Foreign Currency Call Account
Hold and earn interest on overseas currency.
- Receive and pay out money in the same foreign currency to avoid conversion costs
- Hold foreign currency and convert it when the exchange rate is right for you
- Available in a wide range of currencies to suit your needs
More detail
Earn interest on foreign currency
With a BNZ foreign currency call account you can buy foreign currency when it suits you and earn interest until you need it. It can be ideal if you’re saving for something like an overseas trip or intend buying something from another country.
Receive, hold and pay out in one currency
If you get money from overseas you can hold it in your foreign currency call account without paying the cost of converting it to New Zealand dollars. And when you need to pay for something in that currency, your money is right there and ready to use.
Manage the potential of a better exchange rate
With a foreign currency call account you can buy foreign currency now when the exchange rate is right for you, and hold it until you need it later on. Likewise, if you already have foreign currency you can wait a while before converting it to New Zealand dollars. Either way, your money will earn interest and be available on call the whole time it’s in your account.
Foreign Currency Call Account Maintenance Fee
The Foreign Currency Call Account Maintenance Fee is charged monthly1 in the currency of the account. See the table below for the account maintenance fee per currency. These rates are subject to change from time to time.
Monthly maintenance fee can be refunded
If your average daily balance for the month is over the rebate level for your account’s currency, the Foreign Currency Call Account Maintenance Fee will be refunded in full. The rebate level for each currency is also shown in the monthly maintenance fees and rebate levels section below, and is subject to change from time to time.
Keeping track of your account
You can check the balance of your foreign currency call account, whenever it suits, through our Internet Banking service. With BNZ, your balance shows in real time, so it’s always up to date.
Other things it pays to know
- Minimum balances apply in order to earn interest on credit balances and interest rates can change daily
- Interest is calculated daily and paid on the last business day of the next month
- View our foreign currency call account interest rates and monthly maintenance fees and rebate levels, below.
- Funds are held in New Zealand, not overseas
Tiers and indicative interest rates as at: unable to retrieve date
| Currency | Minimum Tier | Tier 1 | Tier 2 | Tier 3 | Tier 4 |
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| USD - United States Dollars | AUD - Australian Dollars | CAD - Canadian Dollars |
| GBP - Great Britain Pounds | EUR - European Community Euro | SGD - Singapore Dollars |
| CHF - Swiss Francs | HKD - Hong Kong Dollars |
- These per annum interest rates are indicative only and are subject to change without notice
- Tiers are subject to change at BNZ’s discretion without notice
- No interest is payable on credit balances below the minimum tier
- Interest is calculated daily and paid in the currency in which the account is held, on the last business day of each month
- A ‘month’ for interest purposes refers to the period from the day after the last business day in a month up to and including the last business day of the next month.
| Country | Currency | Monthly* Maintenance Fee | Rebate Level |
|---|---|---|---|
| United States | USD | 6.50 | 65,000 |
| Australia | AUD | 13.00 | 125,000 |
| Great Britain | GBP | 5.00 | 45,000 |
| Euro | EUR | 7.50 | 74,000 |
| Japan | JPY | 850 | 8,500,000 |
| Canada | CAD | 10.50 | 102,000 |
| Hong Kong | HKD | 50.00 | 500,000 |
| Switzerland | CHF | 11.00 | 110,000 |
| Singapore | SGD | 12.00 | 120,000 |
| Sweden | SEK | 67.00 | 670,000 |
| Denmark | DKK | 55.00 | 550,000 |
| Norway | NOK | 57.00 | 570,000 |
| South Africa | ZAR | 71.00 | 710,000 |
- Account maintenance fees and rebate levels are subject to change from time to time.
- Account maintenance fees are charged on the last business day of each month.
- * A ‘month’ for fee and rebate purposes refers to the period from the last business day of the previous month until the penultimate business day of the current month.
