Why a foreign currency account?

  • Make and receive payments in a foreign currency.

  • Move money in and out whenever exchange rates work for you.

How it works

  • You can transfer money to your other Kiwibank accounts in the same name, or use your account to make payments to accounts anywhere else in the world by international money transfer or bank draft.
  • There’s no monthly account fee
  • No card access.
  • Anyone anywhere in the world can use your account number to pay you.
  • You can have as many accounts, in as many currencies, as you want.
  • No interest on these accounts

Accounts are available in the following currencies
  • Australian Dollars
  • Canadian Dollars
  • Danish Krone
  • Euros
  • Great Britain Pounds
  • Hong Kong Dollars
  • Japanese Yen
  • Norwegian Krone
  • Singapore Dollars
  • South African Rand
  • Swedish Krona
  • Swiss Francs
  • United States Dollars

To open a foreign currency account, you’ll need

Using your foreign currency account

Deposit a bank draft or foreign cheque

To deposit a cheque or bank draft, download and complete a foreign currency account deposit form (PDF 60.4 KB) and send it with your foreign cheques or drafts to:

Kiwibank, Level 1, NZ Post House, 7 Waterloo Quay, Wellington, New Zealand. Attention: International Services Team

Kiwibank takes no responsibility for your deposit until it has been signed for at this address. We recommend you use a courier service to track your delivery.

Transfer funds to your Kiwibank NZ dollar account

Log into internet banking and go to 'pay and transfer'.

Make an international money transfer or arrange a bank draft

Log into internet banking, go to 'Settings', followed by 'Services', then 'International payments'. You can also pop into your your local Kiwibank.

You can’t deposit foreign cash directly into your foreign currency account.

What it costs

There are no monthly account fees associated with these accounts


Download Kiwibank’s Disclosure Statement (PDF 331.0 KB) or pick up a copy at your local Kiwibank.