Are your deposits protected?
Since 2026, New Zealand's Depositor Compensation Scheme covers up to $100,000 of your deposits at each registered institution if the institution fails. This tool checks how much of your savings is covered.
YOUR ACCOUNTS
Add the accounts you want to check.
Add your accounts below — start with the bank where you keep most of your savings. The tool checks each institution against the $100,000 limit and tells you whether you'd be covered if anything went wrong.
A joint account is treated as two depositors under the DCS, so it's covered up to $200,000 in total — the standard $100,000 limit for each holder.
Educational tool only. Coverage rules are based on the Deposit Takers Act 2023 and the Depositor Compensation Scheme. Confirm your coverage with your bank or at dcs.govt.nz. For advice tailored to your situation, see a licensed financial adviser. Some institutions share a banking licence with others; the DCS aggregates deposits across the same licence holder before applying the limit.