Thread: Are NZ Banks Insured?
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Old 07-03-2006, 06:45 AM
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Default Are NZ Banks Insured?
In the US, most banks are members of FDIC (Federal Deposit Insurance Corporation). Membership in FDIC means that if the bank loses money through theft, fire, incompetence, etc the FDIC will reimburse customers for up to $100,000 USD of deposits held in bank.

Is there something similar in NZ or is banking at a bank at your risk?
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