Banking for NZ

There are two options to choose from for banking in NZ:

Wise and ANZ

Wise

- easy setup, can be done BEFORE arrival in New Zealand

- Platform allows multiple bank accounts within the app, with minimal fees oncurrency     exchange. This means you can receive funds in different currencies allin one place

- You can convert GDP or Euro to NZ dollars and vice versa

– You can use thisaccount in New Zealand without paying extra fees

ANZ

- Setup is a little more complicated but still fairly simple and only takes a coupledays

- ANZ is the most common and reliable bank in New Zealand.

- Everywhere will except ANZ payments

– online bank transfers will be INSTANT toother ANZ users

- Unlimited Cash withdrawals

Wise vs ANZ

- ANZ offers a simpler app service, compared to Wise which has many morefeatures

– Down to preference

- Wise allows you to receive international payments with ease and minimal fees,whereas
ANZ takes a few days and charges a larger fee; Helpful for someWorking holiday makers
that may receive money from home