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Can you recommend a good bank in New Zealand? |
We're looking to buy a small retirement property in New Zealand and figure we'll be setting up a bank account there to handle some expenses. I have no idea which banks provide a good exchange rate, interest rate, etc., and would love some opinions. Yes. The only NZ owned banks are the Taranaki Savings Bank, Kiwibank, the Southland Building Society and the credit unions. The only trouble with the TSB is you need to deposit a minimum $5000. My accounts are with the Southland Credit Union and Kiwibank. Both are good, especially the SCU. My experience of dealing with the foreign-owned trading banks is that they're rude, arrogant and unhelpful to everybody on an ordinary income. They make it clear that every customer who isn't rich is a nuisance. Thanks. Good luck on your retirement. I came here from the UK. I've travelled a lot since then, but NZ is a good place to live. You'll like it. Regards. Report It I found it difficult to find a bank that would allow me to open up an account without having a working visa. Kiwi bank is the best bank these are the major banks in NZ although I am sure I may have missed a couple KiwiBank would be my first chioce, SBS(Southland Building Society) ,and TSB. I don't like Kiwibank. I don't agree with the Government putting money into one bank and helping it. As others have said Kiwibank, TSB are both the only N.Z owned bank. |
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