The removal of cheque payments could see an increase in exploitation of the elderly and vulnerable, Invercargill MP Penny Simmonds says.

“Cheques are still a useful and important part of many people’s lives. A Rural Women NZ survey earlier this year revealed that 61 per cent of respondents were worried about the disappearance of cheques.

“This includes the elderly and not digitally-enabled, those with impairments such as sight, or conditions such as dyslexia, those who cannot afford electronic devices, and those with poor internet connectivity.

“I believe this decision affects people’s independence, their dignity and will likely create social problems or abuse.

“Older people may trust friends or family with their online banking - potentially opening themselves up to security risks and exploitation if personal information or PINs are given out.

“Grey Power Southland shares my concerns around this issue.

“We also don’t want people, particularly seniors, drawing large amounts of cash from their accounts and keeping money at home, with the obvious safety issues involved.

“Labour last week voted against an inquiry into how banks and government agencies will make sure people can still manage their finances without cheques.

“Sadly this reflects the Government’s disregard for some of the most vulnerable people in our community.

“National is pushing for an investigation and I intend to put my full support behind it.”