Kiwibank to ditch cheques in February 2020

Thu, 16 May 2019

By Nikki Mandow May 16 (BusinessDesk) - When Kiwibank CEO Steve Jurkovich stands up to address the Grey Power annual meeting next week, he might want to wear his bulletproof vest. That’s the advice from national president Mac Welch, reacting to today’s announcement from Kiwibank that it’s axing cheques from March next year. The government-owned bank says cheque volumes have slumped and it would cost it millions of dollars to keep issuing and accepting them. The investment is better spent elsewhere. Of course Welch is joking about the v...

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