Export collections

If you're sending goods to a buyer, you can ask us to send documents proving that you've shipped the goods to the buyer's bank, and ask the buyer's bank to collect payment for you.

Key features & benefits

  • You can be more confident that you'll be paid for the goods you're sending.

  • Your buyer will know that the goods are on their way to the correct port.

  • Lower cost than an export letter of credit.

  • You retain control over shipping documents until you receive payment, or a promise of payment.

Talk to us

How it works

  • Documents

    You pass us shipping documents proving that you’ve shipped the goods. We forward these documents, along with your payment instructions, to the buyer’s bank overseas. These documents are only released to the buyer when your payment terms and conditions are met.

  • At the buyer's end

    The shipping documents are only released to the buyer when your payment terms and conditions are met. You can specify you want payment “at sight” which is immediately, or “term” which is when you agree to take payment at a specified later date. Once you’ve released the shipping documents to the buyer, they can then use them to collect their goods from the port.

Talk to us

To find out more about export collections and for pricing information, get in touch with our business banking team.

Talk to a business banking specialist

Complete our online form and one of business banking specialists will get back to you within one to three working days.

Find a business banking

Call us

Call our business banking team on 0800 222 490, or +64 4 803 1646 if you’re calling from overseas.

Mon – Fri: 8am – 5pm.