The 60-second version
Cook Islands bank exit needs zero balance NOC, NZD conversion if needed, SWIFT to NRE, and Schedule FA for last FY.
NZD liquidity can be thin — convert before SWIFT cutoff at Avarua branch
ANZ Cook Islands / Bank of Cook Islands serve Avarua expats — obtain written closure NOC after final payroll credit.
NZD wires to NRE may route via AUD/USD correspondent — retain SWIFT copy for AD bank.
Tax lane: Cook Islands tax guide for residency exit.
Cook Islands bank wind-down
| Bank | Currency | Step |
|---|---|---|
| ANZ Cook Islands | NZD | Written closure |
| Bank of Cook Islands | NZD | Zero balance |
| Correspondent | AUD/USD | SWIFT trail |
| NRE | INR/USD | FIRC receipt |
Closure
Stop debits
Cancel cards.
Final payroll
Wait for credit.
NZD convert
AUD/USD if needed.
SWIFT NRE
AD bank Form A2.
Schedule FA
Last FY account.
Flow
Cook Islands bank kit
- Passport.
- Account stmt.
- Closure NOC.
- SWIFT.
- Tax clearance.
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Correspondent routing
NZD may need AUD/USD leg before Indian AD bank credits NRE — confirm FX desk hours early in exit week.
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FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Schedule FA?
Declare in last FY you held foreign account.
Brokerage?
No local exchange — bank custody only if held.
Form 67?
If overlap-year foreign withholding and India tax on same income.
Australia hub?
Australia tax guide if salary transited Sydney.
Retention?
Keep NOC and SWIFT 7 years Indian + 10 years US/UK.
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