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A change of address led to our Wise accounts being shut down

(shaun.nz)
325 points jemmyw | 2 comments | 30 Oct 25 22:41 UTC | HN request time: 0.513s | source
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jhancock ◴[31 Oct 25 00:02 UTC] No.45766905[source]▶
New Zealand banks are horrible. If they made it easy to hold USD and/or forex/fees on international card charges were reasonable, Wise wouldn't be needed in most cases.

NZ banks also have no depositor protection. No equivalent of the US FDIC. Note below from 'jemmyw depositor protection added the past couple months.

replies(2): >>45766955 #>>45774563 #
1. jemmyw ◴[31 Oct 25 00:10 UTC] No.45766955[source]▶
We do now have depositor protection: https://www.rbnz.govt.nz/dcs
replies(1): >>45767136 #
2. jhancock ◴[31 Oct 25 00:41 UTC] No.45767136[source]▶
thanks for the good news. It does exclude foreign currency accounts.