International service fees.

Fee typeFee amountper transaction
Change foreign cash into NZD$5

(only if the amount is over NZ $50)

Change NZD into foreign cash1%

of value ($10 minimum)

All international service fees are represented in NZD. Foreign cash services are only available to Westpac New Zealand Limited customers.

Telegraphic Transfer (TT) fees¹.

Fee nameFee amountFrequency
Sent by you to another bank - staff assisted2$30Per transfer
Sent by you via Westpac One or Business Online Banking2&3$5Per transfer
Sent by you via any other online banking channel2$20Per transfer
Sent by you via staff assisted to another Westpac Foreign Currency account2$15Per transfer
Sent by you - OUR charge option2

Additional fee charged by Westpac in lieu of our correspondent bank deducting a fee. Other banks may still deduct fees from your payment4

$25Per transfer
Received by a Westpac customer5&6$15Per transfer
Received by a Non-Westpac customer5&6$15Per transfer
Received by a Non-Westpac customer when transfer sent in a foreign currency5$15Per transfer
Amendment, Investigation, Trace, Verification, Cancellation$25

Overseas bank charges may also apply

Per request

Westpac Banking Corporation, NZ Branch is the provider of international payment products and services described in this table and is responsible for the provision of those products and services. 

2 Other fees and charges may apply depending on the sending, intermediary (correspondent) and/or receiving bank for all telegraphic transfers sent by you.

3 Payments to Cook Islands, Tonga, Samoa, American Samoa, Vanuatu, Kiribati, New Caledonia, French Polynesia, Papua New Guinea, Solomon Islands, Tuvalu and Fiji are $0 transfer fee via Westpac One.

4 In the event that the overseas bank fee is in excess of $25 Westpac reserves the right to pass these additional costs to you.

Other overseas bank fees and charges may apply for all telegraphic transfers received by you.

6 We do not charge fees for amounts below NZ$100.00.

Note: No fees apply to inward telegraphic transfers received directly from Westpac Australia.

Foreign currency account fees.

Fee typeFee amount
Account maintenance fee - all currenciesFree
Foreign cash deposit2%

of value (minimum $35)

Foreign cash withdrawal1%

of value (minimum $10)

Note:  All international service fees are represented in NZD.

Unarranged overdrafts
Should you become overdrawn without an arranged limit, the balance will incur debit interest at an annual rate of 5% above the applicable overnight lending interest rate charged for the relevant foreign currency. For more information please call 0800 400 600.

Things you should know.

Westpac Banking Corporation (acting through its New Zealand branch) ABN  33 007 457 141, incorporated in Australia (Westpac) is the provider of the international payment and foreign exchange products and services listed on this webpage. Westpac New Zealand Limited (company number 1763882) (WNZL) is the provider of the foreign currency accounts listed on this webpage. A copy of the terms and conditions for WNZL foreign currency accounts is available from any WNZL branch.

Any product or service made available by WNZL does not represent an offer from Westpac or any of its subsidiaries (other than WNZL). Neither Westpac nor its other subsidiaries guarantee or otherwise support the performance of WNZL in respect of any such product. WNZL is not an authorised deposit-taking institution for the purposes of Australian prudential standards.

International payments may be subject to charges by overseas banks. Westpac has no control over these charges, which can be substantial and are subject to change. Westpac is not liable for any of these charges and commissions, which are the responsibility of the account holder.

The current disclosure statements for the New Zealand division of Westpac and for WNZL can be obtained at the internet address www.westpac.co.nz.

The information on this page, terms and conditions and pricing for foreign exchange products and services are subject to change from time to time.