Sending Old NZ Currency to the Reserve Bank of New Zealand
I have $600 NZD in old paper banknotes that I would like to send to the Reserve Bank of New Zealand in exchange for its value in AUD. I’ve found that I can complete this process through this link. However, I’ve hit a snag: Australia Post classifies money as a prohibited item and won’t send it overseas.
I could take the risk of placing the notes in an envelope along with the required paperwork for the RBNZ without disclosing the contents to Australia Post. However, I’m concerned about customs regulations in both Australia and New Zealand. I’ve attempted to convert the cash at local banks, but none will accept the older paper notes.
Does anyone know of any postal services that will ship this amount internationally or offer any advice on overseas postage for this situation?
Sending cash, especially in the form of old bank notes, can be tricky due to regulations and potential issues with customs. Here are a few options and considerations you might explore:
Bank Transfer Options: If you have a bank account that allows for international transfers, consider converting the old notes to a bank deposit instead. You could contact a bank in New Zealand to see if they have a process for handling old currency directly, as they might be able to facilitate the conversion for you more easily than sending the cash.
Currency Exchange Services: Some currency exchange services specialize in old or collectible banknotes. You might research local services that operate internationally and may accept your old NZD notes.
Postal Services: While Australia Post classifies sending cash as a prohibited item, you might look for private courier services that specialize in financial documents or collectibles. Ensure they have the proper insurance and are aware of the contents for safe handling.
Sending without Declaration: As tempting as it might be to send cash without declaring it, this approach is risky. If customs inspects the envelope, you could face potential legal issues or loss of funds. It’s generally advisable to follow legal protocols.
Consulting with Customs or a Professional: You could reach out to customs agencies in both Australia and New Zealand for advice on sending old currency. They might offer insight into proper declarations or any exemptions that could apply.
Ultimately, while the resolution may require a bit more patience and effort, it’s important to explore compliant options to ensure the security of your money. Good luck!