Money & tax

Customer paying in a cafe

Debit cards are similar to cash cards (also known as EFTPOS cards) but debit cards have more features.

Using a card is the most common way to pay here, even for small purchases. Contactless and mobile payments are becoming more popular too. In fact, New Zealand has the least cash circulating per person than any other OECD country.

Wages and salaries are usually paid directly into a bank account. If you have a job to come to, it is a good idea to open an account before you get here. You can transfer money into that account, but you cannot use it until you have verified your identity. Check how easy that will be when you choose a bank.

In this section:

  • Cost of living

    What it costs to live in New Zealand may be quite different to your home country. How it compares depends on where...

  • Taxes

    Know the basics of New Zealand’s tax system and what you are required to do.

  • Banking, loans & FX

    Work out how you will handle your everyday finances, and how to transfer your money.

  • Financial assistance

    See what financial back-up is available from New Zealand’s public welfare system.

  • Retirement

    Check out the ways New Zealanders prepare for their retirement.

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Page last updated: 22/06/2020

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