From 2 July 2021, you will no longer be able to buy and sell foreign notes at ASB, either in branches or online.
ASB offers a range of alternatives and suggestions to help with your travel money needs:
You also have the option to:
More customers are enjoying the simplicity, convenience and security of ASB Debit and Credit cards when travelling overseas. Alongside this trend, the reduction in international travel due to the COVID-19 pandemic means demand for foreign notes has substantially declined at ASB. With the readily available alternative payment solutions ASB offers, our customers have a range of payment options when travelling.
ASB will discontinue sales and purchase of foreign note services from 2 July 2021.
When using your Visa Credit or Debit Card in a currency other than New Zealand dollars an Offshore Service Margin of 2.10% of the converted New Zealand dollar amount of the transaction will be charged to your card account.
An Offshore Service Margin of 1.10% is charged on the converted New Zealand dollar amount of each cash transaction if you use your ASB Fastcash Card.
Overseas banks’ ATM fees may also apply.
For more information, please refer to ASB Guide to Fees page.
No - you will no longer be able to deposit or withdraw foreign notes through your ASB Foreign Currency Account. However, you will still be able to send and receive international money transfers, convert funds across your accounts, and deposit foreign cheques.
Yes - there is no change to this service, and you can still deposit foreign cheques to your New Zealand Dollar or foreign currency account.
You can use your ASB Fastcash Card, ASB Visa Debit card or ASB Visa Credit card to pay in various ways when you're travelling. Your Fastcash card can be used in ATMs that display the Plus logo and your debit/credit cards can be used anywhere Visa is accepted, or to withdraw cash from an overseas ATM.
You can convert foreign notes to New Zealand Dollars at a specialist foreign currency exchange provider.
With ASB Card Control you call the shots from your mobile phone. Put a temporary lock on your card, set a spending limit, turn on/off ATM cash withdrawals and much more. The great thing is, everything happens instantly.