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How Long Do Bank Transfers Actually Take?

If we ask you, what is the most convenient method of fund transfer anywhere in the world, what would your answer be? Well, we don’t have to be mind readers to know that your answer is a bank transfer. And our topic of discussion today is how long does a bank transfer take between different banks NZ.

Did you know that the fastest payout online casinos for New Zealand players also accept bank transfers? We thought you would want to know what factors influence the timeline as well as how different banks perform.

Without any further ado, let’s get right into it.

Table of content

    What Determines How Long It Takes to Wire Money?

    Before we go into the processing times for making payments across different banks in New Zealand, let’s understand the process first. In this section, we’re outlining the factors that determine how long does a bank transfer take between different banks.

    Type of the Transfer

    The very first thing that controls the processing times for making payments in any country is the type of transfer. For example, internal transfers within the same bank network are usually instant, even on weekends. An external transfer, on the other hand, can take between 1 to 3 days.

    Some common types of transfers you can expect to find in New Zealand include:

    • Automated Clearing House (ACH)
    • Direct Debit
    • EFT
    • RTGS

    Time and Date of the Transfer

    What time you’re making the transfer is one of the main factors that determine how long does a bank transfer between different banks take. It’s simply because banks are not open 24/7 and interbank or international transfers are always cleared by a real human.

    According to the latest banking regulation in NZ, payments made between 9 AM and midnight are processed on the same day.

    Transfer Processing Times for Different Banks

    Now that you know the main reasons why bank transfers take time, let’s take a look at how some of the local NZ banks transfer payments from one account to the other.


    ANZ is one of the most popular banks in New Zealand for savings, growing your investments, as well as online casino transfers. All electronic payments at the banks are processed 7 days a week. Internal transfers are processed on the same day. Interbank or external transfers, however, have a 10 PM cut-off time. It means if you make a transfer after 10, the amount will be debited from your account but won’t be credited until the next morning.

    On public holidays, the payment may not be processed on the same day.


    ASB has a very similar process to ANZ. It’s simply because all banks in New Zealand use the same transfer protocols. So, sending money from one ASB account to another will take a few seconds. For a different bank account, it can take up to 1 hour if the transfer is made between 9 AM and midnight.


    Bank of New Zealand or BNZ is one of the most reliable local banks in the country. All transfers to other BNZ customers are processed immediately. It means if you choose an online casino and it has an account at BNZ, it’ll receive your payment instantly and vice versa. For external transfers, BNZ has a cut-off time of 11:55 pm.


    Just like most other banks, Kiwibank processes all of its payments between 9 AM and midnight every single day. Bulk payments have a cut-off time of 11:30 PM. The actual credit time to a different bank account may vary depending on that bank’s transfer policy.


    Thanks to the 7-day payment processing law in New Zealand, all of the banks are required to send their payments on the same, every hour. Yes, you guessed it right. The timing remains the same for Westpac, between 9 AM and midnight.

    TSB Bank

    Compared to all the other banks in our list, TSB Bank in New Zealand has a slightly shorter window. All bank transfers are processed between 9:30 AM and 9:30 PM every day. Also, this bank doesn’t process transfers on weekends.

    What is the Cost of Bank Transfers?

    Now that you know how long does a bank transfer between different banks takes, you might be wondering how much they cost. For the most part, almost all of the bank transfers are free! You may have to pay between 5 NZD to 35 NZD for manual payments at the branches.

    How Can Transfer Money Between Banks the Fastest?

    Here are fastest processing times for making payments based on what type of transfer you choose.

    ACH Transfer

    Automatic Clearing House or ACH is perhaps the fastest and most cost-effective mode of bank transfer in New Zealand. ACH is a verification destination for the transfers before they reach the final destination.

    Writing a Check

    Writing a check to the payee is also a very fast way of transferring money if the payee is going to the bank on the same day. It doesn’t take any longer than 5 minutes to cash out a check.

    Peer-to-Peer (P2P) Payment Apps

    If you don’t want to go through traditional banking channels to transfer money, you can opt for P2P services like Cash App, Circle Pay, Zelle, PayPal, etc.


    From our discussion, it’s apparent that bank transfers in New Zealand are fast, seamless, and cost-effective. All of the local banks process transfers every single day and for a broad window of time. It means you can easily transfer funds to your favorite online casino right before you want to play.


    How to do a bank transfer in New Zealand?

    You need a valid address in New Zealand and a local bank account to do a bank transfer. Just enter the beneficiary account name, number, branch, etc. details to authenticate the transfer.

    How fast are bank transfers in NZ?

    For the most part, bank transfers in NZ can take up to an hour if the transfer is made between 9 AM and midnight. Some banks have a shorter cut-off time so be sure to read the terms.

    How much can you transfer via banks in New Zealand?

    The limit for transfers varies depending on the type of your account and the bank’s policy. You can expect anywhere between NZD 5,000 to NZD 1,000,000 or more!

    Article by

    Oliver Scott

    Oliver is our gambling guru. All the texts on our site are written or edited by his professional hands. He played in most of the best New Zealand casinos which are on iCasinoreviews. 10 years in iGaming. Lots of conferences and tournaments. Everything to become the best casino expert for you.