Foreign Currency Accounts

An ANZ Foreign Currency Account can be ideal if you make or receive payments in a foreign currency. The account provides you with the ability to reduce unnecessary conversion costs and better manage your foreign currency exchange risks.


Product information

Overview

  • No monthly account fee
  • Real time transfers between your ANZ accounts
  • Easy access to your Foreign Currency Account via ANZ goMoney, ANZ Internet Banking, ANZ Phone Banking or by visiting any ANZ branch
  • Pay money overseas directly from your ANZ Foreign Currency Account
  • Funds are held on call, meaning you can access them at anytime
  • Foreign Currency Accounts available in most major currencies (minor currencies considered on request).

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Interest rates

Foreign Currency Accounts are interest bearing although whether or not your account earns interest will be subject to current market interest rates and the balance of your account. Where payable, interest is calculated daily subject to deposit tiers and credited to your account at the end of each month. Find out about our current interest rates or contact International Customer Support on 0800 863 863.


Fees

  • No monthly account fee
  • No fee to transfer funds between your own ANZ accounts (Note standard fees and charges will apply to your NZD account).

Fees apply for the following transactions across your ANZ Foreign Currency Account:

  • Inward Payments
  • International Money Transfers
  • Foreign cheques
  • International Bank Drafts
  • Foreign Cash.

Find out more or contact International Customer Support on 0800 863 863.

Foreign Currency Term Deposits

A Foreign Currency Term Deposit is a fixed term investment held in a currency other than New Zealand Dollars (NZD).  

A Foreign Currency Term Deposit may be an ideal solution if you are holding foreign currency, do not require immediate access to your funds, and would like to ensure that a set rate of interest is paid for an agreed period.

ANZ offers Foreign Currency Term Deposits in most major currencies and may also consider minor currencies on request. To set up a Foreign Currency Term Deposit you must first have a Foreign Currency Account held in the same currency.


Product information

Available terms

Foreign Currency Term Deposits are available in terms ranging from 30 days through to 365 days.


Interest rates

Interest rates for Foreign Currency Term Deposits are agreed at the commencement of the investment and based on market interest rates at the time. Where payable, interest is calculated daily and paid at maturity. Click here for our current interest rates or contact International Customer Support on 0800 863 863.


Fees

No fees are charged for Foreign Currency Term Deposits however an adjustment to returns will apply if early repayment is required.


Minimum deposit

Minimum deposit amounts are applicable to Foreign Currency Term Deposits.

Currency Minimum deposit amount
USD $10,000
AUD $10,000
GBP £5,000
EUR €7,500
JPY ¥850,000
CAD $10,000

 


Maturity actions

Upon maturity you may reinvest the principal and/or interest in a new Foreign Currency Term Deposit, or have the funds deposited back into your Foreign Currency Account. If the Bank has not been provided with instructions, we will automatically reinvest the principal and interest into a new Foreign Currency Term Deposit for the same term at the applicable market interest rate at the time.

 

Important information

For more information, visit your nearest ANZ branch or speak to one of our Foreign Currency Account specialists by calling 0800 863 863.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product.

Our Reserve Bank disclosure statement and our Foreign Currency Account & Foreign Currency Term Deposit Terms & Conditions are available on www.anz.co.nz or on request from any ANZ branch, free of charge.

All fees are subject to change. Transaction and other fees may apply. Credit interest is not always payable on all currencies and is subject to minimum credit balances and interest rate tiers as determined by ANZ and may be altered at any time by ANZ.

i ANZ Phone Banking International Services are only available between 8.30am and 5.00pm Monday to Friday (New Zealand time) excluding New Zealand public holidays.

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