travelling overseas

When travelling overseas it is important to have a variety of ways to pay. SBS Bank can help with:

local currency for initial taxis, tips and a coffee.

Cash Passport
use the local currency with locked in exchange rates before you leave for everyday budgeted spending.

Debit Mastercard
using NZ dollars direct from your account. Good for ATM withdrawal or travel spending to be converted on the day.

Credit card
better for pre-authorisations and large unplanned spending.

Confidence while travelling starts with SBS Bank.

Need cash while overseas?

It is important to have some of the local currency. Whether it is for a taxi, a bottle of water, lunch on the run, to barter for that silk scarf or just for emergencies having some foreign cash is important.

Grab some cash before you go overseas. SBS Bank branches can order your foreign cash in most major currencies .

Note that foreign cash must be ordered into our branches upon request and may take a couple of days to arrive. You will be charged at the prevailing rate on the day of the transaction. SBS Bank accepts no liability for any losses or any transaction risks from the conversion of currencies.

Prefer to travel with a card?

SBS Bank has two great options for taking plastic when you are travelling overseas:

Debit MasterCard®

Shop with money from your bank account and have each transaction

Shop wherever Debit MasterCard® Card is accepted as you travel. That is over 32 million retailers in over 210 countries around the world. You can also access your own funds from your everyday accounts at more than 1.8 million ATMs around the world.*   

Please advise us if you're going overseas, where you'll be travelling, how long for and how we can contact you while you're away. We can’t guarantee that things will always be perfect, so we recommend our members travel with more than one method of payment, just in case.

*Overseas currency conversion charges and ATM withdrawal fees may apply

Cash Passport

Pre-load money ahead of time into multiple currencies before you go so you have the exchange rates locked in with Cash Passport

Cash Passport Platinum is a pre-loaded multi-currency card that can be usedta at thousands of locations around the world.

  • Convert your money to up to ten currencies at any time to lock in exchange rates 
  • All currencies loaded on a convenient and secure card 
  • Chip and PIN protected 
  • Acceptable anywhere Mastercard® is accepted around the world (local country/vendor identification rules may apply) 
  • No ATM fees to obtain cash abroad, unless surcharge applied by local ATM provider 
  • Reloadable with extra money anytime from mobile app or online 
  • View your card balances in each currency online

international payments

Sending money overseas is easy with SBS Bank by visiting one of our branches.

Sending money overseas

Make payments in foreign currencies to bank accounts overseas by requesting a Telegraphic Transfer (TT) at any SBS Bank branch.

In order for us to arrange your payment we need to comply with Anti-Money Laundering legislation. The amount must be paid from your SBS Bank account.

Receiving money from overseas

Get payments deposited directly into your SBS Bank bank account. A fee will be deducted from the converted amount deposited into your account. SBS Bank use Westpac as our New Zealand clearing bank.

The person sending you the money needs the following information:

Your information

  • Your full account name
  • Your full account number
  • Your physical address
  • Purpose of remittance payment

Payments are to be sent to:

Name of clearing bank       Westpac
Clearing bank address    Cnr Kelvin & Spey Streets, Invercargill

Their information

In order for us to credit your account when we receive the money we need to comply with Anti-Money Laundering legislation. Make sure the person sending the money includes:

  • Their bank account number
  • Their full name (no initials)
  • Their full street address (Residential) (PO Box numbers aren’t acceptable)

Receiving cheques from overseas

If you receive a cheque (or bank draft) in a foreign currency you can bank these funds as NZD into your SBS Bank account at any SBS Bank branch. Foreign cheques are converted upon clearance by the issuing bank which may take time depending on the bank and country involved.

Note: there are some currencies that we no longer accept cheques including: Swiss Franc (CHF) and Japanese Yen (JPY). Other currencies have minimum values for clearance. It is recommended where possible you request electronic payments rather than cheques in foreign currencies.

A copy of the current Southland Building Society (SBS Bank) Disclosure Statement along with our Term Investment Terms & Conditions and QFE Adviser Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank or on this website
© Southland Building Society, 2016