New Zealand's unit of currency is the New Zealand dollar (NZ$). There are coins with values of 10, 20 and 50 cents, $1 and $2, and notes with values of $5, $10, $20, $50 and $100.
Banks are open from 9:30am to 4:30pm Monday to Friday. They are usually closed on weekends and public holidays. Some banks are opening in the main centres on Saturday.
Automated Teller Machines (ATM) are widely available at banks, along main shopping streets and in shopping malls.
International credit cards and ATM cards will work as long as they have a four-digit PIN encoded. Check with your bank before leaving home and let them know about your travel plans. Foreign currency can easily be exchanged at most banks, some hotels and bureau de change kiosks. You can find these at international airports and in most city centres. Traveller's cheques are accepted at hotels, banks and some stores.
You may open a bank account very easily in New Zealand. You do not have to be a resident but you do need to have a permanent address, a hotel or motel is not acceptable.
Update 6/12/2009
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from New Zealand or to New Zealand for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
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