Thursday, December 07, 2006

Howto: Transfer money from a US bank to Bank of New Zealand

I suspect this will not appear on Bank of New Zealand's web site anytime soon. I did send them a polite letter asking them to do so, and got a nice reply about how it has been submitted to the committee who collates requests yadi yadi yada ...

To save future travellers from such hassles, here's what BoNZ's email customer service told me which has all the necessary information that my bank in the US could process and send the tranfer. The Transfer normally takes 3 days.

In order for funds to be sent successfully from Banks and Credit Unions in the United States, the following instructions need to be followed. If these instructions are not followed, there is a risk of your payment being delayed or being returned to the United States.

The instructions you will need to forward to your bank in the United States are:

"Pay via FEDWIRE type code 1000 Customer Transfer utilising product code centre Payment through SWIFT by MT103 (Customer Transfer).”

Pay to Receiver:

ABA #021000089
Citibank N.A.
New York, NY

For A/C with Bank:

A/C 10933728
Bank of New Zealand
Wellington

Favour Beneficiary:

Your account name and full account number

Bank to Bank Info:

Your Bank of New Zealand branch address

There is a fee of $15 to receive an incoming TT. The overseas bank may also charge a fee to process the transfer.

No comments: