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
- Australian Dollars
- Canadian Dollars
- Danish Krone
- 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
- a Kiwibank transaction or savings account in New Zealand dollars, like a Business Edge or Business Performer Call account
- a minimum opening deposit of $500.
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
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