Phaeosaces coarctatella is a species of moth in the family Oecophoridae. It is endemic to New Zealand and can be found throughout the country. The preferred habitat of this species is native forest however they can also be found in domestic gardens. Larvae shelter in hollow twigs or under bark and emerge at night to browse on lichens. They pupate within their shelter. Adults are on the wing from September to January and are variable in their appearance. They vary both in colour, from reddish brown to a greenish yellow shade, and also in the extent of the black marking on their forewings. They are nocturnal and are attracted to light.

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