European countries have adopted a standard known as an International Bank Account Number (IBAN).
New Zealand has not adopted this standard, so if you’re giving your details, pleaseprovide your full bank branch account number and suffix as indicated on your statement.
Other Codes
Other codes that you may see are BSB, Sort Code, ABA Routing Number, Clearing Code, or National Clearing Code.
If you’re asked to provide a clearing code for your payment into BNZ, please use: NZ02nnnn —where nnnn is your four-digit branch number for your domestic account number (see domestic account number formats above) and NZ021000 for all foreign currency accounts.
New Zealand has not adopted any of the other codes.
You’ll be notified of incoming international payments between 8.00am and 7.30pm on the business day they’re being processed. Detailed payment information can be accessed straight away, and funds credited will be visible in your account as soon as they’re available.
You can also:
request email alerts to notify you, or someone else, as soon as an international payment has been processed
view and download a history of your international payments for the past 13 months
search by date range, received currency, or BNZ payment reference
add up to 140 characters of reference information per payment.
More information
For more information please call 0800 275 269, or +64 4 931 8209 from overseas (international toll charges apply).
Money sent from another country can be deposited directly into your bank account via an international wire transfer. You must supply the sender with your bank data, including your complete name, bank account number, sort code, and IBAN and SWIFT codes.
This added level of coded security reduces transaction errors, rejected payments, and transfer delays across borders. IBANs can only be used to send or receive funds, and they can't be used for other transactions, such as cash withdrawals.
There are a few reasons a SWIFT payment may be delayed — including: Incorrect or incomplete banking details provided for the recipient. High value transfers may require extra verification checks or documentation to comply with international law. Public holidays here or in the destination country may slow down transfers.
There can be an international transaction failure in a scenario, where an international merchant sends a 3D secure 2.0 card authentication request. In contrast, your bank would be using the 3D secure 1.0 card authentication method. As a result, the payment might simply not go through.
Simple steps for receiving money with a bank account
Required information varies depending on your location, but the bank name is mandatory in most countries. In the US you need to provide your ABA routing number, account number, address, city, state, zip and phone number.
Fees and conversion rates. Another problem clients can face is that SWIFT transfers are more expensive than domestic and SEPA payments. And sometimes, people don't check the pricing for SWIFT wire transfers beforehand and get overwhelmed with the fees they need to pay. There can also be issues with currency conversion.
Payment transactions require a BIC code from the beneficiary bank as well as from the sender's bank. Banks will sometimes ask for more details, too. It's important you enter these details correctly, or your transfer could be rejected — even if the SWIFT is valid.
Bank transfers are the "original" way to make and receive international payments. To receive funds, you'll need to give the payer your International Bank Account Number (IBAN), and your Bank Identifier Code (BIC).
International money transfer service. You can receive money from overseas directly into your bank account, using an international money transfer service. ...
Online banking apps. The first option is to use a service like Wise, formerly known as TransferWise and used by GoCardless to facilitate international payments. ...
Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
