CommBank NZD transfer fees and exchange rates
Eligible Australian CommBank customers can hold NZD in a separate Foreign Currency Account linked to an eligible AUD account. CommBank waives the digital transfer fee when an international payment is debited from a Foreign Currency Account.
For a same-currency NZD payment, selected transfers may offer an upfront option covering correspondent-bank costs. A recipient bank can still charge, and conversion into or out of NZD uses a customer exchange rate that should be compared.
This service is provided through Australian CommBank banking, not a CBA New Zealand retail account.
CommBank and NZD commonly asked questions
Can a retail customer open a CommBank account in New Zealand?
CBA's New Zealand branch is available to corporate and institutional clients and does not provide over-the-counter personal banking. Retail banking within the CBA group is provided under the ASB Bank brand.
Can an Australian CommBank customer hold NZD?
Eligible customers can open a separate NZD Foreign Currency Account, but it must be linked to an eligible CommBank AUD account.
How long does a payment take?
CommBank says international transfers usually take one to three business days to process. The destination, cut-off time, intermediaries and recipient bank can make delivery longer.