Best ways to transfer money to New Zealand from Australia | Finder

How to transfer money to NZ from Australia

Send money to New Zealand using an international money transfer service and you could beat the bank's rates.

Promoted

Wise (TransferWise)

Wise (TransferWise) logo
  • Fair service fees and mid-market rates – a major market differentiator
  • Next-day delivery for most currencies
  • Easy-to-use app
Go to site

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Sending money to New Zealand from Australia has many benefits. Because it's our closest neighbour, you'll have plenty of choices when comparing transfer services. Before you get started on a transfer, compare fees and exchange rates of top providers to be sure you're getting a good deal.

How we chose these services

Top picks are our selection of some of the best money transfer products and services on Finder, but we haven't compared every brand in the market. We've included them on some pages to help you make decisions faster, but keep in mind that our top pick may not always be the best fit for you. Read our full methodology here to find out more.

Compare international money transfers to New Zealand

Our comparison calculator lets you compare current fees, exchange rates, transfer speeds and other details about sending your money overseas. Enter the amount you're transferring, and see how much will arrive to New Zealand.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 3.99 1.077 NZD
5,382
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
AUD 250 1 - 2 days AUD 15.00 1.075 NZD
5,359
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 1.072 NZD
5,359
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.
Go to site Show details
AUD 2,000 1 day AUD 0.00 1.072 NZD
5,359
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 10.00 1.072 NZD
5,348
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 1 1 day AUD 31.00 1.083 NZD
5,380
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 1 Same day AUD 0.00 1.077 NZD
5,386
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 1.075 NZD
5,372
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 1.074 NZD
5,366
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 25.00 1.083 NZD
5,386
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What's the best way to send money to New Zealand?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to New Zealand. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you'll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like XE and Wise specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient's New Zealand bank account, often in as little as a day or two.

Cash transfers

Services like WorldRemit and Western Union allow you to transfer cash for pickup at a local branch in New Zealand — often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees.

Banks

New Zealand dollars are a popular currency with Australian banks. However, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a bank transfer to New Zealand.

Let's crunch the numbers: Sending $1,000 to New Zealand

Let's say you need to send $1,000 to family in New Zealand. Here's what you might face as far as fees and exchange rates as of 11 November 2020.

Digital money transfer serviceCash transferBank transfer
Fee$6$18$9 + additional correspondent bank fees
Exchange rate1 AUD = 1.07 NZD1 AUD = 1.04 NZD1 AUD = 1.04 NZD
Transfer speed1-2 dayMinutes2-5 days
Amount receivedNZD 1,060NZD 1,036NZD 1,026
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in New Zealand. If you go with the digital money transfer service, your recipient ends up with NZD 34 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to New Zealand in as little as 15 minutes, just make sure there is a cash pickup location near your recipient before sending.

How to send money to New Zealand online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If transferring to a bank, you'll need their New Zealand bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to New Zealand. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to New Zealand

  • Bank transfers. Many major Australian banks will allow you to send money to New Zealand.
  • Money transfer providers. Providers like Ria and Wise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Australia to New Zealand.
  • Checks and money orders. Although not a quick option, you could send an international check overseas if needed.

How to get the most out of your money transfer to New Zealand

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to New Zealand to best meet your needs:

  • Exchange rates. The AUD-NZD can fluctuate, so using a service that allows you to lock-in exchange prices may help you save money down the line if the New Zealand dollar rises against the Australian dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger AUD-NZD exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the number of New Zealand dollars you're sending to New Zealand.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to New Zealand.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you're sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a New Zealand bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to New Zealand

When urgency trumps cost to get your money to New Zealand quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to New Zealand without a bank account

Cash transfer services can help you if you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

New Zealand's exchange rates explained

The exchange rate determines how much one country's currency is worth in another country's currency. When a country's currency is strong, it yields more money when exchanging it in a country with a weaker currency. New Zealand's exchange rate is flexible compared to the Australian dollar, and the AUD-NZD relationship fluctuates often. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today's exchange rate AUD to NZD

1
0
Updated: 16 Apr 2021 14:06:19 UTC

Documents needed for sending to and receiving money in New Zealand

To send money to New Zealand from Australia, you'll need government-issued ID and other documents, while documents needed to pick up money in New Zealand may be different by company.

Documents to send money from Australia

To send money from Australia to New Zealand, you'll need documentation and details that include:

  • Identification. Most services require a driver's license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient's name as it appears on their ID, along with their phone number and New Zealand bank account information.

Documents to receive money in New Zealand

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer's confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A New Zealand Passport, New Zealand ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

What to watch out for

Sending money to relatives or family members in New Zealand may be subject to taxes on the money transfer, but it depends on a lot of variables. In general, any large transfers being sent from Australia to New Zealand should be reported to your tax agent to avoid any penalties with the ATO.

Learn more about using the New Zealand dollar in New Zealand

Bottom line

Sending your hard-earned money to New Zealand shouldn't cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

    Default Gravatar
    PeterJanuary 29, 2016

    Hello
    Question would you consider adding finding limos for example ?

      Avatarfinder Customer Care
      ShirleyJanuary 29, 2016Staff

      Hi Peter,

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

Go to site