Multi currency business accounts in New Zealand, options and fees

Snapshot

Businesses in New Zealand that trade across borders can hold and convert several currencies. Fintech accounts such as Wise Business and Airwallex are common multi currency options, and the major banks also offer foreign currency accounts. Features and fees vary, so confirm the current terms with the provider.

Common fintech options: Wise Business and Airwallex for multi currency accounts and local details
Revolut Business: On a waitlist for New Zealand as of 12 February 2026, not yet generally open
Bank option: ANZ, ASB, BNZ and Westpac offer foreign currency accounts, terms vary
Watch for: Conversion fees, the exchange rate used, and any holding or setup fees

Fees and features as of 12 February 2026Last reviewed 12 February 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

A multi currency account lets a New Zealand business hold, receive, and convert money in more than one currency. As of 12 February 2026, Wise Business and Airwallex are widely used for this, with local account details in several currencies, while the major banks offer foreign currency accounts on their own terms. Revolut Business is on a waitlist for New Zealand. Confirm current pricing with the provider.

Multi currency options for New Zealand businesses

If you invoice overseas customers, pay foreign suppliers, or sell on international marketplaces, a multi currency account can reduce conversion steps. As of 12 February 2026, the most used options are fintech accounts and the foreign currency accounts offered by the major banks. The right fit depends on which currencies you handle and how often you convert.

Fintech accounts

Wise Business provides local account details in several currencies, including New Zealand dollars, Australian dollars, US dollars, and euros, and applies a one off setup charge. Airwallex offers global accounts that can receive funds in dozens of currencies and a New Zealand dollar zero a month entry tier. As of 12 February 2026, both onboard online. Confirm current fees, currencies, and the exchange rate method with the provider.

Major bank foreign currency accounts

ANZ, ASB, BNZ, and Westpac offer foreign currency accounts that let a business hold balances in selected currencies, often alongside trade and hedging services. As of 12 February 2026, eligibility, minimum balances, and fees vary by bank and by currency. Verify the current terms with the bank.

What to compare

When you compare multi currency accounts in New Zealand, look at these points, as of 12 February 2026. Verify with the provider

Which currencies you can hold and receive with local account details.
The conversion fee and whether the rate is the mid market rate or a marked up rate.
Any monthly, holding, or one off setup fees, and card and transfer costs.

Compare business accounts available in New Zealand

These providers accept business customers in New Zealand and onboard online. Fees and eligibility shown as of 12 February 2026. Confirm current terms with the provider before applying.

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Questions about business banking in New Zealand

Which providers offer multi currency business accounts in New Zealand?

As of 12 February 2026, Wise Business and Airwallex are common fintech options, and ANZ, ASB, BNZ, and Westpac offer foreign currency accounts. Revolut Business is on a waitlist for New Zealand. Confirm current availability and fees with the provider.

Can a New Zealand business hold US dollars or Australian dollars?

Yes. As of 12 February 2026, fintech accounts such as Wise Business and Airwallex let a business hold and receive several currencies including US dollars and Australian dollars, and the major banks offer foreign currency accounts. Verify the supported currencies with the provider.

Is Revolut Business available in New Zealand?

As of 12 February 2026, Revolut Business is on a waitlist for New Zealand rather than generally open. The position can change, so confirm directly with the provider.

How are multi currency conversion fees charged?

It depends on the provider. Some use the mid market exchange rate with a separate conversion fee, while others build a margin into the rate. As of 12 February 2026 this varies. Check the current pricing and the rate method with the provider before you convert.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 12 February 2026. Confirm current terms with the provider before applying.