• Earn interest on every cent in your account for specified currencies, with no minimum balance required.
  • Open an account with any amount, in most major currencies.
  • Check, manage & track your Foreign Currency Account through online banking.
  • Make and receive payments in foreign currencies.
  • No account maintenance fee.

Available currencies and their interest rates.

Where interest is payable, it is calculated daily and will be paid monthly (less withholding tax) into your account. Interest rates are subject to change without notice.


Telegraphic Transfer (TT) fees - See the full list of fees and charges.

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.

How do you open an account?

Visit your nearest Westpac New Zealand branch or chat with your relationship manager. You may need to bring a verified form of identification. For companies, trusts, estates or incorporated societies we'll need some additional paperwork, so call us on one of the below numbers.

To be eligible to open a Foreign Currency Account you must hold a Westpac transaction or savings account with us.


Call us from New Zealand

Give us a call us on weekdays between 7am to 8pm and weekends and public holidays between 8am to 5pm.

Call 0800 400 600

Call us from overseas

International toll charges apply.

Call +64 9 912 8000

Foreign exchange for business

Give us a call to set up a Foreign Currency Account.
Call 0800 177 188

Things you should know.

Terms, conditions, fees, and charges apply to Westpac products and services. See our terms, conditions, fees, and charges or visit your local branch for full details.

This material is provided for information purposes only and is not a recommendation or opinion in relation to any products or services.

No member of the Westpac group accepts liability for losses suffered as a result of converting currencies and any exchange risks from the conversion of currencies is the responsibility of the account/deposit holder. The information on this webpage and terms, conditions and pricing for Foreign Currency Accounts may vary from time to time.

Westpac Foreign Currency Accounts are provided by Westpac New Zealand Limited (Westpac). International payments are provided by Westpac Banking Corporation (acting through its New Zealand branch) (WBC) ABN 33 007 457 141, incorporated in Australia. Neither WBC nor its other subsidiaries guarantee or otherwise support the offer or the performance of Westpac.