Where should I setup a bank account in Christchurch?

We asked expats in Christchurch what banks they use and there advice about banking. They advised...

"We switched banks, there are no major American banks represented here. We found out through an expat forum that National Bank of New Zealand would open an account for us before we arrived in New Zealand, which was extremely useful. Other banks here may do this now, but 4 years ago we couldn't find any other bank that would do this for us. I don't know of any other special services that the banks here offer that would be useful to expatriates. We change all of our currency through either an online currency trading firms (xe.com), or through a local firm we've discovered here in Christchurch," mentioned another expat when asked about moving to Christchurch, New Zealand.

"Before retiring in Christchurch, expats should know that the cost of living can be high, especially when it comes to housing and groceries. They should also be aware that healthcare in New Zealand is of a high standard, but private health insurance is recommended for more comprehensive coverage. Expats should understand that New Zealand has a temperate climate, with Christchurch experiencing cold winters and warm summers. They should also be prepared for the potential of earthquakes, as Christchurch is located in a seismic zone. Understanding the tax system is crucial, as New Zealand has a progressive tax system and retirees may still need to pay income tax on their pensions. Expats should also be aware of the visa requirements for living in New Zealand long-term. The country offers a variety of visas for retirees, but these often come with financial stipulations. It's important to note that New Zealanders are known for their friendly and welcoming nature, and Christchurch has a strong sense of community. The city offers a range of activities and amenities, from outdoor pursuits to cultural events. Finally, expats should know that English is the primary language spoken in New Zealand, but the country has a unique culture and history, with Maori traditions playing a significant role. Therefore, learning about and respecting these traditions will be an important part of integrating into the community," commented one expat who made the move to Christchurch, New Zealand.

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