Foreign exchange rates & fees

Monthly account maintenance fees

Free for foreign currency accounts.

International bank draft stop fee

When you ask us to stop an international bank draft.

NZD15 per stop.

Inward international payment fee (into your foreign currency account)

When you receive an international payment from an overseas bank account into your foreign currency account.

NZD12 equivalent per transfer.

Outward international payment fee – international direct credits and international money transfers

When you send an international payment to an overseas bank account from your NZD account or your foreign currency account.

• NZD10 equivalent when done by internet banking with charges SHA¹.
• NZD20 equivalent when done by internet banking with charges OUR².
• NZD25 equivalent when done person to person at your nearest Kiwibank branch or by email with charges SHA¹.
• NZD35 equivalent when done person to person at your nearest Kiwibank or by email with charges OUR².

When you send an international direct credit³ to an overseas bank account from your NZD account or your foreign currency account:

• NZD20 equivalent when done by internet banking.
• NZD25 equivalent when done person to person at your nearest Kiwibank branch or by email.

¹ SHA fees are shared between the sender and beneficiary of the payment: overseas bank fees will be deducted from the payment. This will mean the beneficiary receives less than you have sent.

² OUR fees are paid by the sender of the payment. You will pay an additional fee, which will be added to your payment fee to cover overseas bank fees. By choosing this option, the full amount you send should reach the beneficiary, however, this is not within Kiwibank’s control and there may be additional fees charged to the beneficiary.

³ Direct credits are only available in Great British pounds and Australian dollars.

Inward international payment fee (into your NZD account)

When you receive an international payment from an overseas bank account into your NZD account.

NZD12 transfer.

If the overseas bank sends the payment via another New Zealand bank, then that bank’s fee will apply.

Other banks involved in processing the transfer may deduct fees from the amount transferred. These fees vary from bank to bank.

Outward international payment investigation/ amendment/ cancellation fee

When you ask for an investigation in respect of an international payment, or ask for the amendment or cancellation of an international payment.

NZD25 per investigation, amendment or cancellation.

Other banks involved in the amendment or cancellation may charge fees. These fees vary from bank to bank. We’ll pass these fees onto you.

Transfers (for electronic transfers between your Kiwibank foreign currency accounts and NZD accounts)

Free.

You should note that free transfers are only between Kiwibank accounts that are in the same name.