In plain English
University and polytechnic students can now choose BNZ or ANZ to transfer and hold living funds. Private Training Establishment students continue with ANZ.
Key points
- The scheme is open to eligible students from China, India, Nepal, the Philippines, Sri Lanka and Vietnam.
- Compare providers and apply to one before starting your FTS application.
Who’s affected
Eligible international students.
What you should do
Choose your bank before you begin the FTS application.
Immigration New Zealand, “BNZ joins the Funds Transfer Scheme for students”, published 7 October 2026. Read the full announcement. Summary by Destination NZI; INZ content © Crown, licensed under CC BY 3.0 NZ.
Related visas
For students paying international fees themselves or with family, loan or partial scholarship support. Needs an offer of place.
- Stay
- Up to 4 years
- INZ visa fee
- From NZD $850
- Processing
- 80% within 7 weeks
+ our service fee, quoted upfront
Study up to 3 courses back to back on one visa with a Pathway offer of place and the funds for fees and living costs.
- Stay
- Up to 5 years
- INZ visa fee
- From NZD $750
- Processing
- 80% within 7 weeks
+ our service fee, quoted upfront
Brings your children to primary or secondary school while you hold an eligible work or student visa.
- Stay
- Same as the parent’s visa
- INZ visa fee
- From NZD $750
- Processing
- 80% within 8 weeks
+ our service fee, quoted upfront
