A few things to note:
- Overseas banks may require an IBAN, ABA number, Sort Code or a BSB from you. New Zealand does not use any of these. The bank address and/or SWIFT code above should be sufficient to send the payment.
- IBANs (only used in Europe) are similar to your full account number and are not used in New Zealand. However if an IBAN is required, the IBAN field can be loaded as BNZ 02-1000-xxxxxx-xxxx.
- The New Zealand equivalent of an ABA/Sort Code/BSB is LCC (Local Clearing Code), which is the beneficiary bank and branch number. Local Clearing Codes aren’t required if the payment is NOT in New Zealand Dollars, however, if the overseas bank is insistent, BNZ's LCC code for Foreign Currency accounts is 021000.
- Other banks or third parties may charge or deduct commission, fees or other transfer charges in addition to the fee charged when the payment is sent. Any charges will be deducted from the amount received and will be your responsibility.
If the overseas bank has trouble with these instructions, please advise them to contact their bank’s international department for further clarification. The overseas bank can also email us direct on fxenquiries@tsb.co.nz and we can resolve directly with them in ‘Bank Speak’.
Looking for information on transferring money to your TSB account? Find out more here.
