Whether you're home or away, you can use FastNet Classic internet banking to do a wide range of foreign exchange transactions, quickly and securely, at a time that suits you. Use FastNet Classic internet banking and you'll pay lower fees when ordering or sending foreign exchange.
An international money transfer - sometimes known as a wire or telegraphic transfer - is the easiest, quickest and most secure way to send money overseas.
Rather than having to visit a branch, you can now do all your international transfers in FastNet Classic internet banking and save $15 per transaction on fees.
Depending on which country you are sending money to, you will need to supply a number of specific details to ensure the transfer reaches the right recipient. This handy checklist details the requirements for many countries around the world.
For added security, international money transfers via FastNet Classic internet banking require an individual Netcode to be input to complete the transaction. Netcode is available either by text message to your mobile phone, or by using a special electronic Netcode token available from the bank. Alternatively, you can visit any ASB branch to complete your transfer.
If you're an ASB Foreign Currency Account user, you'll appreciate the extra flexibility you get in managing many functions online with FastNet Classic internet banking and the ASB mobile app. You can view the latest foreign exchange rates, check balances and even transfer funds between your foreign currency and NZD accounts, wherever you are and whenever suits you.
Ordering foreign cash in FastNet Classic internet banking saves you the hassle of going into a branch and then finding that the currency you want isn't readily available. Simply log in to FastNet Classic internet banking, go to the Buy Notes section of Foreign Exchange and order whatever you need. Then pick up your foreign cash from the branch you've chosen three days later.
A foreign cheque is a more traditional way of transferring money overseas (it's also known as an international bank draft).
The foreign cheque is addressed to a recipient - just like you would with a bank cheque. You can then mail it, or present it personally if you plan to travel with it.
The process of using foreign cheques is much slower than using an international money transfer. As well as the time it takes to reach the recipient and be presented to their bank, a foreign cheque can then take several days (or even weeks) to clear (depending on the depositing banks policies). Because of this, an international money transfer is often the preferred option for instant payments or payments required in a short period of time, especially as funds are received as cleared and available immediately.
You can purchase foreign cheques in a variety of currencies at any ASB branch. If you order through FastNet Classic internet banking you can pick up your cheque from the branch of your choice three days later. Plus, you'll save $5 on fees when you order online.