International Payments
Sending and receiving funds around the world.
Our services include:
International Money Transfers (Telegraphic Transfers)
International Money Transfer is a fast, secure and convenient electronic payment method.
- Global - accepted in a comprehensive range of destinations and in many currencies
- Secure - transfers are made via an authenticated electronic network
- Timely - payments may be made up until the day they are due for same day receipt
(in most cases) to the payee
- International Money Transfers can be made direct to a specified bank
- They can be initiated from any branch or Online
To initiate an International Money Transfer you can either do this online through Online Banking or complete the
Application Form and take it in to your branch. Our branch staff can help
you complete the form. A Fax Indemnity is required before we can accept instructions
by fax. For more information, including fees & charges and terms & conditions,
talk to your nearest branch of The National Bank.
International Bank Drafts
Bank drafts are international cheques drawn on overseas banks in favour of specified
payees. They are a time-honoured simple method of making foreign payments still
favoured by many customers.
- Available in many currencies including NZD
- Ideal for lower value payments as it provides a lower cost method of sending funds
overseas
- Order from branch
To order an International Bank Draft or for more information including
fees & charges and terms & conditions, visit any branch of
The National Bank.
International Receipts/Inward Payments
The National Bank provides a range of services to assist you when
receiving payments from overseas or in a foreign currency. We can assist
you in determining the best way to handle these receipts and provide the services
to clear them to your National Bank accounts.
- Electronic transfer is the option we generally recommend. It gives access to the
funds faster than other payment methods. Proceeds can be converted into New Zealand
dollars and paid into your domestic
Current Account or kept in the foreign currency and paid into your
Foreign Currency Call Account. Fees may apply.
- Foreign cheques are still a common way to receive funds from overseas. These cheques
usually need to be returned to the country of origin for clearing, which can mean
delays in gaining access to the funds. In some situations the funds can be made
available more quickly. Fees may apply.
Receiving money from overseas
If you’re receiving an international money transfer into your National Bank account,
there are some details that you need to provide the person or bank sending the money.
These details are used by by the bank that is sending the money.
More Information
For more information including fees & charges and terms & conditions on
International Receipts/Inward Payments, talk to your nearest branch of
The National Bank or contact one of our International Customer Support Specialists
via e-mail or by calling
0800 863 863 option 3.