Foreign exchange fees
International payments (IMT and INP)
Sending payment
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Staff-assisted
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FastNet Classic
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|---|---|---|
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International money transfer
Other banks' charges may apply |
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International money transfer trace/amendment/cancellation
Other banks' charges may apply |
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Other bank fees
The Other Bank Fee is charged when you choose the "Sender to Pay" option. This fee covers charges from other banks (also known as correspondent, intermediary and beneficiary banks) involved in the payment. This fee will be charged to your ASB account the business day after the payment is sent. Please note, while ASB will send your payment with instructions for the sender to cover all fees and charges, due to the steps involved in the international payment ecosystem, it is possible that the recipient may still have fees deducted from the amount that they receive.
If the debit account is a Foreign Currency Account, the fee will be converted to the currency of the debit account at the applicable foreign exchange rate at the time the fee is processed.
Alternatively, you can choose the "Recipient to Pay" option. In this case, you will not be charged an Other Bank Fee, but there will likely be fees deducted from the amount that your recipient receives.
Other bank fees
Staff Assisted, FastNet Classic, FastNet Business
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Currency of IMT
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Other bank fee (NZD)
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|---|---|
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USD
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$5.00
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AUD to CBA Account
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$7.50
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AED, CAD, CNY, FJD, INR, NOK, PHP, SEK, TOP, WST, ZAR
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$10.00
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AUD to non-CBA Account, CHF, DKK, EUR, GBP, PGK, THB
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$20.00
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HKD, JPY, NZD, SGD, VUV, XPF
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$25.00
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Receiving payment
Payment received directly by ASB
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Fee
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|---|---|
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Payment settled to NZD account at ASB
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(fee waived for payments of NZ$100 or less) |
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Payment to other bank account, settled in NZD
Other banks' charges may apply |
(fee waived for payments of NZ$100 or less) |
ASB Foreign Currency Accounts
Foreign Currency Accounts
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 Currency Accounts can earn interest on end-of-day credit balances that meet or exceed the below thresholds. Other currencies may be available. Please call us on 0800 806 280 for more information.
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Account Currency
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Minimum Opening Balance
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Credit Interest Threshold
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Credit Interest Rate
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|---|---|---|---|
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AUD
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Australian Dollar AUD5,000
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AUD10,000
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2.25%
|
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GBP
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British Pound GBP5,000
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GBP5,000
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1.75%
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|
CAD
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Canadian Dollar CAD5,000
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CAD20,000
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0.25%
|
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EUR
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Euro EUR5,000
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EUR10,000
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0.25%
|
|
HKD
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Hong Kong Dollar HKD50,000
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HKD100,000
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2.25%
|
|
JPY
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Japanese Yen JPY500,000
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JPY1,000,000
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0.00%
|
|
SGD
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Singapore Dollar SGD5,000
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SGD20,000
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0.00%
|
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CHF
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Swiss Franc CHF5,000
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CHF20,000
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0.00%
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USD
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U.S. Dollar USD5,000
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USD10,000
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1.50%
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Interest Rates effective from 18 June 2026.
Manage your foreign exchange now
Do it online
Manage your foreign currency through FastNet Classic internet banking or the ASB Mobile Banking app.
Call us from overseas
You can call us during New Zealand business hours (international toll charges apply).
ASB’s terms apply. Fees may change. Refer to asb.co.nz for other fees and charges.