Foreign Currency Accounts

The National Bank's range of foreign currency account services includes:

• Foreign Currency Transaction Accounts. Simple, convenient solutions to managing foreign currency receipts and payments.
• Foreign Currency Investment Accounts. Competitive interest rates, where payable, and an incentive to save - with the convenience of keeping your savings funds in a foreign currency.
• Foreign Currency Term Deposits. Competitive fixed foreign currency interest rates, where payable, for a known term.

For more information on our foreign currency services including fees and charges and terms and conditions, and Crown Guarantees Supplement until it expires on 12 October 2010, talk to your nearest National Bank branch or contact one of our Foreign Currency Account specialists via e-mail or by calling 0800 477 444 option 2. A current Disclosure Statement published by The National Bank is available by calling 0800 18 18 18.

Foreign Currency Transaction Accounts

A Foreign Currency Transaction Account is held in the foreign currency you specify, but at The National Bank in New Zealand for easy access.

It makes managing your foreign currency requirements simpler.

• You can credit funds to your Foreign Currency Account from both overseas and New Zealand to manage exchange rate risks - it's good if you're heading overseas or saving for when you get back.
• Foreign currency can be bought at a known exchange rate and held until you need it
• Can be used to settle international transactions arranged through The National Bank (e.g. transfers and drafts)
• Standard payment fees apply for international transactions (i.e. inward and outward IMT's, drafts, and other international transactions)
• Interest, where payable, is paid on your entire balance, at the equivalent of NZ$5,000 and above. Interest earned will be subject to New Zealand tax
• Tiered interest rates: higher balances may earn a high rate of interest
• Interest, where payable, is calculated daily and paid on the first business day of the next month
• No minimum balance
• Available in many currencies
• Operate as many accounts as you need
• Easily accessible through any branch

For more information on our foreign currency services including fees and charges and terms and conditions, and Crown Guarantees Supplement until it expires on 12 October 2010, talk to your Relationship Manager or contact one of our Foreign Currency Account specialists via e-mail or by calling 0800 477 444 option 2. A current Disclosure Statement published by The National Bank is available by calling 0800 18 18 18.

Credit Interest is not always payable on all currencies or on all amounts - please call on 0800 477 444 to confirm interest rates available.

Foreign Currency Investment Accounts

A National Bank Foreign Currency Investment Account helps you save for a significant expense or purchase while earning interest, where payable.

• One free withdrawal per month
• Second and subsequent withdrawals in a month incur a NZ$5 equivalent charge
• Interest, where payable, is paid on your entire balance, at the equivalent of NZ$5,000 and above. Interest earned will be subject to New Zealand tax
• Tiered interest rates, where interest is payable, that are higher than those offered on the Foreign Currency Transaction Account on any given day
• Interest, where payable, is calculated daily and paid on the first business day of the next month
• No minimum balance
• Standard payment fees apply for international transactions (i.e. inward and outward IMT's, drafts, and other international transactions)
• Interest Statement available
• Available in many currencies
• Operate as many accounts as you need
• Easily accessible through any branch.

Credit Interest is not always payable on all currencies or on all amounts - please call on 0800 477 444 to confirm interest rates available.

For more information on our foreign currency services including fees and charges and terms and conditions, and Crown Guarantees Supplement until it expires on 12 October 2010, talk to your nearest National Bank branch or contact one of our Foreign Currency Account specialists via e-mail or by calling 0800 477 444 option 2. A current Disclosure Statement published by The National Bank is available by calling 0800 18 18 18.

Foreign Currency Term Deposits

A National Bank Foreign Currency Term Deposit lets you earn competitive interest, where payable, on surplus foreign currency funds without the costs or exchange rate risk involved in converting them into New Zealand dollars.

• Terms start from 30 days
• Minimum deposit NZ$5,000 equivalent*
• Competitive tiered interest rates, where available. Interest earned will be subject to New Zealand tax
• The agreed interest rate is locked in for the term of the investment
• No account maintenance or activity fees 
• Standard payment fees apply for international transactions (i.e. inward and outward IMT's, drafts, and other international transactions)
• Choices at the end of the term to reinvest or withdraw all or some of the funds
• Easily accessible through any National Bank branch

* The balance of your Foreign Currency Term Deposit must not fall below the NZ$5,000 equivalent.

Credit Interest is not always payable on all currencies or on all amounts - please call on 0800 477 444 to confirm interest rates available

For more information on our foreign currency services including fees and charges and terms and conditions, and Crown Guarantees Supplement until it expires on 12 October 2010, talk to your nearest National Bank branch or contact one of our Foreign Currency Account specialists via e-mail or by calling 0800 477 444 option 2. A current Disclosure Statement published by
The National Bank is available by calling 0800 18 18 18.