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Foreign cheques

Also known as foreign currency drafts and bank drafts, foreign cheques are a way to physically receive money from overseas.

Changes to Foreign Currency cheques

Australian dollar cheques

From 15 November 2023, ASB will no longer accept Australian dollar cheques.

All currency cheques

From 31 March 2024, ASB will no longer accept any foreign currency cheques.

If you have any foreign currency cheques that you haven't yet deposited, please make sure you do this before these cut off dates.

Receiving future international payments

Alternative payment methods

If you regularly receive foreign currency cheques, or receive a cheque after these dates, you’ll need to contact the cheque issuer and arrange to receive your overseas payments electronically, with an international money transfer. This is a faster, more secure way to receive international payments. You can see what details you’ll need to provide the sender of funds here.

ASB’s fee for processing an international electronic funds transfer to your account is $15.00 (waived for amounts of $100 or less and for credits to foreign currency accounts).

Share or dividend cheques

If you receive share or dividend payments via foreign currency cheque, please get in touch with your share registry to discuss alternative options. These could include direct credit to a New Zealand bank account, direct credit to a foreign bank account outside of New Zealand, or dividend reinvestment.

Please note, overseas share registries may not recognise New Zealand domiciled Foreign Currency Accounts as a valid account type for dividend payment purposes.

Overseas pension cheques

If you currently receive your pension payment by cheque in a foreign currency, please get in touch with the overseas government department or pension scheme company issuing the payment to discuss alternative options.

Overseas government tax cheques

For overseas government tax payments, please contact your tax adviser to determine the best alternative payment option for you.

Calculator

Popular foreign exchange rates

You Receive
You Send
AUD

Australian Dollar

GBP

British Pound

EUR

Euro

JPY

Japanese Yen

USD

U.S. Dollar

Exchange rates shown current as at .

See all ASB foreign exchange rates

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ASB’s terms apply. Fees may change. Refer to asb.co.nz for other fees and charges. 

Foreign exchange Foreign cheques