Foreign 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 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.

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.