New Zealand: SWIFT/BIC Codes & Payment Info

Cross-border payments and banking in New Zealand: Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, NZ Clearing Code, and beneficiary bank address).

Central Bank: For additional information, please refer to www.rbnz.govt.nz.

Payment Formatting Rules for NZD:

Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Avoid P.O. Box numbers and include city, state, country, and postal code for the ordering customer’s address. For payments out of New Zealand, the NZ Clearing Code must be included in the ordering details.

Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), and address of the beneficiary customer. Use of initials or failure to provide full beneficiary customer details may result in payment delays. New Zealand dollar account numbers (16 digits) consist of a 6-digit NZ Clearing Code followed by a 7-digit account number then followed by a 3-digit suffix (e.g., 1234561234567123 OR 12345612345678123). Avoid P.O. Box numbers and include city, state, country, and postal code for the beneficiary customer’s address.

Beneficiary Bank (SWIFT MT103 F57): Include the Bank and Branch number (NZ Clearing Code) and SWIFT BIC, full name, and address of the beneficiary bank. New Zealand banks are identified by a 6-digit Bank and Branch number, often referred to as a NZ Clearing Code, where the first 2 digits specify the bank and the last 4 digits specify the branch, (e.g., 11-2908). For payments into New Zealand, the NZ Clearing Code must be included in the beneficiary bank details in the format //NZ112908. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNZxx or xxxxNZxxxxx.

Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.