Getting a debit card is one of the best ways to manage your finances if you’re an expat in New Zealand. It can be used to receive your salary, pay bills or rent, dine, and even pay for your credits. Luckily, opening a debit account in the country is really easy! As a foreigner, you just need to prepare your documents ahead for a faster application.
To get the best debit card fit for expat living, here are the important things you need to know.
New Zealand banks don’t require a ton of requirements. They simply need some of your basic details like full name, country of origin, contact information, and other relevant details.
Aside from these, they also need some legal documents to verify your identity. These include, but are not limited to: valid IDs like passport or driver’s licence, and proof of address. If you don’t have a permanent address, enter your temporary address like the hotel you’re staying at, and just change it after you move.
Most banks will allow walk-ins. Simply bring your requirements, and let the teller assist you with the process. However, some banks may require you to book an appointment, so it’s best to conduct some research before coming to the bank.
Some NZ banks also allow you to open an account even if you haven’t set foot in the country yet. Visit their website, fill out their form, and scan your verification like IDs, visa, and more.
Before completing your application, you can also choose to have your debit card delivered in your NZ address as soon as you arrive.
Almost all banks in the country offer a debit card with a free-fees everyday account. This is a $10 per year payment for using your debit card daily. Aside from this standard charge, you may also have to pay for overdraft interest and excess fees.
Upon receiving your debit card, it’s usually EFTPOS-ready. This is especially useful because most merchants in NZ are equipped with this feature. However, you can’t use it overseas; if you want to use it internationally, upgrade it to VISA.
Bank of New Zealand is one of the pioneers in finance, so it’s no wonder that they offer one of the best debit cards in the country. They have no annual fees and no overseas ATM cash withdrawal fees. Aside from this, it’s important to take note of the following:
Westpac has a long history of servicing finance to Kiwis. Their debit card offerings are packed with plenty of useful features like the freedom to block and unblock your card. Other features and charges include:
Kiwibank may be a young company, but they’ve become one of the best banks to offer debit cards. They pack features like Tertiary Pack and Graduate Pack, which are perfect for transfer students that want to start saving. Other features include:
Australia and New Zealand Banking Group Limited offer debit cards with plenty of perks and discount offers that you can use in your everyday shopping. Before opening a debit account from them, take note of the following:
ASB lets you manage your card’s spending limits with cash withdrawals, in-store and online transactions, and lock and unlock features if ever stolen. Aside from having no overseas ATM cash withdrawal fee, here are some charges that you need to know:
Debit cards are a great way for expats to manage their finances. Aside from these banks, there are also plenty of great deals from other banks in New Zealand. Searching for them one by one may be a hassle, but the great thing is — you can save time, effort, and money in getting a debit card.
A month after Starlink's NZ launch, we check in to see how it's delivering its promise, and if Kiwis are actually happy with th...
Planning to sell or buy your own home? See this list of the best and trusted real estate agents in NZ to make sure you get the ...
I’ve just had a great experience with Kurt from glimp compare. He helped me through the process from the time I clicked onto the website, via the chat function. Long story short I have signed up to a new power and broadband provider with significant cost savings. There was no pressure at any stage, just respectful guidance and facilitation to initiate the new supply.
Easiest service to use and knowledgeable and experienced staff. Made switching power and broadband stress free! Thanks Jamie S, they answered all my questions I had about starting a new connection for broadband and power - even better than calling Slingshot direct as I got 3 months free internet and credit for using my own modem :)
Virtually instant contact after filling out online form. Great rep - friendly and informative, great deal made for cheaper power, overall so far so good 😁
Thank you Glimp and Larry G for helping me today. Larry contacted me real quick to answer my questions and help me with my trouble about the Power provider. He also explained to me what are the difference between my current and the new provider. Thank you!
very confusing. I signed up, completed my details and it was sent to Stuff. I then get notified to sign up on Stuff, so I do that and get an order notification. I then get an email an hour later from Glimp asking me to complete my order by following the link, and to hurry so as not to miss out. I am then taken to a Stuff page again to complete an order that is not the order I signed up for, i.e. 4 months half price not the 6 months half price I agreed to. So I have no idea now what the status is and what deal stuff think I am on.