ASB Bank

ASB Bank offers standard bank‑to‑bank international money transfers (IMTs) from New Zealand to Pacific Island countries, with flat fees by currency and FX margins added to the exchange rate.

Key Facts and Figures

ASB is a large New Zealand‑registered bank that provides IMTs globally, including transfers from New Zealand to Pacific destinations such as Fiji, Samoa, Tonga and Vanuatu through its correspondent‑bank network.
Independent testing of New Zealand providers has found ASB to be among the better‑value options for high‑value transfers to Fiji when compared with some competitors.

Mission Statement

In its public guidance on overseas payments, ASB emphasises helping customers “send funds overseas simply and securely,” highlighting reliability, security controls and convenience via digital [...]

In its public guidance on overseas payments, ASB emphasises helping customers “send funds overseas simply and securely,” highlighting reliability, security controls and convenience via digital channels.
The bank positions IMTs as suitable for both personal and business needs, from family remittances to paying for goods, services and travel.

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Core Services

ASB IMTs are electronic transfers from a customer’s ASB account to an overseas bank account, initiated mainly through FastNet Classic internet banking or the ASB [...]

ASB IMTs are electronic transfers from a customer’s ASB account to an overseas bank account, initiated mainly through FastNet Classic internet banking or the ASB Mobile app, or assisted in branches.
Additional services include international bank drafts and the ability to receive overseas payments into ASB accounts, with FX conversion handled by ASB.

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Countries Covered

ASB can send to a wide range of currencies, explicitly including Fiji dollar (FJD), Tongan pa’anga (TOP), Samoan tala (WST), Papua New Guinea kina (PGK), [...]

ASB can send to a wide range of currencies, explicitly including Fiji dollar (FJD), Tongan pa’anga (TOP), Samoan tala (WST), Papua New Guinea kina (PGK), Vanuatu vatu (VUV) and CFP franc (XPF), which correspond to Fiji, Tonga, Samoa, Papua New Guinea, Vanuatu and French‑territory Pacific destinations.
Coverage depends on correspondent‑bank relationships, but public fee tables and comparison work confirm active corridors from New Zealand to at least Fiji, Samoa and Tonga.

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Fees and FX Rates

ASB charges a flat sending fee that varies by the currency of the IMT: for example, around NZD 10 for FJD, TOP and WST transfers, [...]

ASB charges a flat sending fee that varies by the currency of the IMT: for example, around NZD 10 for FJD, TOP and WST transfers, NZD 20 for PGK, and NZD 25 for some other Pacific and Asian currencies.
When receiving foreign‑currency payments into ASB, the bank may charge fees between NZD 5 and NZD 25 depending on the currency and whether the funds convert to NZD; an additional NZD 15 may apply when crediting to an NZD account, with some small payments exempt.
ASB applies an exchange‑rate margin above the mid‑market rate, so the Pacific recipient gets slightly less than an equivalent mid‑market conversion would provide, although independent testing has still found its total cost competitive on some routes.

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Q and A Selection

Q: How do you make an ASB IMT? A: Customers log into FastNet Classic, select “Make a payment,” choose “International transfer,” enter beneficiary and bank [...]

Q: How do you make an ASB IMT?

A: Customers log into FastNet Classic, select “Make a payment,” choose “International transfer,” enter beneficiary and bank SWIFT details, select currency and amount, confirm with a Netcode, and submit.

Q: How long does it take to reach the Pacific?

A: ASB indicates that transfers are typically completed within up to about five working days, depending on time zones and the processing speed of the overseas bank.

Q: What information is required?

A: Senders must supply the beneficiary’s full name, account number or IBAN, the overseas bank’s name, address and SWIFT/BIC, and in some cases additional address details so intermediary banks can process the payment.

Q: Who pays intermediary charges?

A: ASB warns that overseas and intermediary banks may deduct their own fees from the payment, meaning the beneficiary might receive less than the amount sent.

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User Testimonaials

Independent consumer testing of international transfers from New Zealand notes that ASB delivered relatively strong value for a NZD 10,000 transfer to Fiji, suggesting that [...]

Independent consumer testing of international transfers from New Zealand notes that ASB delivered relatively strong value for a NZD 10,000 transfer to Fiji, suggesting that users sending larger amounts on that route may see comparatively good net proceeds.
Public reviews and guides describe ASB’s international transfer process as straightforward for existing customers via FastNet Classic, but some users compare its FX rates unfavourably with specialist remittance providers even when flat fees are reasonable.

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Compliance and Legal Info

ASB Bank Limited with a New Zealand Companies Office registration number 398445 and NZBN 9429039435743. ASB operates as a registered bank in New Zealand, subject [...]

ASB Bank Limited with a New Zealand Companies Office registration number 398445 and NZBN 9429039435743.
ASB operates as a registered bank in New Zealand, subject to prudential supervision by the Reserve Bank of New Zealand, and its IMT services fall under the same regulatory framework that governs its other banking and foreign‑exchange activities, including AML/CFT obligations.
Cross‑border payments to the Pacific are executed through correspondent‑banking arrangements, meaning ASB must also meet compliance expectations from overseas regulators and correspondent banks when processing Pacific remittances.

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Country from

Country to

How much

AUD