New Zealand
Overview
| Transfer method | Local | SWIFT |
|---|---|---|
| Local clearing system | Bank Transfer | |
| Supported currency(ies) | NZD | AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
| Payment scheme | Direct Credit | |
| Flight time (business days) | 0-1 | 0-3 |
| Maximum transaction limit | 99,999,999.99 NZD | No limit |
| Ultimate payer displayed | Yes |
Please refer to the sections below for the key required bank details and other considerations for each supported transfer method.
Local NZD payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be NZD |
account_name | 2-200 characters | Account holder name of the beneficiary’s bank account |
account_number | 15-17 digits | This is a 15 to 17-digit number starting with a 6-digit bank and branch code. |
bank_country_code | 2-letter ISO 3166-2 country code | Should be NZ |
New Zealand bank account format
Account numbers are generally 15-17 digits presented in the format: BB-bbbb-AAAAAAAA-SSS, where B is the bank number (2 digits), b is the branch number (4 digits), A is the account number (7-8 digits) and S is the suffix (2-3 digits).
SWIFT payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | One of AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 15-16 digits | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be NZ |