To guarantee compliance with customs laws, you must be aware of particular regulations for taking cash into and out of New Zealand.
This post will cover those guidelines and tackle:
- should I take cash to New Zealand?
- how much cash can I bring to New Zealand?
- how much cash can I take out of New Zealand?
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This includes if you are looking for a second opinion or alternative investments.
Some of the facts might change from the time of writing, and nothing written here is formal advice.
For updated guidance, please contact me.
Should I take cash to New Zealand?
Understanding the local payment backdrop plus your personal needs is important when traveling.
Bringing cash into New Zealand is useful for casual purchases, areas where only cash is accepted, and certain emergencies.
Nevertheless, not that the country is moving toward a cashless society as the majority of businesses and services now accept credit and debit cards.
How much cash can I bring to New Zealand?
There’s no ceiling for taking cash into New Zealand, but you will need to declare it when you get there possessing 10,000 New Zealand dollars or more, or its equivalent in another currency.
Besides cash, bearer negotiable instruments like checks and money orders are subject to this requirement.
You must fill out a Border Cash Report at customs upon entry to declare the amount.
Penalties or the seizure of funds may result from failure to declare amounts over the said threshold.
How much cash can I take out of New Zealand?
Taking cash out of NZ is unlimited, just like when you bring cash in.
However, you also have to notify officers if you are carrying 10,000 NZD or more. The disclosure helps stop illegal activities and is essential for adhering to anti-money laundering laws.
If you leave the country with more than this amount, you must submit the same Border Cash Report.
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