Westpac New Zealand Profile

Westpac New Zealand is the second largest bank in the country, a subsidiary of the Western-Pacific, one of the Australia’s big four banks.

Bank of New South Wales was originally founded in 1861 when it opened seven branches across the country of New Zealand. Even today, some of the original buildings still stand where they were built. Locations include Tokomaru Bay and another one on the South Island in Oamaru.

Westpac was theÂlargest bank in New Zealand until the merger of ANZ and the National Bank of New Zealand in 2012. What makes the bank so big? 1.5 million customers, 3,000 shareholders and a huge 197 branches around the country.

The bank is currently committed to supporting the growth of environmentally sustainable operations, specifically in regards to electric motor vehicles. Over the next three years, they aim to increase the number of electric vehicles on New Zealand’s road by 75%.

Benchmark services that Westpac New Zealand currently provide are:

  • Home loans
  • Credit cards
  • Investments
  • Accounts and online solutions
  • Business insurance
  • Industry specialist services
  • International business
  • Farm finance & credit cards
  • Global transactional services

Head office address

Level 8 16 Takutai Square Auckland Auckland Central, Auckland 1010, New Zealand

Postal address: PO Box 934 Shortland Street Auckland 1140

Contacts

General enquiries

  • FromÂNew Zealand: 0800 400 600
  • From overseas: +64 9 912 8000

Phone banking (registered users)

  • From New Zealand: 0800 172 172
  • From overseas: +64 4 915 666

Card Services:

  • From New Zealand: 0800 888 111
  • From overseas: +64 9 914 8026

Lost/Stolen Credit Cards

  • From New Zealand: 0800 888 111
  • From overseas: +64 9 914 8026

Hotpoints

  • From New Zealand: 0800 888 111
  • To Redeem Points:
    • From New Zealand: 0800 861 862
    • From overseas: +64 9 524 1190

Home Loans/Personal Loans/Overdrafts

  • From New Zealand: 0800 177 277

Insurance

  • Home, Contents, Vehicle and Boat:
    • From New Zealand: 0800 809 378
    • From overseas: +64 9 308 1101
  • Life, Loan, Income, Bill Protection, Card Repayment Cover:
    • From New Zealand: 0800 738 641
    • From overseas: +64 3 3762 4855
  • Travel:
    • From New Zealand: 0800 550 325
    • From overseas: +64 9 308 2133

KiwiSaver

  • From New Zealand: 0508 972 254
  • From overseas: +64 9 367 3317

Business Finance

  • From New Zealand: 0800 177 200
  • From overseas: 0800 888 066

Agribusiness Finance

  • From New Zealand: 0800 177 155

FACTA Operations

  • From New Zealand: 0800 432 822
  • From overseas: +64 9 352 2437

Westpac New Zealand Branches

Westpac Bank Branches in North Island Branches

Westpac Branch: Kaikohe 137 Broadway, Kaikohe, Northland 0405, New Zealand (09) 4052943

Westpac Branch: Kaitaia 96 Commerce St, Kaitaia, Northland 0410, New Zealand (09) 4086104

Westpac Branch: Kamo (CLOSING NOVEMBER 2016) 545 Kamo Rd, Kamo, Northland 0112, New Zealand (09) 4354756

Westpac Branch: Kerikeri 59 Kerikeri Rd, Kerikeri, Northland 0230, New Zealand (09) 4075721

Westpac Branch: Paihia 76 Marsden Rd, Paihia, Northland 0200, New Zealand (09) 4026320

Westpac Branch: Warkworth 4/10 Baxter St, Warkworth, Auckland 0910, New Zealand (09) 4250843

Westpac Branch: Whangarei 36 Rathbone St, Whangarei, Northland 0110, New Zealand (09) 4302896

Westpac Branch: Dargaville 76 Victoria St, Dargaville, Northland 0310, New Zealand (09) 4393590

Westpac Branch: Ruakaka Peter Snell Rd, Ruakaka, Northland 0116, New Zealand (09) 4328395

Westpac HelpStation Branch: Silverdale 16 Wainui Rd, Silverdale, 0932, New Zealand (09) 4261884

Westpac Branch: 79 Queen St 79 Queen St, Auckland Central, Auckland 1010, New Zealand (09) 3024221

Westpac Branch: Birkenhead 29 Birkenhead Ave, Birkenhead, Auckland 0626, New Zealand (09) 4803313

Westpac Branch: Blockhouse Bay 507 Blockhouse Bay Rd, Blockhouse Bay, Auckland 0600, New Zealand (09) 6270616

Westpac Branch: Henderson 362 Great North Rd, Henderson, Auckland 0612, New Zealand (09) 8368472

Westpac Branch: Lincoln Road Henderson 192-198 Universal Dr, Henderson, Auckland, 0610, New Zealand (09) 8368143

Westpac Branch: Howick 19 Wellington St, Howick, Auckland 2014, New Zealand (09) 5337615

Westpac Branch: Papatoetoe 194 Great South Rd, Papatoetoe, Auckland 2025, New Zealand (09) 2790861

Westpac Branch: Milford 198 Kitchener Rd, Milford, Auckland 0620, New Zealand (09) 4884345

Westpac Branch: Lynnmall 3058 Great North Road,, New Lynn, Auckland 0600, Newleand (0800) 400600

Westpac Branch: Newmarket 298 Broadway, Auckland, 1023, New Zealand (09) 5209117

Westpac Branch: Botany 451 Ti Rakau Dr, Manukau, 2013, New Zealand (09) 2742330

Westpac Branch: Manukau City 652 Great South Rd, Manukau, Auckland 2104, New Zealand (09) 2790866

Westpac Branch: Onehunga 179 Onehunga Mall, Onehunga, Auckland 1061, New Zealand (09) 6348558

Westpac Branch: Otahuhu 10/16 King St, Otahuhu, Auckland 1062, New Zealand (09) 2704518

Westpac Branch: Mt Eden 184 Dominion Rd, Auckland, 1024, New Zealand (09) 6385835

Westpac Branch: Penrose 666 Great South Rd, Penrose, Auckland 1061, New Zealand (09) 5269501

Westpac Branch: Ponsonby 172 Ponsonby Rd, Auckland, 1011, New Zealand (09) 3607811

Westpac Branch: Remuera 381 Remuera Rd, Remuera, Auckland, 1050, New Zealand (09) 5294712

Westpac Branch: St Heliers 101/387 Tamaki Dr, Auckland, Auckland 1071, New Zealand (09) 5750837

Westpac Branch: Takapuna 505 Lake Rd, Takapuna, Auckland, 0622, New Zealand (09) 4881103

Westpac Branch: Wairau Rd Wairau Junction, 170 Wairau Road, Wairau Valley, Auckland, 0627, New Zealand (09) 4416712

Westpac Branch: Mid City 229 Queen St, Auckland, Auckland 1010, New Zealand (09) 3755881

Westpac Branch: Manurewa 184 Great South Rd, Manurewa, Auckland 2102, New Zealand (09) 2683925

Westpac Branch: Glenfield 30 Downing St, Glenfield, Auckland, 0629, New Zealand (09) 4405560

Westpac Branch: St Johns 80 Lunn Ave, Mt Wellington, Auckland 1072, New Zealand (09) 5744570

Westpac Branch: Mangere 38/44 Orly Ave, Mangere, Auckland 2022, New Zealand (09) 2570806

Westpac Branch: Highland Park 505 Pakuranga Rd, Bucklands Beach, Auckland 2010, New Zealand (09) 5350640

Westpac Branch: St Lukes 80 St Lukes Rd, Auckland, Auckland 1025, New Zealand (09) 8455730

Westpac Branch: Manukau City Mall Westfield Manukau City, Cnr Gt South and Wiri Station Rd, Auckland 2104, New Zealand (09) 2628213

Westpac Branch: Pakuranga 1/135 Pakuranga Rd, Pakuranga, Auckland 2010, New Zealand (09) 5720282

Westpac Branch: Britomart Te Ara Tahuhu Walkway, Auckland Central, Auckland 1010, New Zealand (09) 3489391

Westpac Branch: Devonport 45-47 Victoria Rd, Devonport, Auckland 0624, New Zealand (09) 4450841

Westpac Branch: Viaduct Branch 22 Viaduct Harbour Ave, Auckland, 1010, New Zealand (09) 3540440

Westpac Branch: Sylvia Park Branch 286 Mount Wellington Highway, Auckland, Auckland 1060, New Zealand (09) 5741710

Westpac Branch: Botany Junction 277 Te Irirangi Dr, Flat Bush, Auckland 2016, New Zealand (09) 2717430

Westpac Branch: Northwest (09) 8333676

Westpac Branch: Migrant Brokers Te Ara Tahuhu Walkway, Auckland Central, Auckland 1010, New Zealand (09) 3489388

Westpac Branch: Migrant Britomart West Te Ara Tahuhu Walkway, Auckland Central, Auckland 1010, New Zealand (0800) 888228

Westpac Branch: Migrant Britomart Cntrl Te Ara Tahuhu Walkway, Auckland Central, Auckland 1010, New Zealand (0800) 888228

Westpac HelpStation Branch: Mt Roskill 22 Stoddard Rd, Auckland, 1041, New Zealand (09) 6203452

Westpac HelpStation Branch: Epsom 399 Manukau Rd, Epsom, Auckland 1023, New Zealand (09) 6235550

Westpac Branch: Whitianga 39 Albert St, Whitianga, Waikato 3510, New Zealand (07) 8662701

Westpac Branch: Morrinsville 187 Thames Street, Morrinsville, Waikato 3300, New Zealand (07) 8890651

Westpac Branch: Papakura 191 Great South Rd, Papakura, Auckland, 2112, New Zealand (09) 2964017

Westpac Branch: Pukekohe 5 Hall St, Pukekohe, Auckland 2120, New Zealand (09) 2371947

Westpac Branch: Thames 515 Pollen St, Thames, Waikato 3500, New Zealand (07) 8679373

Westpac Branch: Tokoroa 203/209 Leith Pl, Tokoroa, Waikato 3420, New Zealand (07) 8862501

Westpac Branch: Te Awa The Base 1 Pacific Crescent, Northgate, Waikato 3200, New Zealand (07) 8509761

Westpac Branch: Takanini 228 Great South Rd, Takanini, Auckland 2112, New Zealand (09) 2964850

Westpac Branch: Katikati 27 Main Rd, Katikati, Bay Of Plenty 3129, New Zealand (07) 5492650

Westpac Branch: Hamilton East 20 Clyde St, Hamilton East, Waikato 3216, New Zealand (07) 8560450

Westpac Branch: Chartwell 228 Comries Rd, Chartwell, Waikato 3210, New Zealand (07) 8548406

Westpac Branch: Raglan (CLOSING NOVEMBER 2016) 30 Bow St, Raglan, Waikato 3225, New Zealand (07) 8250601

Westpac Branch: Cambridge 79 Victoria St, Cambridge, Waikato 3434, New Zealand (07) 8232705

Westpac Branch: Huntly 120 Main St, Huntly, Waikato 3700, New Zealand (07) 8286704

Westpac Branch: Paeroa 90 Normanby Rd, Paeroa, Waikato 3600, New Zealand (07) 8629856

Westpac Branch: Te Aroha (CLOSING NOVEMBER 2016) 157 Whitaker St, Te Aroha, Waikato 3320, New Zealand (07) 8847310

Westpac Branch: Waihi 78 Seddon St, Waihi, Waikato 3610, New Zealand (07) 8636551

Westpac Branch: Whangamata (CLOSING NOVEMBER 2016) 606 Port Rd, Whangamata, Waikato 3620, New Zealand (07) 8650100

Westpac Branch: Mt Maunganui 159 Maunganui Rd, Mt Maunganui, Bay Of Plenty 3116, New Zealand (07) 5751400

Westpac Branch: Rotorua Central 1228 Amohau St, Rotorua, Bay Of Plenty 3010, New Zealand (07) 3495446

Westpac Branch: Taupo 27 Horomatangi St, Taupo, Waikato 3330, New Zealand (07) 3772757

Westpac Branch: Te Puke 49 Jellicoe St, Te Puke, Bay Of Plenty 3119, New Zealand (07) 5730174

Westpac Branch: Whakatane 167 The Strand,, Whakatane 3120, New Zealand (07) 3079900

Westpac Branch: Gisborne 101 Gladstone Rd, Gisborne, Gisborne 4010, New Zealand (06) 8631648

Westpac Branch: Wairoa 86 Marine Parade, Wairoa, Hawke’s Bay, 4108, New Zealand (06) 8383141

Westpac Branch: Papamoa 30 Domain Rd, Tauranga, Bay Of Plenty 3118, New Zealand (07) 5725755

Westpac Branch: Opotiki 118 Church Street, Opotiki, 3122, New Zealand (07) 3151100

Westpac Branch: Bayfair Girven Rd, Mt Maunganui, Bay Of Plenty 3116, New Zealand (07) 5751900

Westpac Branch: Cherrywood (CLOSING NOVEMBER 2016) 32 Cherrywood Dr, Otumoetai, Bay Of Plenty 3110, New Zealand (07) 5760800

Westpac Branch: Greerton 199 Chadwick Rd, Greerton, Bay Of Plenty 3112, New Zealand (07) 5773611

Westpac Branch: Cameron Road 573 Cameron Road, Tauranga South, Tauranga 3110, New Zealand (07) 5773600

Westpac HelpStation Branch: Tauranga Centre 27 Spring St,, Tauranga 3110, New Zealand (07) 5775443

Westpac Branch: Putaruru (CLOSING NOVEMBER 2016) 16 Princes St, Putaruru, Waikato 3411, New Zealand (07) 8833608

Westpac Branch: Taumarunui 58 Miriama St, Taumarunui, Manawatu-Wanganui 3920, New Zealand (07) 8953755

Westpac Branch: Te Awamutu 98 Alexandra St, Te Awamutu, Waikato 3800, New Zealand (07) 8712404

Westpac Branch: Te Kuiti 113 Rora Street, Te Kuiti, 3910, New Zealand (07) 8781104

Westpac Branch: Hawera 95 Princes St, Hawera, Taranaki 4610, New Zealand (06) 2780070

Westpac Branch: 196 Devon St East 196 Devon St E, New Plymouth, Taranaki 4310, New Zealand (06) 7597882

Westpac Branch: Stratford 212 Broadway, Stratford, Taranaki 4332, New Zealand (06) 7658798

Westpac Branch: Otorohanga (CLOSING NOVEMBER 2016) 64 Maniapoto St, Otorohanga, Waikato 3900, New Zealand (07) 8736805

Westpac Branch: 2 Devon St East 2 Devon St E, New Plymouth, Taranaki 4310, New Zealand (06) 7597852

Westpac Branch: Napier 28 Dickens St, Napier, Hawke’s Bay 4110, New Zealand (06) 8343720

Westpac Branch: Waipukurau Ruataniwha St, Waipukurau, Hawke’s Bay 4200, New Zealand (06) 8587720

Westpac Branch: Taihape 100 Hautapu St, Taihape, Manawatu-Wanganui 4720, New Zealand (06) 3882013

Westpac Branch: Carterton (CLOSING NOVEMBER 2016) 57 High St N, Carterton, Wellington, 5713, New Zealand (06) 3796301

Westpac Branch: Dannevirke 69 High St, Dannevirke, Manawatu-Wanganui 4930, New Zealand (06) 3744554

Westpac Branch: Feilding 96 Manchester St, Feilding, Manawatu-Wanganui 4702, New Zealand (06) 3230114

Westpac Branch: Levin 226 Oxford St, Levin, Manawatu-Wanganui 5510, New Zealand (06) 3675861

Westpac Branch: Marton 262 Broadway, Marton, Manawatu-Wanganui 4710, New Zealand (06) 3274700

Westpac Branch: Masterton 239 Queen St, Masterton, Wellington 5810, New Zealand (06) 3705800

Westpac Branch: Pahiatua 120 Main St, Pahiatua, 4910, New Zealand (06) 3760150

Westpac Branch: Broadway Ave (CLOSING NOVEMBER 2016) 1-17 Broadway Ave, Palmerston North, Manawatu-Wanganui 4410, New Zealand (06) 3518700

Westpac Branch: Paraparaumu Coastlands Parade, Paraparaumu, Wellington 5032, New Zealand (04) 2961481

Westpac Branch: Upper Hutt 152 Main St, Upper Hutt, Wellington 5018, New Zealand (04) 5276986

Westpac Branch: Wanganui 116 Victoria Ave, Wanganui, Manawatu-Wanganui 4500, New Zealand (06) 3480206

Westpac Branch: Plaza 84 The Square, Palmerston North, Manawatu-Wanganui 4410, New Zealand (06) 3557400

Westpac Branch: Terrace End 312/318 Broadway Avenue, Palmerston North, 4414, New Zealand (06) 3514807

Westpac Branch: Waikanae (CLOSING NOVEMBER 2016) 18 Mahara Pl, Waikanae, Wellington 5036, New Zealand (04) 2961587

Westpac Branch: Wainuiomata (CLOSING NOVEMBER 2016) 6 Queen St, Wainuiomata, Wellington 5014, New Zealand (04) 5640148

Westpac Branch: Karori Branch 250 Karori Rd, Karori, Wellington 6012, New Zealand (04) 4765397

Westpac Bank Branches in South Island Branches

Westpac Branch Rangiora 13 – 15 Ashley Street, Rangiora 7400, New Zealand Phone: (03) 3132510

Westpac Branch Queenstown 59 Beach St, Queenstown, Otago 9300, New Zealand Phone: (03) 4424525

Westpac Branch Hornby Hornby Mall, 418 Main South Road, Hornby, Christchurch, New Zealand Phone: (03) 3491600

Westpac Branch New Brighton 54/56 Brighton Mall, New Brighton, Canterbury 8061, New Zealand Phone: (03) 3880983

Westpac Branch Riccarton 129 Riccarton Road, Westfield Mall, Christchurch Canterbury, New Zealand Phone: (03) 3438499

Westpac Branch Upper Riccarton 3 Waimairi Rd, Christchurch, Canterbury 8041, New Zealand Phone: (03) 3437670

Westpac Branch Ashburton 122 Tancred St, Ashburton, Canterbury 7700, New Zealand Phone: (03) 3078200

Westpac Branch Geraldine 33 Talbot St, Geraldine, Canterbury 7930, New Zealand Phone: (03) 6931100

Westpac Branch Hokitika 97 Revell St, Hokitika, West Coast 7810, New Zealand Phone: (03) 7568330

Westpac Branch Papanui 45D Main North Rd, Papanui, Canterbury 8052, New Zealand Phone: (03) 3540600

Westpac Branch Sydenham 443 Colombo St, Sydenham, Canterbury 8023, New Zealand Phone: (03) 3530615

Westpac Branch Dunedin North 396 George St, North Dunedin, Otago 9016, New Zealand Phone: (03) 4748001

Westpac Branch Timaru 243 Stafford St, Timaru, Canterbury 7910, New Zealand Phone: (03) 6841804

Westpac Branch Moray Place 106 George St, Dunedin Central, Otago 9016, New Zealand Phone: (03) 4749890

Westpac Branch Gore 36 Mersey St, Gore, Southland 9710, New Zealand Phone: (03) 2039244

Westpac Branch Oamaru 155 Thames St, Oamaru, Canterbury, 9400, New Zealand Phone: (03) 4331326

Westpac Branch Ranfurly (CLOSING NOVEMBER 2016) 26 Charlemont St E, Ranfurly, Otago 9332, New Zealand Phone: (03) 4441451

Westpac Branch Winton 284 Great North Rd, Winton, Southland 9720, New Zealand Phone: (03) 2366023

Westpac Branch Terrace Junction 1092 Frankton Rd, Frankton, Otago, 9300, New Zealand Phone: (03) 4424525

Westpac Branch Amberley 113 Carters Rd, Amberley, Canterbury, 7410, New Zealand Phone: (03) 3149700

Westpac Branch Halswell 346 Halswell Rd, Halswell, Canterbury 8025, New Zealand Phone: (03) 3225700

Westpac Branch Kaiapoi 77 Hilton St, Kaiapoi, Canterbury 7630, New Zealand Phone: (03) 3279700

Westpac Branch Lincoln 18 Gerald St, Lincoln, Canterbury 7608, New Zealand Phone: (03) 3256940

Westpac Branch Eastgate 4 Buckleys Rd, Linwood, Canterbury 8062, New Zealand Phone: (03) 3814864

Westpac Branch Barrington 256 Barrington St, Barrington Shopping Centre, Christchurch Canterbury, New Zealand Phone: (03) 3378545

Westpac Branch Ferrymead 1005 Ferry Rd, Christchurch, Canterbury 8023, New Zealand Phone: (03) 3842109

Westpac Branch The Palms 20/22 Marshland Rd, Shirley, Canterbury, 8061, New Zealand Phone: (03) 3850617

Westpac Branch Bishopdale (CLOSING NOVEMBER 2016) 15 Bishopdale Ct, Bishopdale, Canterbury 8053, New Zealand Phone: (03) 3593918

Westpac Branch Fendalton Mall (CLOSING NOVEMBER 2016) 19-23 Memorial Ave, Ilam, Canterbury 8053, New Zealand Phone: (03) 3510109

Westpac Branch Merivale 215 Papanui Rd, Merivale, Canterbury 8014, New Zealand Phone: (03) 3550165

Westpac Branch Northtown 98 Evans St, Timaru, Canterbury 7910, New Zealand Phone: (03) 6841400

Westpac Branch Fairlie (CLOSING NOVEMBER 2016) 85 Main St, Fairlie, Canterbury 7925, New Zealand Phone: (03) 6858571

Westpac Branch Mosgiel 112 Gordon Rd, Mosgiel, Otago 9024, New Zealand Phone: (03) 4899212

Westpac Branch Gardens (CLOSING NOVEMBER 2016) 2 N Rd, North East Valley, Otago 9010, New Zealand Phone: (03) 4730721

Westpac Branch Green Island 212 Main South Rd, Green Island, Otago 9018, New Zealand Phone: (03) 4880806

Westpac Branch South Dunedin 216 King Edward St, South Dunedin, Otago 9012, New Zealand Phone: (03) 4560735

Westpac Branch Alexandra 40 Tarbert St, Alexandra, Otago 9320, New Zealand Phone: (03) 4402237

Westpac Branch Balclutha 39 Clyde St, Balclutha, Otago 9230, New Zealand Phone: (03) 4184900

Westpac Branch Wanaka 15 Helwick St, Wanaka, Otago 9305, New Zealand Phone: (03) 4439755

Westpac Branch Invercargill South 241 Elles Rd, Strathern, Southland 9812, New Zealand Phone: (03) 2181409

Westpac Branch Windsor 66 Windsor St, Windsor, Southland 9810, New Zealand Phone: (03) 2171506

Westpac Branch Te Anau (CLOSING NOVEMBER 2016) Milford Rd, Te Anau, Southland 9600, New Zealand Phone: (03) 2498604

Westpac Branch Invercargill 62 Kelvin St, Invercargill, Southland 9810, New Zealand Phone: (03) 2135900

Westpac Mobile Branch Re:START Mall, 108 Cashel Street, Christchurch 8011, New Zealand Phone: (03) 385 0205

Westpac HelpStation Rolleston 9 Masefield Drive, Rolleston, Christchurch, New Zealand Phone: (03) 3477700

Westpac HelpStation St Martins 92 Wilsons Rd, St Martins, Canterbury 8022, New Zealand Phone: (03) 3378400

Westpac Branch Greymouth 128 Mackay St, Greymouth, West Coast, 7805, New Zealand Phone: (03) 7683208

Westpac Branch Hokitika 97 Revell St, Hokitika, West Coast 7810, New Zealand Phone: (03) 7568330

Westpac Branch Westport 143 Palmerston St, Westport, West Coast 7825, New Zealand Phone: (03) 7888155

Westpac Branch Motueka 165 High St, Motueka, Tasman 7120, New Zealand Phone: (03) 5281204

Westpac Branch Nelson 168 Trafalgar St, Nelson, Nelson 7010, New Zealand Phone: (03) 5459709

Westpac Branch Richmond 216 Queen St, Richmond, Tasman, 7020, New Zealand Phone: (03) 5439267

Westpac Branch Stoke (CLOSING NOVEMBER 2016) 11 Putaitai St, Stoke, Nelson 7011, New Zealand Phone: (03) 5478509

Westpac Branch Takaka (CLOSING NOVEMBER 2016) 64 Commercial St, Takaka, Tasman 7110, New Zealand Phone: (03) 5258952

Westpac New Zealand SWIFT Codes

Branch Name

Swift Code

WESTPAC BANK, Auckland,New Zealand WPACNZ2W
WESTPACTRUST, Wellington,New Zealand (Securities) WTSLNZ21

What can you use these codes for?

SWIFT codes are an absolutely wonderful creation. The SWIFT organisationis the current body which is responsible for the maintenance and security of the international secure financial messaging service – they’re official known as the Society for Worldwide Interbank Financial Telecommunication – pretty good acronym if you ask us!

SWIFT’s mission statement is as follows:

SWIFT is a worldwide community of financial institutions whose purpose is to be the leader in communications solutions enabling interoperability between its members, their market infrastructures and their end-user communities

The system is governed under and international standard, specifically,ISO 9362:2014. It succeeded its predecessor, ISO 9362:2009, in 2014 as it’s name suggests. The reason for this update was to include non-financial institutions into the network – as the codes we’re previously known as BIC (bank identifier codes).

Now, there are more than 7,450 active codes connected to the network, with another 10,000 codes ready to go to be used in manual transactions.

As you can see from the table above, Westpac has two (2) codes you can choose from for the operations in New Zealand. Compared the five (5) codes they have available in Australia.

You may have also noticed there are two separate entities listed – Westpac Bank and WestpacTrust. It’s extremely important you choose the right one before entering the code into the transfer.

We speak of money transfers, but these codes can also be used to send secure messages between banks. As of February 2017, you’ll be surprised to know 61% of the total SWIFT code usage growth was attributed to sending messages instead of transferring funds.

However, money transfers still remains king – holding 53% of the total SWIFT code usage around the world. Unfortunately, we were unable to find specific numbers on New Zealand or Westpac.

Does it cost money to use SWIFT codes?

Absolutely not. If you’re simply transferring money into a Westpac account in New Zealand, there is no need to worry about paying any money to use the codes at all. They are freely available for you to use in the table above.

However, and you may or may not already know this, but it’s highly likely your bank will charge an international transfer fee instead.

These have nothing to do with using SWIFT codes individually, but rather the transfer as a whole.

How quickly do transfers using these codes complete?

There are a range of different factors which need to be taken into consideration when answering this question.

The first step is to try and find out how many intermediary banks the transfer will go through. This can add hours or even days to the transfer and extra fees as well.

Overall, however, international transfers, and for those with Westpac, should not take longer than 72 hours to be received. If it is taking longer, we recommend you call Westpac directly to discuss the issue.

Find all the branches in New Zealand for Westpac here.

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