Travel Reference
In-Depth Information
Money
ATMs & Eftpos
Branches of the country's major banks across both islands 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 un-
less 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 Travelex 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.
