ASB Foreign Currency Accounts
Operating a Foreign Currency Account is easy. See our guide on managing foreign currency. Log in to FastNet Classic internet banking to open one, and start transacting.
From 15 November 2023, ASB will no longer accept Australian dollar cheques.
From 31 March 2024, ASB will no longer accept any foreign currency cheques.
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).
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.
For overseas government tax payments, please contact your tax adviser to determine the best alternative payment option for you.
You can deposit foreign cheques into your ASB account. Funds will not be available until a hold period has passed (about 21 business days). If it's important to access the money more quickly, consider requesting payment by international money transfer instead.
Note: ASB does not sell foreign cheques.
ASB Buys Cheques
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ASB Buys Int'l Transfer
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ASB Sells Int'l Transfer
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AUD
Australian Dollar |
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GBP
British Pound |
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EUR
Euro |
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JPY
Japanese Yen |
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USD
U.S. Dollar |
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Exchange rates shown current as at .
Staff-assisted
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FastNet Classic
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Foreign cheques - stop payment fee
Other banks' charges may apply |
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Fee
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Foreign cheques - clean negotiated
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Foreign cheques - sent on collection
Other banks' charges may apply |
(plus courier fee) |
Foreign cheques - clean negotiated dishonour fee
Other banks' charges may apply |
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Use our calculator to find out what your foreign currency cheque or draft is worth in NZD.
Operating a Foreign Currency Account is easy. See our guide on managing foreign currency. Log in to FastNet Classic internet banking to open one, and start transacting.
No matter where in the world you are, you can quickly and securely do a range of foreign exchange transactions anytime with FastNet Classic internet banking and the ASB Mobile app.
ASB’s terms apply. Fees may change. Refer to asb.co.nz for other fees and charges.