Find the Best Way to Transfer Money to New Zealand

8 Cheaper Ways to Transfer Money to New Zealand From Australia

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:

  1. Setting up an account usually takes 5-10 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 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.

Compare cheaper ways to send money from Australia to New Zealand

How to find the cheapest way to transfer money to New Zealand

Banks and money transfer services will offer different exchange rates and fees depending on your amount. To find the cheapest option, you really need to compare the total cost of the transfer based on your amount.


Enter your amount Banks and money transfer services offer different rates and fees depending on how much you transfer


Compare your options Your comparison is ranked from cheapest to most expensive


Learn more To learn more about how it works, go to their website

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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?

Transfer details

  • Amount
  • Currency - select NZD
  • Reason for transfer

Your details

  • 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:

How much will it cost to transfer money to New Zealand from Australia?
  • 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.

Knowledge centre

for everything you need to know about converting and sending money abroad.

Currency converter

to find today’s exchange rates.

Money transfer comparison tool

to find the cheapest rates and lowest fees.

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?


Register your details To transfer money internationally, you'll need to register first. Make sure you have valid ID like your passport or driver's license


Provide online money transfer details Your money transfer service will need to know the foreign currency, amount, and the account or person you’re sending money to


Pay for your transfer Choose how you want to pay for the transfer. Your bank or money transfer service will then convert the money and send it overseas

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.

Your currency knowledge centre

5 Cheaper Ways to Transfer Money Overseas

Using a bank is one of the easiest ways of transferring money overseas, but can also be the most costly. There are alternatives that can make the whole process cheaper.

International Money Transfer Comparison and Reviews

Find the best international money transfer exchange rates to send money overseas from Australia. Compare the rates and fees from leading banks and money transfer services.

How to Transfer Money Overseas from your Australian Bank Account

Transferring money overseas from your Australian bank account is simple once you know how to do it, but you might be short on time to figure it out.

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