MONEY, EXCHANGE AND CURRENCY IN AUCKLAND

In Auckland, as in the rest of New Zealand, the official currency is the New Zealand Dollar (NZD). Here’s a comprehensive overview of money, currency exchange, and general financial information in Auckland:

Currency:

  • Currency Code: New Zealand Dollar (NZD)
  • Symbol: $
  • Subunits: The dollar is divided into 100 cents.

Banknotes and Coins:

  • Banknotes: Common denominations include $5, $10, $20, $50, and $100 notes.
  • Coins: Commonly used coins include 10 cents, 20 cents, 50 cents, $1, and $2.

Currency Exchange:

  • Currency Exchange Services: Currency exchange services are available at banks, currency exchange offices, and some hotels. Airports and central business districts typically have multiple options.
  • Banks: Major banks, such as ANZ, ASB, BNZ, and Westpac, provide currency exchange services. Some branches may have extended hours.

ATMs:

  • ATMs (Automatic Teller Machines): ATMs are widespread and can be found in various locations, including banks, shopping areas, and public spaces. International credit and debit cards are widely accepted.

Credit and Debit Cards:

  • Acceptance: Credit and debit cards, especially Visa and MasterCard, are widely accepted at most establishments. American Express and Diners Club are less commonly used.
  • Contactless Payments: Contactless payments using cards or mobile phones are commonly used for transactions.

Currency Conversion Apps:

  • Mobile Apps: Currency conversion apps can be useful for checking real-time exchange rates and converting amounts between different currencies.

Goods and Services Tax (GST):

  • GST Rate: New Zealand has a Goods and Services Tax (GST) of 15%. This tax is usually included in the displayed prices of goods and services.

Tipping Culture:

  • Tipping: Tipping is not as common in New Zealand as it is in some other countries. While it is appreciated for exceptional service, it is not obligatory. Some restaurants may include a service charge.

Digital Payments:

  • EFTPOS: Electronic Funds Transfer at Point of Sale (EFTPOS) is widely used for transactions. It allows direct debiting from a bank account.

Banking Hours:

  • Banking Hours: Banks typically operate on weekdays from 9:00 AM to 4:30 PM. Some branches may offer extended hours on certain days.

Currency Restrictions:

  • Currency Import/Export: There are no restrictions on the import or export of New Zealand currency. However, amounts exceeding NZD 10,000 must be declared.

Financial Assistance:

  • Currency Assistance: In case of currency-related assistance or financial services, banks and financial institutions are readily available to provide support.

Online Banking:

  • Internet Banking: Online banking is widely used in Auckland, offering convenient access to account information, transfers, and bill payments.