Money: Difference between revisions
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* You can setup a bank account like with BNZ before you arrive. | * You can setup a bank account like with BNZ before you arrive. | ||
* You cannot activate your bank account until you have a tenancy arrangement. AirBnBs do count, but you will need to be physically present at the branch to activate. (Needs Citation) | * <s>You cannot activate your bank account until you have a tenancy arrangement. AirBnBs do count, but you will need to be physically present at the branch to activate. (Needs Citation)</s> | ||
** <s>You will also need a bill in hand. Cell phone bills count. (Needs citation)</s> | |||
* Wise is not a bank<ref>[https://wise.com/us/blog/wise-as-bank-account#:~:text=No%2C%20you%20cannot%20use%20Wise,it's%20a%20financial%20technology%20company. Wise Is Not a Bank Page]</ref>, but has a lot of features like a bank. Like being able to order a Wise Card that lets you withdraw from ATMs internationally. The card will pull from the Wise fund that has the lowest conversion rate. So if you already have NZD currency in your Wise account, there shouldn't be a conversion fee. | * Wise is not a bank<ref>[https://wise.com/us/blog/wise-as-bank-account#:~:text=No%2C%20you%20cannot%20use%20Wise,it's%20a%20financial%20technology%20company. Wise Is Not a Bank Page]</ref>, but has a lot of features like a bank. Like being able to order a Wise Card that lets you withdraw from ATMs internationally. The card will pull from the Wise fund that has the lowest conversion rate. So if you already have NZD currency in your Wise account, there shouldn't be a conversion fee. | ||
Revision as of 23:56, 16 February 2023
Where to Keep Your Money
If you've come for financial advice, well, you came to the wrong place. This is a big priority item, and you'll want to do your own independent research. That being said, here is some non-professional financial advice for you to consider. Seriously, don't take any of this as truth, this is your money, get facts from legit sources.
- You can setup a bank account like with BNZ before you arrive.
You cannot activate your bank account until you have a tenancy arrangement. AirBnBs do count, but you will need to be physically present at the branch to activate. (Needs Citation)You will also need a bill in hand. Cell phone bills count. (Needs citation)
- Wise is not a bank[1], but has a lot of features like a bank. Like being able to order a Wise Card that lets you withdraw from ATMs internationally. The card will pull from the Wise fund that has the lowest conversion rate. So if you already have NZD currency in your Wise account, there shouldn't be a conversion fee.