If I send money internationally, can I keep the currency sent in New Zealand dollars?
Last Updated: 10 Jul 2024
Sending money internationally often involves more than one bank, meaning we can't guarantee that they won't convert the payment into another currency. However, to reduce the possibility of this happening, you can do the following:
- On the Beneficiary Account Holder Details screen, look for the field described as Beneficiary Account Holder Statement.
- In Beneficiary Account Holder Statement, type the text 'Do not convert'.
ASB will then provide instructions for other banks to not convert the money into another currency. Please note that after ASB’s instructions are sent, conversion of these funds is outside of ASB's control.
Please refer to our Foreign Exchange Terms and Conditions.
Did this answer your question?
Related Answers
-
You can only share payees from the All Payee group to add to other library groups. To do this: Go ...
-
Although we're showing you all of your notifications in the ASB Mobile Banking app, you can dismiss them at any ...
-
No, once a term deposit or ASB Term Fund account is set up you won’t be able to add more ...
-
Any foreign dividends received by ASB Securities will be credited to your Foreign Currency Account (FCA) account in the currency ...
-
To remove the hold on your Fastcash card visit your nearest ASB branch.
-
To authorise a payment that requires two signatories, use the process below. If the account requires one signatory, then only ...
-
Exchange Traded Funds (ETFs) are investment funds that trade much like shares. An ETF can hold assets such as shares, ...
-
If you are linked to a Company/Trust, you are allowed to manage its facilities. If you are unable to view ...
-
There are a number of different types of orders and instructions. The main ones are market orders and limit orders. ...
-
Need some help deciding if investing is right for you? Check out our tools below or get in touch with ...
-
Your verbal or spoken password can be changed at any one of our ASB branches. You will need to provide ...