Foreign Exchange Fees

Bank sales of

Foreign Currency Cash

1% NZD value 
Minimum charge NZD $5.00

Bank purchase of

Foreign Currency Cash:

    
Deposited into TSB account

Free
Foreign Cheques:

  
Under NZD $5,000 (includes Travellers Cheques)

NZD $5.00 per cheque
(Other bank fees may apply¹)
Over NZD $5,000 sent for collection

NZD $35.00² per cheque
(Other bank fees may apply¹)
Cheque sent for collection

NZD $35.00² per cheque
(Other bank fees may apply¹)
Dishonoured Foreign Currency Cheques

NZD $25.00
Foreign cheques purchased back at current exchange rate
(Other bank fees may apply¹)

Telegraphic Transfers

Outward Telegraphic Transfers

NZD $25.00
(Other bank fees may apply¹)
Telegraphic Transfer Investigation Fee

NZD $25.00 – Outbound only
(Other bank fees may apply¹)
Inward Telegraphic Transfers

NZD $25.00²
(Charged by the NZ receiving bank, not TSB. Other bank fees may apply¹)

Foreign Currency Account (conditions apply)²

Establishment Fee

Free
Maintenance Fee

NZ $10.00 per month per account
(Debited from your nominated TSB account)
Deposits:

  
From a TSB Account

Free
Foreign Cheques

0.2% Foreign value
Minimum charge NZD $35.00
(Other bank fees may apply¹)
Foreign Cash

1% of value
Minimum charge of NZD $5.00
Inward Telegraphic Transfer

NZ $10.00 equivalent in the currency of the account
(Other bank fees may apply¹)
Withdrawals:

  
To a TSB Account

Free
Telegraphic Transfer

NZD $25.00
(Other bank fees may apply¹)
Foreign Cash

1% of value
Minimum charge of NZD $5.00
  • Terms and Conditions

    Effective 30 November 2020

    ¹Other banks or third parties may also charge or deduct commission, fees or other charges for any services or currency transactions specified herein. Such charges or costs are the customer’s responsibility and will be deducted from the currency transaction amount.

    ²TSB Terms and Conditions apply. Any currency conversion shall be made using TSB Foreign Exchange’s prevailing rate of exchange (which includes a currency conversion commission) for that currency. TSB accepts no liability for losses suffered as a result of it converting currencies, and any transaction exchange risks from the conversion of currencies are the responsibility of the customer.

    TSB accepts no liability for any losses suffered of claims made by any party whatsoever as a result of any delays, non-receipt or misapplication of any foreign currency transactions or services specified herein. Additional commissions on the bank selling rates and cash handling fees apply.