Foreign Currency Account

An ASB Foreign Currency Deposit Account allows you to hold foreign currency in a New Zealand account - either on-call or as a term deposit.

Such an account is ideal for individuals or businesses who regularly make transactions or receive payments in a foreign currency. They're also useful for new immigrants or New Zealanders living overseas who may wish to hold foreign currency here in New Zealand.

Earns interest
Most foreign currencies earn interest at rates comparable with the prevailing interest rates for that currency overseas. Interest rates are tiered which means larger amounts can earn higher rates.

Saves on unnecessary conversion costs
There is no need to convert foreign currency to New Zealand dollars or back again. You can simply hold the funds in the foreign currency until you need them.

Provides flexible currency management
As on-call funds are easily accessible, it provides a convenient way to help manage your foreign exchange risk.

Easy International Money Transfers
Make an International Money Transfer directly from your Foreign Currency Account using FastNet Classic and save by making one transfer, in the right currency.

Enables easy access
You can manage your personal Foreign Currency Account conveniently via FastNet Classic, contacting ASB Financial Markets on 0800 806 280* or simply visit any ASB branch. For information on how to manage your business Foreign Currency Account please refer to the business section of this website.

• Foreign currency deposit account interest rates and fees