Find the Best Way to Send Money to New Zealand

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Some of the best money transfer services to send money to New Zealand

8 Cheaper Ways to Transfer Money to New Zealand From Australia
  1. TransferWise is incredibly popular in Australia and NZ because of their transparent exchange rates and fees
  2. TorFX don't charge a fee and improve their exchange rates for larger amounts making them a good choice for expats
  3. WorldRemit is better for smaller remittances to family and friends
  4. WorldFirst is a good option for small to medium size business with a good range of products and services for e-commerce
  5. XE Money Transfers are one of the largest and most reputable money transfer companies in the world
  6. SendFX is one of the cheapest ways to send money to the NZ with no transfer fee and good exchange rates
  7. OFX are an online money transfer service with offices in both NZ and Australia
  8. Currencies Direct offer an easy to use online platform, fee free

In this guide

When transferring money to New Zealand from Australia there are lots different companies. How do you quickly check all the companies and their exchange rates? Easy. With our comparison table, it will show you the cheapest money transfer option when sending money to New Zealand from Australia.

We will also share with you:

Need to send money to Australia from NZ instead? Learn more here.

How to transfer money to New Zealand from Australia

How can I transfer money to New Zealand from Australia?

While each bank and money transfer service is different, you will always need to follow these steps to transfer your money safely and quickly:

  1. Setting up an account usually takes 10 minutes and make sure you have some I.D. on hand
  2. Enter the bank details of the person or company you are sending the money to
  3. Pay for your transfer using a credit card or debit card, bank transfer or wire transfer

Now that you know how to transfer money to the New Zealand, you can compare your options. We understand, this isn't easy.

Every bank and money transfer company offer different exchange rates and transfer fees depending on how much you want to send.

That's why using our table compares the total cost of the transfer, based off the amount of your transfer.

How much will it cost to make my international money transfer?

There are 3 fees you'll usually be charged for your money transfer abroad:

  • Exchange rates - The better the exchange rate, the more money you get in the bank account in New Zealand. Money transfer services that offer better exchange rates will usually charge you a separate transfer fee.
  • Transfer fees - These can range anywhere between $0 to $5. Some online transfer companies offer fee-free transfers for sending large amounts of money. These companies usually charge a slightly worse margin on their exchange rate, but are still better than bank fees.
  • Hidden fees - You or the person you're sending money too will often get charged a bank receiving fee or banks intermediary fee of approximately $25 each.
How much will it cost to transfer money to New Zealand from Australia?

What information do you need to transfer money internationally?

You usually need to provide the following information to your bank or money transfer service:

What information will I need to transfer money to New Zealand from Australia?
  • Your personal information: Your full name, address and date of birth. For security reasons they need your photo id scanned or photographed. You can use your mobile phone to take a photo and send.
  • How you wish to pay: Your bank details, account numbers and address or debit/credit card details.
  • The full name and address of the person you wish to pay.
  • New Zealand bank account details, the name on the account, the IBAN or SWIFT code and the BSB (bank-state-branch) number or national clearing code.
Helpful hints

- Make sure your photo is of a high quality so they can see the picture
- Make sure your personal id is valid and within the expiry date
- You can't give your work/office address or PO box address

Here is a list of the IBANs or SWIFT codes required for New Zealand's top 4 banks:

Bank Name SWIFT / BIC Code
ANZ Bank New Zealand Limited ANZBNZ22
Bank of New Zealand BKNZNZ22
Westpac Bank WPACNZ2W

How can I send very small regular amounts to New Zealand?

Can I send money to New Zealand with a neo bank?

If you have family in New Zealand then you might need to frequently send them small amounts for birthday gifts, Christmas gifts or the be part of a family surprise gift. Two great options are WorldRemit and TransferWise.


Sending money to the New Zealand is very quick on your mobile, very small transfer fees and close to mid market exchange rates. WorldRemit offer same day bank transfers to New Zealand with fees starting at $1.99.


With TransferWise sending small amounts to New Zealand is affordable and fast. For example, you might send 7 lots of A$30 over 12 months to family in the US. The cheapest bank transfer would cost you roughly A$65 in total transfer fees. It'll only cost you A$8 with TransferWise

How do I send medium amounts of money to the United Kingdom?

How do I send medium amounts to New Zealand?


TransferWise has been a major player in the money transfer industry for over 10 years. It offers a consistent and transparent way to send money to over 71 countries. They are very competitive in the under A$50,000 range.

However, TransferWise can be less competitive with larger amounts, because they charge a percentage based transfer fee. TransferWise also offer great products such as their Borderless account with a Mastercard Debit Visa card.

How do I send large amounts to the United Kingdom?

Transferring large amounts of money cross borders can be very scary but not with TorFX or OFX. These two companies have built solid reputations for transferring large amounts over the years for emigration, retirement, inheritances and buying or selling property overseas. They are a trusted options when sending large amounts from Australia to New Zealand.


TorFX offer a dedicated account manager who is available to contact on the phone. TorFX understand that clients who move large sums of money want to speak with someone directly about their money transfer. They don't charge transfer fees and they add a small mark up on the exchange rate.

Can I send money a medium amount to New Zealand?


OFX specialise in sending large sums of money from Australia to the United Kingdom and charge no transfer fees for transfers over A$10,000. Transfers under A$10,000 attract a A$15 fee. They offer a quick online registration and 24/7 customer support.

What are the limits and tax implications on money transfers to New Zealand?

How much money can I transfer from Australia to New Zealand?

There are no limits on the amount of money you can transfer to a New Zealand bank account. Your money transfer service or bank might have a restriction, however these are sometimes as high as $1 million per transfer. Some money transfer services do not have maximum limits.

New Zealand has no taxes on gifts, so sending money to New Zealand is not taxable. They have a progressive tax system similar to Australia and a double taxation agreement between the two countries to avoid being taxed twice on the same income.

In the case of a large transfer of money to New Zealand for an inheritance or the sale of property, as long as you have paid the foreign country taxes and the country has a double taxation agreement with New Zealand, you should not pay tax with New Zealand.



Keeping your money safe

One of the main questions people ask us is “will my money be safe online?" The answer is yes.

We've made sure that all the money transfer services and banks you compare are safe. Each company is :

  • Is regulated in Australia (AUSTRAC in Australia) and New Zealand
  • Holds an appropriate financial services license - with ASIC in Australia
  • Have strict privacy and verification policies - this is to ensure they fully identify all of their customers. They invest in identity protection, fraud prevention and encryption to create a secure connection with your browser when you register and login into their online services.
Transfer Money to New Zealand Online Safely

Frequently Asked Questions about Sending Money to New Zealand from Australia

How can I pay for my money transfer to New Zealand?

Depending on your provider, there are several different ways to pay for your currency exchange. Many providers accept direct bank transfers, wire transfers, or debit cards or credit card payments. They may charge a small additional fee, depending on how you decide to pay.

How long does it take to send money to New Zealand?

It depends on the provider you choose, how you pay for the transfer and how the recipient wants to get the New Zealand dollars. Most international transfers to New Zealand via a money transfer service will take 0 to 2 days.

How does The Currency Shop make money?

The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.

Is it safe to use The Currency Shop to compare?

Yes. The Currency Shop holds an Australian Financial Services Licence (ASIC) (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.

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Need a hand? Call 1800 004 930 or send us an email.

By Justin Rampono Updated March 5th, 2021