How can I keep costs down when I’m converting my money to another currency?

Last Updated: 21 Jun 2016

One way you might help keep costs down is opening a Foreign Currency Account. It allows you to hold foreign currency in a New Zealand account, either on-call or as a term deposit. 

If you use ASB internet banking, you can then move money between this account and your ASB account in NZD, when you decide the exchange rate suits you best.

This account could be ideal if:

  • You receive and make payments in a foreign currency often
  • You’re a new immigrant to New Zealand
  • You’re a New Zealander living and working overseas

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