Why you can’t deposit cash into someone else’s account at the bank
You can do lots of things at a bank branch, but depositing cash into another person’s account is probably not one of them.
A spokesperson for New Zealand’s biggest bank, ANZ, said it stopped accepting over-the-counter deposits into someone else’s account last year.
“You can still deposit cash into your own account over the counter or any ANZ accounts you are a signatory on, including business accounts.
“A customer who wants to make payments to another person can deposit the cash into their own account and then transfer the money electronically.
“An ANZ cardholder can also deposit cash into an ANZ ATM, which has the deposit function – a smart ATM. All ANZ NZ branches have at least one smart ATM.”
He said, at a smart ATM, a customer could also put money into another ANZ account.
Westpac said it also did not allow deposits into other accounts.
“Similar to most other banks, only personal account owners or authorised related-party signatories can make over-the-counter cash deposits into their own accounts.
“We also accept over-the-counter cash deposits from non-personal entities, such as organisations or clubs, although the depositor must also supply their full name and telephone number.
“From June 30, 2025, people will need a Westpac card when depositing cash into a Westpac personal account – their own or someone else’s – at our ATMs. There is no change for non-personal entities.”
ASB said its own customers could make deposits into other customers’ accounts. People who were not ASB customers could too, if they met ID requirements.
Financial coach Shula Newland said this seemed weird to some people.
“Legal tender can’t be banked into someone’s account to pay for something,” she said. “In my own personal experience, it now means, if someone wants to pay me in cash, I now have the chore of going down to the bank to have to bank it myself.”
Newland said moving away from cash meant everything could be tracked much more easily.
New Zealand Banking Association chief executive Roger Beaumont said banks were required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act (AML), which could make accepting deposits difficult.
“The law aims to stop people trying to disguise the origin of criminal profits, such as drug trafficking or fraud,” he said. “Under the law, there are rules about verifying the source of the funds, and the identity of the person paying and the recipient.
“In cases where you would like to make a cash payment at your branch to an account in another bank, your bank may not be able to comply with these rules.
“Your bank may be able to suggest other ways you could make the payment.”
Banking expert Claire Matthews said that should not be a reason to stop accepting them.
“I would have thought it would just be a flag that meant an explanation is required and only for large amounts.”
The change appears to be because of the work involved for branch staff in accepting a deposit.
ANZ said it was not about AML so much as responding to changing customer behaviour.
“More people are choosing to do their banking online or through our GoMoney app, with less than 1% of banking transactions now made in person.”
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Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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52.5% Human-centred experience and communication
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14.6% Critical thinking
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29.8% Resilience and adaptability
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3% Other - I will share below!
The Gospel’s Relevance Today**
The Gospel, meaning ‘good news’, is the cornerstone of the message contained in the Bible’s first four books—Matthew, Mark, Luke, and John. While these records were written approximately 2,000 years ago, a natural question arises: why is this Gospel still relevant and vital for us today? This analysis seeks to explore what the Bible itself defines as the Gospel and to understand its enduring significance.
**Defining the Gospel: Core Biblical References**
The Gospel is not a vague concept; Scripture provides clear descriptions of its content and focus.
* **The Gospel of the Kingdom:** In Matthew 4:23, as Jesus begins his ministry, he is described as “preaching the gospel of the kingdom.” This immediately establishes that the good news is centrally about a kingdom—the Kingdom of God. His accompanying miracles served to validate the authority of this message.
* **The Gospel of Jesus Christ:** Mark 1:1 opens with, “The beginning of the gospel of Jesus Christ, the Son of God.” Here, “Christ” is a title meaning ‘anointed one’. Thus, the good news is intrinsically about Jesus: his identity as the Anointed One and his unique status as the Son of God.
* **The Gospel of God’s Grace:** In Acts 20:24, the Apostle Paul speaks of his mission to “testify the gospel of the grace of God.” Grace signifies an undeserved gift. This reveals that the Gospel involves a gift from God, offered not because it is merited, but out of His benevolence.
* **The Gospel of Salvation and Peace:** Romans 1:16 declares the Gospel is “the power of God to salvation for everyone who believes,” breaking down barriers between Jew and Gentile (Greek). Furthermore, Romans 10:15 calls it the “gospel of peace,” pointing to a future state of peace brought about by this message.
* **The Gospel Summarised:** 1 Corinthians 15:1-4 provides a foundational summary. Paul reminds believers of the gospel he preached, “by which also you are saved.” He then states its core historical facts: “that Christ died for our sins according to the Scriptures, and that He was buried, and that He rose again the third day according to the Scriptures.” The Gospel is therefore rooted in the sacrificial death and resurrection of Jesus.
In synthesis, the Gospel is the good news of **salvation and future peace in the Kingdom of God**, made possible by **the grace of God** and **the obedient sacrifice of His Son, Jesus Christ**, and offered to all who believe.
**Old Testament Foundations: The Gospel Preached to Abraham**
A crucial question is whether the Gospel is confined to the New Testament. Scripture shows its foundations were laid much earlier. Galatians 3:8 states explicitly that “the Scripture, foreseeing that God would justify the Gentiles by faith, preached the gospel to Abraham beforehand, saying, ‘In you all the nations shall be blessed.’”
This reference points back to Genesis 12:1-3, where God made profound promises to Abraham: to make him a great nation, to bless those who blessed him, and that “in you all the families of the earth shall be blessed.” These promises—later reaffirmed to Isaac and Jacob—form the bedrock of the Gospel hope. The good news of salvation through Christ is the fulfillment of how **all nations** would be blessed through Abraham’s “seed.”
**The Gospel’s Personal Relevance: Good News for You Today**
How does this ancient message become “good news for you” today? The application is clearly outlined in Galatians 3.
* **Access through Faith in Christ:** Galatians 3:26 declares, “For you are all sons of God through faith in Christ Jesus.” The promise made to Abraham is now extended to anyone with faith in Jesus.
* **The Role of Baptism:** Verse 27 explains, “For as many of you as were baptized into Christ have put on Christ.” Baptism is the God-appointed act of faith that identifies a believer with Christ’s death and resurrection.
* **Unity and Inheritance:** Verses 28-29 reveal the glorious outcome: “There is neither Jew nor Greek, there is neither slave nor free, there is neither male nor female; for you are all one in Christ Jesus. And if you are Christ’s, then you are Abraham’s seed, and heirs according to the promise.” Through the Gospel, all barriers are removed; believers become spiritual descendants of Abraham and heirs to the promises of the Kingdom.
This Gospel was once a mystery hidden in God’s purpose (Ephesians 3:3-9). Now, it has been revealed: the unsearchable riches of Christ, offering salvation to all who heed the call, believe the message, and are baptised into him.
**Conclusion: An Enduring and Open Invitation**
The Gospel is far more than a historical account; it is the living, powerful good news of God’s plan for salvation. It is rooted in promises to Abraham, accomplished through the death and resurrection of Jesus Christ, and open to all people without distinction. It offers a tangible hope—the hope of resurrection, peace, and an inheritance in the coming Kingdom of God. This is why the Gospel remains profoundly relevant. It is an invitation to listen, believe, and stand firm in this hope, linking our lives today to the eternal purpose of God.
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