Not only are Australia and New Zealand close neighbours in the southern hemisphere, Australia is New Zealand’s biggest trading partner. This close link between the AU & NZ economy has made the NZD/AUD currency pair one of the most stable. However, if you are conducting business in New Zealand frequently, you may still be affected by transfer fees or poor exchange rates, no matter how close the two countries are. This can all change with the World Account.
Why do you need NZD bank account details for your business?
Having domestic NZD details will allow you to conduct business in New Zealand in the same way a local would. Convert NZD into your local currency with no fees and market-leading exchange rates.
With multiple currencies available in the World Account including USD, GBP, AUD, JPY, SGD, HKD, CNH and CAD, you can make payments directly from your World Account to your suppliers or offshore contractors. As an all-in-one product, the World Account will allow your business to operate globally through reduced number of foreign exchange transactions, ultimately adding savings to your bottomline.
What’s included in local NZD bank account details?
- Bank Code (6 digits)
- Account Number (16 digits with the 6 digit bank code as a prefix)
- SWIFT Code
Learn More about World Account
How to open a NZD account with WorldFirst
- Sign up to a free World Account online in just a few minutes.
- Complete our on-boarding process where we get to know your business.
- We will instantly issue your NZD account. You can open as many as you like and we can also open accounts in USD, GBP AUD, NZD, JPY, SGD, HKD, CNH and CAD.
- You provide your local GBP bank account details to business stakeholders such as customers on invoices, marketplace accounts and to your business partners.
- Once you have NZD in your account, you can repatriate at market-leading exchange rates or make same-currency payments direct from your account. Transfers can be online or through your dedicated account manager.
Our accounts are made for the collection of global funds relating to your business and a not made for long-term storing of funds.
These comments are the views and opinions of the author and should not be construed as advice. You should act using your own information and judgement.
Whilst information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed.
All opinions and estimates constitute the author’s own judgement as of the date of the briefing and are subject to change without notice.
Please consider FX derivatives are high risk, provide volatile returns and do not guarantee profits.