What should you pay attention to when applying for a card when studying in New Zealand?

Almost all purchases in New Zealand are made by credit card. Usually, having 20 New Zealand dollars in cash is enough. Therefore, experts studying in New Zealand advise all friends to apply for a bank card immediately after arriving in New Zealand and save the cash in your hands to avoid long nights and dreams.

The following are things to note when applying for a card in New Zealand:

1. All banks, large and small, in New Zealand are closed every Saturday, Sunday and public holidays.

2. For international students, THE NATIONAL BANK is the cheapest (no fees for international students), and it has very user-friendly services, and the service efficiency is relatively fast (the so-called faster is also compared to New Zealand services) In terms of the overall backwardness of the industry). Its logo is a black horse and the bank's signature color is green.

3. To open a US dollar account, you need to deposit 500 US dollars in one time (this is not a big amount for friends who come to New Zealand for the first time -), because the current exchange rate of US dollars to New Zealand dollars is too low, so now directly It would be too much of a loss to convert everything into New Zealand dollars, so it is better to save it for a while and then see the market.

4. Materials required to apply for a card: A) Passport; B) Admission letter; C) Address in New Zealand; D) It is best to have a contact number (a friend’s will do, the bank will not call).

5. You can choose the deposit period. New Zealand bank interest rates are very high. The half-year interest rate for 10,000 New Zealand dollars is about 5%.

6. The bank will first give you a business card-like card with your account number on it. You can only withdraw money at the bank's counter. There is a series of numbers on the card, the last two digits are 00, which is the check (that is, cash, current account), and 01 is the SAVING account.

7. In about two weeks (the fastest), you will receive the bank card from the bank. You need to sign on the back of the card immediately and go to a nearby bank to set up a PIN. Be sure to bring your passport. The PIN number for a New Zealand bank card is only 4 digits, which is very unsafe. Please be careful to keep it confidential when you use your card on the street in the future.

8. Only the National Bank can apply for a credit card (VISA or Master card) for international students who have been in the country for less than half a year, and there is no annual fee.

9. When you swipe your card to buy something in the supermarket, the cashier often asks you "need cash-", which means asking you if you need cash. I advise you not to say yes, because the New Zealand Bank now has regulations that charge fees as long as the money is not taken from the bank's ATM (automated teller machine).

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