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flag New Zealand seeks public input on basic bank accounts for those facing exclusion due to identity issues.

flag The Council of Financial Regulators in New Zealand is seeking public feedback on introducing basic transaction accounts to help groups excluded from banking services, such as older individuals, ex-prisoners, or young people without passports. flag These accounts include additional controls to prevent misuse and simplify onboarding for those lacking traditional identification. flag The consultation ends on June 18, 2025.

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