūtea Matua.
