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A Foreign Currency Account is available for clients who have a need to receive and make payments in foreign currencies as part of their agribusiness.
Terms, conditions and eligibility criteria apply.
Whether you are looking to grow, diversify, or simply need a specialist – we’re here to help. Get in touch with our team to see how we can help your agribusiness grow.
Rabobank offers Foreign Currency Accounts in eleven different foreign currencies as shown below.
A client may choose to have more than one type of Foreign Currency Account to receive and make payments in foreign currencies as part of their agribusiness operation.
Currency | Currency Code |
|---|---|
Australian Dollar | AUD |
British Pound | GBP |
Canadian Dollar | CAD |
Danish Kroner | DKK |
Euro | EUR |
| Hong Kong Dollar | HKD |
Currency | Currency Code |
|---|---|
| Japanese Yen | JPY |
Norwegian Kroner | NOK |
Swiss Franc | CHF |
| Singapore Dollar | SGD |
US Dollar | USD |
If you are paying from your Foreign Currency Account to a third party's account in the same foreign currency, you will need to complete and submit a Payment Request Form to provide these instructions to us. The Foreign Currency Account Payment Request Form can be found on our Forms and Brochures webpage here.
We must receive your instruction via the Foreign Currency Account Payment Request Form the business day before you need us to process your payment. This ensures that your payment can be processed on the next business day and accommodates foreign currency conversion cut-off times. The recipient should receive the funds into their account within 3 business days.*
*Payments may be delayed because of circumstances outside of Rabobank’s control or due to additional screening and processes (e.g. payments to first-time payees). Foreign Currency Account Terms and Conditions apply – see here for more information.
Every Foreign Currency Account will have a linked Nominated Account in New Zealand Dollars. If you want to convert funds from a foreign currency into New Zealand Dollars or from New Zealand Dollars into a foreign currency, you can request this directly by calling Client Services on 0800 500 933 the business day before the funds need to be converted. Alternatively, you can send us a secure message after logging in to internet banking. However, please note that secure messages have a minimum two-business-day response time. As a result, these types of requests cannot be guaranteed to be processed the next business day. Once processed, the funds should appear in your account on the same day.
Reach out to your Rural Manager or give our Client Services team a call, we're here to help.
Please get in touch with your Agribusiness Manager. They will guide you through the application process and help you setup your Foreign Currency Account. You can find a copy of the ‘Foreign Currency Application Form’ on our Forms and Brochures page on our website.
You can find these on the Forms and Brochures page on our website, under the Terms & Conditions and Fees tab.
You will need to complete a ‘Foreign Currency Account - Payment Request Form’ and email it to wellington@rabobank.com the business day before you need us to process your payment. You can find the Foreign Currency Account - Payment Request Form on the Forms and Brochures page on our website.
To receive a payment from a third party, you must provide them with your account name and number details, the foreign currency type and Rabobank’s SWIFT code information. We suggest you refer to the Foreign Currency Account Inward Payment Instructions which are emailed to you upon account opening. At any time, you can also download a copy of the Inward Payment Instructions after logging in to Rabobank Internet Banking.
