If you’ve recently arrived in New Zealand or you’re a Kiwi living overseas and you regularly make or receive payments in another currency, here’s an option that could be right for you.
With an ASB Foreign Currency Account you can hold another currency in a New Zealand account – leaving you to decide when the time is right for you to convert your money.
Please note, minimum opening balances apply.
An ASB Foreign Currency Account lets you deposit and manage your money in a New Zealand account without needing to convert it to New Zealand dollars. You’ll need an ASB transaction or savings account to open an ASB Foreign Currency Account. Minimum balance limits and minimum opening balances may also apply.
With no need to convert foreign currency to New Zealand dollars or back again, you can hold your funds until you’re ready to convert. You’ll save on unnecessary conversion costs and get to take advantage of favourable exchange rates.
As your on-call funds are easily accessible, it provides a quick and convenient way to manage your foreign exchange requirements.
Use FastNet Classic internet banking to make international money transfers directly from your ASB Foreign Currency Account. Make just one transfer, in the right currency to save on fees.
Use FastNet Classic to manage your ASB Foreign Currency Account from anywhere anytime – no matter what the time zone.
If you’re on the go, the ASB Mobile app lets you use your mobile or smartphone to check balances and transaction history and transfer funds between your accounts.
Some ASB Foreign Currency Accounts offer the potential to earn interest on on-call funds.
Interested in a term deposit? Call 0800 806 280.
See the business section of this website.
If so, log in to FastNet Classic internet banking and select Transfers to obtain a quote applicable to the amount of your foreign exchange transaction. If you are happy with the rate you can complete your transfer online.
If you need help, please call the Global Markets team on 0800 806 280 or +64 9 302 3055
|
|
Account Currency
|
Minimum Opening Balance
|
|---|---|---|
|
AUD
|
Australian Dollar
|
AUD5,000
|
|
GBP
|
British Pound
|
GBP5,000
|
|
CAD
|
Canadian Dollar
|
CAD5,000
|
|
EUR
|
Euro
|
EUR5,000
|
|
HKD
|
Hong Kong Dollar
|
HKD50,000
|
|
JPY
|
Japanese Yen
|
JPY500,000
|
|
SGD
|
Singapore Dollar
|
SGD5,000
|
|
CHF
|
Swiss Franc
|
CHF5,000
|
|
USD
|
U.S. Dollar
|
USD5,000
|
|
Foreign Currency Accounts
|
Fee
|
|---|---|
|
Deposit or Withdrawal by Foreign Cash
(Cash-Handling Fee) |
(minimum $10) |
There are no fees to transfer between your Foreign Currency Account and your NZD accounts. Service charges and foreign exchange fees apply. Please view our guide to fees.
Foreign cash deposits may be subject to a hold period.
ASB Foreign Currency Accounts may be eligible to accrue interest – please call us on 0800 806 280 for more information.
Not with ASB yet? Join online. Already a customer? Log in to FastNet Classic internet banking to open your ASB Foreign Currency Account.
Transfer money between your Foreign Currency Account and your other ASB accounts in FastNet Classic internet banking or the ASB Mobile app. You can also view balances and send International Money Transfers.
Visit any ASB branch to get notes and foreign cheques using funds in your ASB Foreign Currency Account.
You can open an ASB Foreign Currency Account in FastNet Classic internet banking. Not with ASB? Join now.
We'll help you with your foreign exchange query. Email us.
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.
Whether you’re heading overseas, or you’re in New Zealand on a visit, if you need foreign cash you’ve come to the right place.
ASB’s terms apply. Fees may change. Refer to asb.co.nz for other fees and charges.
