< Back What is the local currency? What denominations does it come in? What is the best way to exchange currency? What are commonly-used forms of payment for everyday purchases (such as groceries)? Will I be able to use my credit card around town? If not, list when I’ll need cash. By what method are bills (such as rent and utilities) paid? What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? Will foreign residents be able to find banking services in their native languages? Are there any restrictions on services for those who are new to your country? What are typical banking hours? Are automatic teller machines (ATMs) available around the clock? Is there any other money information that might help me? What is the local currency? Local currency is the U.S. dollar ($), which can be divided into 100 cents. ↑ Top What denominations does it come in? Coins (cents) come in denominations of one (penny), five (nickel), 10 (dime), 25 (quarter) 50 (half dollar) and 100 (silver dollar); the last two are rarely used. Bills (dollars) come in $1, $2 (rare), $5, $10, $20, $50 and $100. ↑ Top What is the best way to exchange currency? Typically, banks offer the best exchange rates, so it's best to do this at a bank or visit a currency converter such as Thomas Cook. Note that airport currency exchange companies typically have more expensive rates. ↑ Top What are commonly-used forms of payment for everyday purchases (such as groceries)? The most commonly used forms of payment are: cash, personal checks, credit cards and ATM or debit cards. ↑ Top Will I be able to use my credit card around town? If not, list when I’ll need cash. Major credit cards are very popular, as are debit cards. Since you can never be too sure which places will accept these (though many do), be sure to carry at least a small amount of cash at all times. ↑ Top By what method are bills (such as rent and utilities) paid? Pre-authorized or 'direct debit' withdrawals are an efficient way to pay for your gas, water and electricity bills. The various utility companies can help you with the arrangements. Also, many bills can be paid on line via agency Web sites, or by cheque mailed to the appropriate company. ↑ Top What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? Requirements for opening a bank account vary depending on the bank. In most cases, you will need a Social Security number, driver's license or state -issued ID, proof of permanent address and a specified amount to make your first deposit. Banking arrangements should be made as soon as possible. Bank of Hawaii currently allows legal residents to open an account without a Social Security card. Please contact them to verify policy changes. ↑ Top Will foreign residents be able to find banking services in their native languages? Most banking services are conducted in English, however, some international banks have ATMs and account executives equipped to offer services in other languages (i.e. some Asian languages). ↑ Top Are there any restrictions on services for those who are new to your country? In most cases, those new to the area will not have established credit history making it difficult to obtain a mortgage, buy a car or accomplish similar tasks. Some options to assist you in establishing a credit history include: applying for a line of credit at your local bank, applying for a store credit card, or checking with your bank to see if you qualify for their credit cards. ↑ Top What are typical banking hours? Typical banking hours are Monday to Friday, 9 a.m., to 6 p.m., and Saturdays 9 a.m., to 2 p.m. Check with your bank to find out their specific hours and to see if they have off-site facilities open on Sundays and evenings. ↑ Top Are automatic teller machines (ATMs) available around the clock? Yes, ATMs are available. ↑ Top Is there any other money information that might help me? When possible try to make transactions using your bank's ATM machine. Most banks charge you a fee to use the ATM if you are NOT an account holder. The fees can vary between $1 and $4. You'll be warned of this at the start of every transaction and given the option to accept or decline. ↑ Top IMPORTANT NOTE: Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.