Convenient banking

ANZ Bank understands that businesses need assistance when it comes to foreign exchange dealings. In a world with many borders and different currencies, ANZ can provide the assistance necessary to make or receive payments in major world and regional currencies.

Features at a glance

• ANZ Bank purchases and sells currency notes of most overseas countries
• ANZ deals with most worldwide currencies except for the specified sanctioned countries
• Daily rates given by Money Market Dealers
• ANZ branches hold foreign currency
• Foreign Exchange (FX) Deals can be created and cancelled
• FX Spot Deal – purchase or sale of currency with a settlement date within the next two working days
• FX Outright Deal – purchase or sale of currency with a settlement date beyond the next two working days
• FX Swap Deal - When the same currency is bought and sold in two related deals on different settlement dates.

Benefits

• Access to daily rates in real time
• Access to purchasing or selling foreign currency except from sanctioned countries
• Able to deposit or credit foreign currency notes to a foreign currency account
• Make telegraphic transfers of foreign currency
• Flexible negotiating deals with ANZ's dealers
• Can cancel a FX deal but only if deal is not processed by Treasury Back Office (TBO)
• Various money market deals can be made
• Secure and convenient payments by phone, fax or email
• Access to ANZ FX Online research publications
• Get recommendations on a variety of easy to use hedging solutions including Forward Exchange Contracts
• Be able to manage exchange risk with a range of foreign exchange products.

Terms and conditions

• Customers that use fax or email authorisations to transfer funds from accounts must complete a fax indemnity form.

Fees and charges 

• TT’s to all overseas points irrespective of amount: PGK40.00 
  Note: An extra charge of PGK20.00 minimum when confirmation by telephone is required
• Drafts on all overseas points = PGK40.00
• Repurchase of draft when item is represented to branch for refund to original purchaser = PGK50.00
• Placing a stop payment on a lost/stolen item (plus SWIFT messaging costs if applicable which applies whether refund given or a replacement instrument issued).

Find out more now

Talk to us about foreign exchange today by: 

• visiting your local ANZ branch 
• call +675 322 3232 to speak to an ANZ specialist
• sending us an online enquiry.

 

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