Find the Best Way to Transfer Money to New Zealand
To find the best way to transfer money to New Zealand, you should compare your options. Even before you do that, it's important to understand how it actually works.
How to 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:
- Setting up an account usually takes 5-10 minutes and make sure you have some I.D. on hand
- Enter the bank details of the person or company you are sending the money to
- Pay for your transfer using a card or bank transfer
Now that you know how to transfer money to New Zealand, you can compare your options. We understand, this isn't easy.
Every bank and money transfer company offer different foreign 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.
What information do you need to transfer money internationally?
You usually need to provide the following information to your bank or money transfer service:
- Currency - select NZD
- Reason for transfer
- Your full name
- Bank account number
- Personal address
- Phone number
Overseas Bank Account details
- Bank's name
- Branch address
- the BSB (bank-state-branch) number or national clearing code
- Recipient international bank account number
- Recipient account full name
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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.
More helpful information, tools and videos
Here at The Currency Shop, you’ll learn how to save on transfer fees when sending money overseas from Australia.
Keeping your money safe
We've made sure that all the money transfer services and banks you compare are safe. Each company:
- Is regulated in Australia and New Zealand
- Holds an appropriate financial services license
- Have strict privacy policies
Frequently Asked Questions about Sending Money to New Zealand from Australia
How do I transfer money to a New Zealand bank account?
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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