Mondial Change Answers All Your Questions About NZD - New Zealand Dollar Accounts
How to open an NZD (New Zealand Dollar) account?
Opening an account is very simple.
- You send us your request to open an NZD account via the form on the left or through the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding NZD flows.
- Following this exchange, we assist you with the administrative formalities to open access to the services of one of our partners, selected based on your needs. We remain your sole point of contact for the entire client relationship.
- Once access to the services is validated, you can request the opening of your New Zealand Dollar account and any other eligible currency. The banking details of your NZD account are usually provided within minutes, and you can start receiving and making payments in NZD (New Zealand Dollar).
- If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.
What are the fees associated with opening an NZD (New Zealand Dollar) account?
Access to our services and the provision of currency accounts are completely free. Our remuneration is solely based on the exchange rate applied to your purchases/sales of New Zealand Dollars. This exchange rate is always communicated transparently before your transactions are validated.
Is the NZD (New Zealand Dollar) account a personalized bank account?
The New Zealand Dollar (NZD) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a New Zealand Dollar (NZD) account for more information.
In which countries can the NZD (New Zealand Dollar) account be located?
It may be useful for your NZD (New Zealand Dollar) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The NZD (New Zealand Dollar) account can be located in the following countries of your choice:
- France
- New Zealand
- United Kingdom
- Belgium
- Netherlands
You can consult the updated table of possible locations for NZD (New Zealand Dollar) accounts here: account locations
Is it possible to hold NZD (New Zealand Dollar) in the NZD account?
You can use this New Zealand Dollar account to receive or store NZD for as long as you wish, provided your account is active. You are automatically notified by email each time a New Zealand Dollar transfer is received in your NZD account. You can then freely reuse these NZD to make payments in NZD to your suppliers or convert your New Zealand Dollars, benefiting from very competitive exchange rates. You have no obligation to move funds on the accounts.
Is the NZD (New Zealand Dollar) account compatible for receiving NZD from marketplaces like Amazon or collection systems like PayPal?
Foreign currency payment collection systems like Adyen, Stripe, PayPal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your revenues in that currency are automatically converted into euros at often very unfavorable exchange rates, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale is made, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.
Besides NZD (New Zealand Dollar), what other currencies are available for account opening?
You can find all eligible currencies for opening a currency account by visiting this page.
Can checks, cash be deposited, or can the funds on my NZD (New Zealand Dollar) account be used with a bank card?
It is not possible to deposit checks or cash into your NZD (New Zealand Dollar) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at the moment.
Are account statements listing all transactions in NZD (New Zealand Dollar) available?
Account statements detailing all operations in New Zealand Dollars are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.
Can the entries of the NZD (New Zealand Dollar) account be integrated into an ERP or TMS like SAP, SAGE, AGICAP, or Kyriba?
All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You will find all NZD (New Zealand Dollar) movements in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your NZD (New Zealand Dollar) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.