Why is it so complicated to wire money from the USA to NZ? I know the US laws are convoluted, but BNZ certainly isn’t helping reduce barriers to free trade with these instructions:
Dear Mr Wiggs
Thank you for your enquiry about transferring funds from the United States
to Bank of New Zealand.
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 the sender will need to forward to their 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:
New York City, NY
For A/C with Bank:
Bank of New Zealand
xxxxx (me) Wiggs
Bank to Bank Info:
There is an inwards processing fee of $15.00 to receive a TT. This fee is
generally debited from the amount transferred. The overseas bank may also
charge a fee to process the transfer.
If you have any questions about the above information, Mr Wiggs, or if I
can help further, please reply to this message or contact us on the numbers
Thank you for contacting Bank of New Zealand.
Customer Service Representative
Better Off – Bank of New Zealand
Phone – 0800 275 269 or +64 4 494 9098 from overseas
Fax – 0800 329 269 or +64 4 470 3071 from overseas
(Toll charges may apply for international numbers.)
Find your nearest Bank of New Zealand branch: