Travel Reference
In-Depth Information
Money
ATMs & Eftpos
Branches of the country's major banks across the South Island have ATMs, but you won't find them everywhere (eg not
in small towns).
Many NZ businesses use electronic funds transfer at point of sale (Eftpos), allowing you to use your bank card (credit
or debit) to make direct purchases and often withdraw cash as well. Eftpos is available practically everywhere: just like
an ATM, you'll need a personal identification number (PIN).
Bank Accounts
We've heard mixed reports on the subject of travellers opening bank accounts in NZ, and bank websites are vague.
Some sources say opening an account is as simple as flashing a few pieces of ID; other sources say banks won't allow
visitors to open an account unless the application is accompanied by proof of employment. Either way, do your home-
work before you arrive and be prepared to shop around to get the best deal.
Credit & Debit Cards
CREDIT CARDS
Credit cards such as Visa and MasterCard are widely accepted for everything from a hostel bed to a bungy jump, and are
pretty much essential for car hire. They can also be used for over-the-counter cash advances at banks and from ATMs,
but be aware that such transactions incur charges. Diners Club and American Express cards are not as widely accepted.
DEBIT CARDS
Debit cards enable you to draw money directly from your home bank account using ATMs, banks or Eftpos facilities.
Any card connected to the international banking network (Cirrus, Maestro, Visa Plus and Eurocard) should work with
your PIN. Fees will vary depending on your home bank; ask before you leave. Alternatively, companies such as Travel-
ex offer debit cards with set withdrawal fees and a balance you can top-up from your personal bank account while on the
road.
Currency
NZ's currency is the NZ dollar, comprising 100 cents. There are 10c, 20c, 50c, $1 and $2 coins, and $5, $10, $20, $50
and $100 notes. Prices are often still marked in single cents and then rounded to the nearest 10c when you hand over
your money.
Moneychangers
Changing foreign currency or travellers cheques is usually no problem at NZ banks or at licensed moneychangers (eg
Travelex) in the major cities. Moneychangers can be found in all major tourist areas, cities and airports.
Taxes & Refunds
The Goods and Services Tax (GST) is a flat 15% tax on all domestic goods and services. Prices in this topic include
GST. There's no GST refund available when you leave NZ.
