BNZ Joins New Zealand's Funds Transfer Scheme, Expanding Options for Filipino Students
Bank of New Zealand (BNZ) has been added to Immigration New Zealand's Funds Transfer Scheme (FTS), providing eligible international students, including those from the Philippines, with an additional option for securely managing funds while studying in New Zealand.
Immigration New Zealand has announced that the Bank of New Zealand (BNZ) is now a provider under its Funds Transfer Scheme (FTS), offering eligible international students, including those from the Philippines, an additional option to manage their finances while studying in the country. This development, effective October 7, 2026, expands the choices available to students enrolling in New Zealand universities and polytechnics.
The FTS is designed to provide a secure method for international students to transfer and hold necessary funds for the duration of their studies in New Zealand. This scheme is particularly relevant for eligible students from several countries, including China, India, Nepal, the Philippines, Sri Lanka, and Vietnam. Alongside ANZ, BNZ will now cater to students attending universities and polytechnics, while ANZ continues to serve students at Private Training Establishments, as reported by Immigration New Zealand and Erickson Immigration Group.
With BNZ's inclusion, students now have greater flexibility in choosing a financial provider that best suits their needs before commencing their FTS application process. Immigration New Zealand advises students to compare the options available to ensure a smooth and secure financial arrangement for their educational journey in New Zealand.
Key facts
- Bank of New Zealand (BNZ) is now a provider under Immigration New Zealand’s Funds Transfer Scheme (FTS) as of October 7, 2026.
- This provides eligible international students at New Zealand universities and polytechnics with an additional choice for transferring and holding their required study funds.
- The FTS offers a secure method for eligible students from countries including China, India, Nepal, the Philippines, Sri Lanka, and Vietnam to manage their finances.
- BNZ will serve students attending universities and polytechnics, while ANZ remains available for Private Training Establishment students under the scheme.
Official sources
Kislap reports this story for general information only. Nothing here is immigration, legal, financial, tax, medical, employment, or other professional advice; check official sources and speak with a qualified professional before acting.