11 October 1999
NZ Post
NEW ZEALAND POST OFFERS EASY WAY TO SEND MONEY IN ZEALAND
New Zealand Post Money Orders are an easy way to send money to friends and family as a gift or send payments through the
post and are available at New Zealand Post Postal outlets from today.
"There are two types of Money Orders, the Money Order Certificate and the Electronic Money Order. Customers can simply
go into any New Zealand Post Postal outlet, fill out an application form and purchase a New Zealand Post Money Order up
to the value of $1000," says James Grassick, New Zealand Post Agency Services Business Manager.
Once purchased, customers will be handed back a completed Money Order Certificate or an Electronic Money Order number
and a receipt. A $3 transaction fee applies for each Money Order Certificate and a $5 fee for each Electronic Money
Order. New Zealand Post Money Orders can be redeemed at any New Zealand Post Postal outlet at no additional charge.
Subject to the terms of issue, the Money Order can be redeemed in cash, used to buy any products or services from the
New Zealand Post Postal outlet, pay bills or be deposited into a named bank account, at no extra charge.
Electronic Money Orders use a PIN number instead of a certificate and have encryption software applied to the PIN
number.
"Electronic Money Orders mean customers can send up to $1000 electronically and immediately, which is especially useful
in an emergency. For example, if a family member away from home needs money in a hurry, you select a PIN number, tell
them the Money Order number and the PIN you have chosen and the money is available instantaneously from any New Zealand
Post Postal outlet," says Mr Grassick.
The Money Order is issued in accordance with the terms and conditions set out in the Money Order brochure available at
any New Zealand Post Postal outlet. Money Orders are offered by New Zealand Post under a registered prospectus dated 15
September 1999. A copy of the prospectus is available from New Zealand Post's registered office at level 12, 7-27
Waterloo Quay, Wellington, free of charge.
The Money Orders are unsecured obligations of New Zealand Post Limited.
ENDS