NZ · NZD

New Zealand digital banks

New Zealand has not licensed a locally-owned digital-only registered bank yet. Dosh says so on its homepage: not a registered bank; funds on trust at a NZ registered bank; DCS language on their copy. Wise and Airwallex are the cross-border objects. Do not write ‘NZ neobank’ onto a trust account until RBNZ says the word bank.

1Live on NeoBankDB

Regulator

Reserve Bank of New Zealand (RBNZ) and FMA

Deposit scheme

Depositor Compensation Scheme (DCS) on eligible deposits at member institutions — confirm the live cap on RBNZ. A fintech trust account is not automatically a registered bank.

In this market

Licence still sits on the product

	Product	Score	HQ	Monthly	FX	Users	Licence
	Dosh	6.4	Auckland, New Zealand	Confirm live in-app	Not a cross-border specialist	40,000+ accounts (2025 trade press)	Fintech — funds held on trust at a NZ registered bank