The Reserve Bank of New Zealand has launched its first Community Cash Trial in Waipukurau, testing a local cash depot model intended to improve access to cash withdrawals and change in communities where bank branches and ATMs have reduced. It also confirmed it will continue issuing cash “for as long as the public needs it” and announced that its collectable coin partnership with NZ Post will conclude on 30 June 2026 following a strategic review. The 12-month research project, run with Central Hawke’s Bay District Council, allows approved local businesses and community organisations to obtain cash and make change in low-denomination banknotes free of fees. The Bank cited research indicating 72% of small businesses would be adversely affected if cash were unavailable, while its own survey found more than 80% of adults use cash sometimes, 56% store cash and 8% rely on cash; it also flagged that people in Waipukurau and Waipawa have had to travel up to 50 km for cash services since local branch closures and inadequate remaining ATMs. Further trials in a small number of towns are planned for 2026. Separately, the Bank plans to engage with banks on a voluntary commitment to provide “full cash services” to a minimum standard, while noting it may use existing powers if voluntary measures do not deliver the desired outcomes.
Reserve Bank of New Zealand 2025-11-27
Reserve Bank of New Zealand starts 12-month Waipukurau community cash depot trial and sets 30 June 2026 end to NZ Post collectable coin partnership
The Reserve Bank of New Zealand has launched its first Community Cash Trial in Waipukurau to improve cash access in areas with fewer bank branches and ATMs, confirming ongoing cash issuance and ending its collectable coin partnership with NZ Post by June 2026. The 12-month project, in collaboration with Central Hawke’s Bay District Council, allows local businesses to access cash without fees, with further trials planned for 2026 and potential engagement with banks on maintaining cash services.