We offer simple payment solutions for you to settle accounts with your overseas trading partners. To transfer money - use Telegraphic Transfers (now available online). For a cheaper alternative, when there is not as much urgency - use international bank drafts.
This is an electronic payment that can be credited directly to the recipient's bank account quickly. Funds are usually available within 1-3 working days. **
The payment is well-protected and the funds are traceable should the overseas recipient claim they didn’t receive the payment.
You can purchase and send a telegraphic transfer** from any Westpac branch, or from one of our online channels:
You can receive funds via a telegraphic transfer. Payment can be made available at any Westpac branch. The SWIFT code for inward telegraphic transfers to Westpac New Zealand is WPACNZ2W.
These are bank cheques that are made out to the recipient in the currency you choose. They offer an economical way of sending money overseas and can be used to pay for goods when there's no urgency to pay. They can’t be made out for cash, or exchanged for cash. Only the person nominated on the draft can get the payment. They can be stopped if they are lost or stolen.
You can purchase a draft from any Westpac branch. If you receive a bank draft as payment, this can be deposited into your account at any Westpac branch.