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Jenee Tibshraeny: Why is the Reserve Bank so worried about ATMs?

Author
Newstalk ZB,
Publish Date
Wed, 25 Feb 2026, 7:53pm
 Photo / 123rf
Photo / 123rf

Jenee Tibshraeny: Why is the Reserve Bank so worried about ATMs?

Author
Newstalk ZB,
Publish Date
Wed, 25 Feb 2026, 7:53pm

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal. 

It wants to set up 1300 multi-bank hubs to provide full services free of charge.

The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable. 

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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