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.
use the local currency with locked in exchange rates before
you leave for everyday budgeted spending.
using NZ dollars direct from your account. Good for ATM
withdrawal or travel spending to be converted on the day.
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
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
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
1.8million ATMs around the world.*
*Overseas currency conversion charges and ATM withdrawal fees may apply
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
- 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
- Reloadable with extra money anytime from mobile app or online
- View your card balances in each currency online
Sending money overseas is easy with SBS Bank by visiting one of our
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 full account name
Your full account number
Your physical address
Purpose of remittance payment
Payments are to be sent to:
|Name of clearing bank
|Clearing bank address
|| Cnr Kelvin & Spey Streets, Invercargill
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.