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Money Transfers

You can save a huge amount of money by picking the right provider when you are moving money from country to country. There are many much cheaper options than the banks that are just as reliable. The first thing to do is read our Money Transfer Guide, find out how the whole foreign exchange process works, then pick the company that is right for you. Whether you are looking for a one off transfer of funds or to setup a relationship where you regularly move funds overseas, you'll find the right company here.

Last updated Sunday, October 20, 2019 - 11:35pm
Institution Transfer Methods Transfer Options Transfer Fee Minimum Transfer Amount
OFX
Online, phone, mobile app Same day, regular payment, limit/tailored orders $0 $250 (NZD)
  • Listed on the Australian Securities Exchange under the code OFX.
  • Partnered with Xero to enable integrated payments
  • $0 Fee transfers for users referred from finance.co.nz
torfx
Online, phone, Mobile app Spot Transfers, Regular Payments, Forward Contracts, Limit Orders $0 $300 (NZD)
  • Best exchange rate guarantee against any competitors rate
  • No transfer fees or bank charges
  • Speak to a personal account manager today
World First
Online, phone, mobile app Spot Transfers, Regular Payments, Forward Contracts $0 $2,000
  • Won the 2013 UK Customer Experience Award in the Financial Services - Banking and Investment category.
  • Achieved a 97% customer service rating on Feefo
  • Segregated client accounts
Send
Online, phone Spot Transfers No fee for online transfers $250 (NZD)
  • Set up recurring transfers –weekly, monthly, or whenever you choose
  • Get automatic alerts when a rate hits your target
  • As a Send customer, you’ll have access to our Send Visa card and our pioneering loyalty program, the first of its kind anywhere in the global payments industry.
CurrencyFair
Online, mobile app 2-3 days Spot Transfers On average customers pay around 0.35% of the total amount exchanged plus a fixed 3 Euro transfer fee No minimum
  • Rates are usually no more than 0.5% from the interbank rate and can often be far better than this
  • Peer to peer fx market place head quartered in Dublin
  • Transfer can only be initiated from European Union and European Economic Area countries
ANZ Bank
Online banking, phone banking, branch Up to 2 days for spot transfers From $7 depending on country and amount
  • The ability to input payment instructions via ANZ Internet Banking is available 24/7
  • Internet banking only available to ANZ customers who have registered for this service
Westpac
Online banking, branch Spot transfers $20 via internet banking or $30 if initiated in a branch
  • $20 for a International Payment initiated in Online Banking or a $30 fee for International Payments made in branch
  • Money transferred must be sourced from a Westpac account that you have authority to make withdrawals
  • Online banking initiated transfers for Westpac customers only

There are many alternatives to using your bank for transferring funds across countries, shopping around can read-more

Peer-to-peer (sometimes called P2P) lending is a fast-growing new way to borrow or invest money using the read-more

We've done some market research of our own to see how different money transfer providers measure up.