We’re making changes to foreign and travellers' cheques
From 29 March 2024 we will no longer be accepting foreign cheques or travellers’ cheques. This is due to a significant drop in the number of foreign cheques and travellers’ cheques being deposited, and more customers moving to safer and more efficient ways to receive overseas payments. Read more.
Bank sales of
Fee | |||
---|---|---|---|
Foreign Currency cash | Fee | 1% NZD value. Minimum charge NZD $5.00 |
Bank purchase of
Fee | |||
---|---|---|---|
Foreign Currency cash: | Fee | ||
Deposited into TSB account | Fee | Free¹ | |
Foreign Cheques: | Fee | ||
Under NZD $5,000 (includes Travellers Cheques) | Fee | NZD $5.00 per cheque (Other bank fees may apply) | |
Over NZD $5,000 sent for collection | Fee | NZD $35.00 per cheque (Other bank fees may apply) | |
Dishonoured foreign currency cheques | Fee | NZD $25.00 Foreign cheques purchased back at current exchange rate (Other bank fees may apply) |
Telegraphic Transfers
Fee | |||
---|---|---|---|
Outward telegraphic transfers | Fee | NZD $25.00 (Other bank fees may apply) | |
Telegraphic transfer investigation fee | Fee | NZD $25.00 (Outbound only - Other bank fees may apply) |
Foreign currency account
Fee | |||
---|---|---|---|
Establishment Fee | Fee | Free | |
Maintenance Fee | Fee | Free | |
Deposits: | Fee | ||
From a TSB account | Fee | Free¹ | |
Foreign Cheques | Fee | 0.2% Foreign value. Minimum charge NZD $35.00 (Other bank fees may apply) | |
Foreign Cash | Fee | 1% of NZD value. Minimum charge of NZD $5.00 fee | |
Inward telegraphic transfer | Fee | NZ $10.00 equivalent in the currency of the account (Other bank fees may apply) | |
Withdrawals: | Fee | ||
To a TSB account | Fee | Free¹ | |
Telegraphic transfer | Fee | NZD $25.00 (Other bank fees may apply) | |
Foreign Cash | Fee | 1% of NZD value. Minimum charge of NZD $5.00 fee |
Don’t forget to read this bit
1. Exchange rates apply.
Other banks or third parties (overseas or in New Zealand) may also charge or deduct commission, fees or other charges for any services or transactions specified above. Such charges or costs are your responsibility and will be deducted from the currency transaction amount.
Any currency conversion will be made using TSB’s prevailing rate of exchange (which includes a currency conversion commission) for that currency. Additional commissions on bank selling rates and cash handling fees apply.
TSB accepts no liability for losses suffered or claims made by you or any third party as a result of us converting currencies, and any transaction exchange risks from the conversion of currencies are your responsibility.
TSB accepts no liability for losses suffered or claims made by you or any third party as a result of any delays, non-receipt or misapplication of any foreign currency transactions or services.
Fees are subject to change. Foreign Exchange services are only available to TSB customers.