Money Transfer to and from Banks in New Zealand

Friday, August 14, 2009

A detailed comparison of banks' overseas money transfer services and charges in New Zealand. International money transfer services offered by banks are in the form of telegraphic transfers, foreign currency cheques and bankers draft. You may find more transfer options in our report covering international money transfer service providers.

note Fees and charges displayed in this report are in New Zealand Dollar.
Please read our detailed primer on money transfer to learn about hidden charges and poor rates your transfers may incur.


ASB Bank (ASB)

  • Telegraphic Transfer (TT):
    Outward $25 (Branch)
    Outward $15 - $20 (Online)
    Inward $15 ($25 to other banks)
  • Bankers Draft (BD):
    $22 (Branch)
    $17 - $20 (Online)

TTrank 3
BDrank 2

Bank of New Zealand (BNZ)

  • Telegraphic Transfer (TT):
    Outward $25
    Inward $15 ($25 to other banks)
  • International Cheque (BD): $20

TTrank 2
BDrank 2

Kiwi Bank

  • Telegraphic Transfer (TT):
    Outward $25 (Branch/Fax)
    Outward $20 (Online)
    Inward $12 (via Citibank)
  • Bankers Draft (BD): $15 (Branch/Fax)
    $20 (Branch/Fax with delivery)
    $15 (Online)

TTrank 3
BDrank 3

Westpac Bank

  • Telegraphic Transfer (TT):
    Outward $25
    Inward $10 (A/c holders)
    Inward $20 (others)
  • Bankers Draft (BD): $25

TTrank 3
BDrank 2

Learn more about SWIFT BIC and IBAN.

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