5Opening a bank account in New Zealand


An IRD number is required to open a bank account, so you will need to obtain that first before attempting to do so. This is a crucial step post-arrival in New Zealand. More is explained in the next chapter.

See our guide on How to choose a bank and open an account in New Zealand.

Banks often ask for a proof of residence. The above guide addresses this very common question.

How to transfer money to New Zealand?

The most recommended method is to use a platform specializing in money transfers. Compared to traditional banks, these are faster, fees are generally lower, and exchange rates more favourable. Via pvtistes.net, you can take advantage of a first money transfer completely free of charge through Wise. The transfer will settle and be accessible within 3 days.

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The pvtistes.net team has been around since 2005, guiding thousands of young adults through all aspects of their working holiday!

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