Foreign exchange (FX) is the process of exchanging one currency for another. It is a global market in which currencies are traded 24 hours a day, 5 days a week.
To exchange currency with ASB Bank, you can either visit your local ASB branch, call the ASB foreign exchange team, or use the ASB foreign exchange online service.
How does ASB Bank foreign exchange work?
If you are visiting an ASB branch, you will need to provide the teller with the amount of currency you want to exchange and the currency you want to exchange it for.
The teller will then give you the equivalent amount of currency at the current exchange rate.
If you are calling the ASB foreign exchange team, you will need to provide the customer service representative with the same information.
The representative will then be able to process your transaction and give you the equivalent amount of currency in your preferred format, such as cash, traveler’s cheques, or a foreign currency account.
If you are using the ASB foreign exchange online service, you will need to create an account and log in.
Once you are logged in, you will be able to enter the amount of currency you want to exchange and the currency you want to exchange it for.
The website will then show you the current exchange rate and the total amount you will need to pay.
You can then confirm the transaction and ASB Bank will send you the equivalent amount of currency in your preferred format.
Types of foreign exchange services offered by ASB Bank
ASB Bank offers a range of foreign exchange services, including:
- Cash exchange: ASB Bank can exchange cash currencies at its branches.
- Traveler’s cheques: ASB Bank can sell and exchange traveler’s cheques.
- Foreign currency accounts: ASB Bank offers foreign currency accounts that allow you to hold and manage your money in a foreign currency.
- International money transfers: ASB Bank can help you to transfer money to and from overseas bank accounts.
ASB Bank offers a range of foreign exchange services to its customers. ASB Bank offers competitive exchange rates and a variety of ways to exchange currency.
If you are planning to travel overseas, it is a good idea to visit your local ASB branch or contact the ASB foreign exchange team to discuss your needs.