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Find the best way to send money to New Zealand

Learn how to send money to New Zealand from Australia in our step-by-step guide.

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Looking for a way to send money to family, friends or a business in New Zealand (or even to your own bank account overseas)? According to MoneySmart, you should avoid Australian banks and go with a money transfer specialist to get better NZD exchange rates and lower fees on international transfers.

Based on the providers we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Xe Money Transfers can get money to your recipient in New Zealand within minutes.

Best ways to send money to New Zealand from Australia

The best way to send money to New Zealand depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Australian dollars or New Zealand dollars, money transfer specialists typically offer better rates and cheaper fees than a local bank. Providers add a markup ranging from 0.5% to 2% onto the mid-market rate.
  • Bank transfer. Bank transfers are an easy way to send money to New Zealand but charge extra for the convenience and are often slower. Based on our research, ANZ adds a markup of 2.70% when exchanging AUD to NZD. In comparison, CBA adds a markup of around 3.88% to the mid-market rate.
  • Cash pickup. If you need your money to arrive fast, doing a cash pickup with Western Union gives your recipient instant access to the money you've sent when they collect it from their agent location.
  • PayPal. PayPal is more known for digital payments and also allows users to transfer money overseas. They charge a fee of 5% of the send amount (minimum $0.99 AUD and maximum $5.99 AUD charge), making them suitable only for sending small amounts.
  • Mobile wallet. Mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.

Compare the best money transfer companies to send money to New Zealand

1 - 18 of 18
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Qantas Business Money
Within minutes
$0
Earn up to 100,000 bonus Qantas Points on your first currency conversion by 31 July 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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Cheapest way to send money to New Zealand

As reported by the ACCC, bank transfers are typically the cheapest way to get your money to New Zealand. Revolut and Xe Money Transfers have some of the lowest bank transfer fees of the brands we've compared.

Remember, it's more important to look at the overall cost of your transfer to New Zealand and this has a couple of elements:
  • Transfer fees. While still cheaper than your Australian bank, money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/NZD exchange rate.

Certain providers may give the mid-market rate but add fees on top and others will have low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many New Zealand dollars your recipient will end up with.

Fastest way to send money to New Zealand

Actual transfer times from Australia to New Zealand can depend on several factors including transfer amount, payment method and currency.

Here are some of the fastest average transfer speeds to New Zealand:
  • Revolut — within minutes
  • Xe Money Transfers — within minutes
  • Instarem — within minutes

Safest way to send money to New Zealand

The safest way to get your money to New Zealand is using a provider registered with Australia's industry regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Australia and New Zealand.

A great way to dive deeper is by reading our reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to New Zealand

If you need to make a sizable money transfer to New Zealand, consider using a provider such as TorFX or Xe Large Transfers to secure a better NZD exchange rate and benefit from its expertise handling larger transactions.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to New Zealand may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
  • Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the NZD exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can offer advice and help facilitate transfers.
  • Phone service. If you want to talk your transfer through with someone, providers such as TorFX and Xe Large Transfers can provide support over the phone.

How to send money to New Zealand from Australia

To send money to New Zealand, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to New Zealand. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their NZ bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total New Zealand dollars your recipient gets.
  5. Complete your transfer.
    Send your money transfer to New Zealand. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Liam transfers money to New Zealand

Liam is working in Australia as a financial analyst and he stays in regular contact with his elderly parents back home in New Zealand. His parents need some funds to help pay off a mortgage, so Liam plans to send them $2,000 from Australia.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 AUD = 1.09 NZD 1 AUD = 1.10 NZD
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 2,166.99 NZD 2,203.95 NZD

The money transfer company enables Liam to send an extra $36.96, which is transferred straight to his parents' ANZ Bank account.

How to choose a money transfer company for New Zealand

When selecting a provider to transfer money to New Zealand, here are the main factors to consider:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. However, not every money transfer provider offers the mid-market rate so compare the NZD you're offered to the mid-market rate to calculate the margin.
  • Transfer fees. Are you being charged a flat fee or a percentage of the transfer amount? A provider offering to transfer your money to New Zealand for a flat or low fee might work out better if you're sending a large amount.
  • Transfer type. Does your recipient have a NZ bank account or is cash pickup a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as MoneyGram offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value.
  • Transfer limits. Find out how much you can send with each service. For example, MoneyGram has a transfer limit of $13,750 while Revolut allows unlimited transfers.
  • Discounts. Providers may offer you a free transfer simply for signing up. Others may give a discount for transferring more than a specific amount of New Zealand dollars.

Is this a good time to send money to New Zealand?

Compared to a month ago, the Australian dollar is stronger against the New Zealand dollar. Currently, $5,000 is worth $5,544.50, whereas a month ago, $5,000 was equivalent to $5,391.50. That's an increase of 2.84% over the past month.

Similarly, compared to a year ago, the Australian dollar is again stronger against the New Zealand dollar. A year ago, $5,000 was equivalent to $5,373.50. That's an increase of 3.18% over 12 months.

So based on those two data points, yes, it's a relatively good time to send money to New Zealand, and your Australian dollars will go further than they would have. But what's more important, however, is the strength of the Australian dollar against the New Zealand dollar and where it goes from here – which is harder to call.

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Frequently asked questions

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Written by

Associate editor

Helen Champion was an associate editor at Finder. She has worked in communications for over 16 years and currently writes on a range of topics including insurance and money transfers in the hope of empowering people to make better financial decisions. During her broadcast career, she helped to produce hundreds of news and breaking news reports for Associated Press TV and ITV News. And in public relations, she managed several high-profile public relations campaigns for Macmillan Cancer Support, the General Medical Council and overseas for Qatar Foundation on behalf of BLJ Worldwide. Helen has a Bachelor of Arts in Journalism from the University of Lincoln, a passion for practising karate in the dojo and a deep love of making mischief with her sons. See full bio

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2 Responses

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    PeterJanuary 29, 2016

    Hello
    Question would you consider adding finding limos for example ?

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      ShirleyJanuary 29, 2016Finder

      Hi Peter,

      Thanks for your suggestion! We hope to be launching Limo Finder soon.

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