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NZD – New Zealand Dollar

Overview

The payment processing of this currency is considered to be highly standardised.

Currency Guidelines

A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

All AUD (FCY) funds transfer payments to a beneficiary bank in New Zealand must contain the remitter’s account number, full name and address (including the country) in the ordering party information field.

Payments in NZD toward New Zealand

Beside the standard information, it is important to note that the IBAN format is not in use in New Zealand.

The BSB code is mandatory in order to enable the correct routing of the payment in the domestic clearing.

A BSB code (Bank State Branch) allows to identify a bank. It is a six digits code which identify the financial institution (two first digits), the State (third digit) and the branch code (last three digits).

Example of BSB code: 123113

In certain cases, the BSB code could be included within the domestic account number. Please ask your beneficiary to indicate separately the BSB code and the domestic account number.

Payments in NZD outside New Zealand

Standard information

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR/SHA/BEN

• Central bank of New Zealand: http://www.rbnz.govt.nz/