![]() The commissions - up to ~6% for currencies not loaded.The fees - including setup fees ($0 to $20), delivery fees (up to $50), ATM cash withdrawal fees ($2 to $6) and others.Some Travel Money cards offer reward points.Travel Money cards don't need credit checks, so anyone of any age can apply for one.This means if the NZD drops, your purchased currency is locked in and protected so you have certainty over how much you'll have for your trip. When you load a card with New Zealand dollars, it buys the currency of your choice at a fixed exchange rate.Travel Money cards help you budget - you also can't overspend using them (although a credit card is a good backup in case of an emergency).Your New Zealand dollars will be converted to the currency using the exchange rate at the time of your transaction. If you run out of any currency, you can use internet banking and top up. To spend the balance, you use the card when in the countries that use those currencies and the balance is deducted. For example, you buy 500 Euros, 500 British Pounds, 500 US Dollars. Travel Money cards act like having digital currency in your wallet.Travel Money cards are safer than cash, and if you lose it, a phone call to the issuer will block it instantly.Your spending money is prepaid, and you don't need to carry around envelopes of foreign currency when you head off overseas. Travel Money cards are popular among New Zealanders overseas, offering the benefits of low fees, fixed exchange rates and multiple currencies. Using a travel money card - many banks and travel companies offer prepaid travel money cards - these let you make payments and withdraw cash overseas (just like an EFTPOS card would in New Zealand) as you top up the card with NZ dollars.Overseas - You can withdraw money using your debit card or credit card at a foreign ATM ( we explain the fees below).Online with delivery or collection - a growing number of foreign currency providers have opened up online - customers order the currency they need and pick it up from their closest location or have it delivered by courier for a fee.Bureau de change (Auckland, Wellington and Christchurch CBDs and at international airports) - In the main streets and malls of larger cities and international airports (inside and outside of New Zealand) you can find foreign currency exchange booths offering to convert your NZ dollars to a foreign currency.For example, few banks will stock Japanese Yen or Canadian Dollars despite advertising it. At a Bank - Most banks offer a foreign currency exchange service, but each branch may be limited in what it has in stock.Want today's exchange rates? Our currency converter has live NZD FX rates, 24/7.MasterCard offers better foreign exchange rates compared to Visa according to our research.Our guide to Travel Money Cards outlines the best buys and whether a credit card is more suitable for your needs.Both the ASB and Kiwibank will buy back foreign currency at reasonable exchange rates without a fee.Always pay in the local currency when using a card - this avoids 'Dynamic Currency Conversion' which can sting you at overseas ATMs and merchants who offer lousy conversions to the New Zealand dollar.The right credit cards consistently provide the cheapest way to spend abroad, specifically Kiwibank's offering.Most banks consistently offer very similar exchange rates at any one time, but not all will have sufficient currency in stock. ![]() Beware of fees, commissions, bad exchange rates and other tricks when using currency exchange kiosks in New Zealand and overseas.A little planning could save hundreds of dollars. Don't wait until the airport to change New Zealand dollars into foreign currency, - the rates and fees are awful.CurrencyĬopyright © 2022 All Rights Reserved by ExTravelMoney Technosol (P) Ltd. Please note that buy and sell rates would vary from the inter-bank rates shown here. All major currencies included with rates updated every 3 mins. Table shows live foreign currency exchange rates (inter-bank) in India today. Live Foreign Currency Exchange Rates in India ![]()
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