For Kiwibank customers, this means they will not be able to get a cheque book on a newly opened bank account. If they already have cheque facilities on existing accounts, they will not be able to order a new cheque book from 30 September 2019.
From 28 February 2020 Kiwibank will no longer accept cheque deposits and will stop providing bank cheques.
What this could mean is that if you receive a cheque from a Kiwibank customer AFTER 28 February 2020, your bank (mainly the Bank of New Zealand for most Methodist Parishes) will no longer be able to deposit them as they will NOT be accepted by Kiwibank.
From 1 March 2020 you will not be able to write out a cheque to a customer/supplier or as a grant to someone who has a Kiwibank account as Kiwibank will not accept the cheque. These payments will need to be made by internet banking.
Our expectation is that Kiwibank are leading the charge on this issue. The use of cheques has reduced by 20% year-on-year for the past five years. Other banks will follow suit and therefore parishes and other entities within the Church need to start preparing for the phasing out of cheques by other banks in 2020 and 2021.
The Methodist Church has a BNZ internet banking login for the Church, any Methodist Parish or entity who would like access to their Parish bank accounts through internet banking, please e-mail email@example.com.