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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 Monday, October 1, 2018 - 9:32pm
Institution Transfer Methods Transfer Options Transfer Fee Minimum Transfer Amount
torfx
Online, phone 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
OFX
Online, phone, mobile device 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
World First
Mobile device, online, phone 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
OrbitRemit
Online, mobile device (IOS & Android) and cash pickup Spot transfers Payments from NZ incur a $4 flat fee charge regardless of the amount of transfer $5 (NZD)
  • OrbitRemit offers the ability to 'Pay a Person' in the Philippines or Vietnam
  •  Funds can be delivered directly to your beneficiary's address, or made available for cash pick-up
  • We allow you to make tax, student loan or child support payments to the IRD, in Zealand for no fee
HiFX
Online, phone 1 - 3 day transfers. Spot Transfers, Forward Contracts, Regular Payments 0 for amounts of NZD $10,000 (or currency equivalent) and above $50 - $1,000,000 online. Larger transfers can be made via phone with a dealer
  • Collectively, HiFX and Ria (also part of Euronet Worldwide) are now the third largest money transfer business in the world.
  • Bank class security with SMS tracking notification on payment progress
  • First transfer fee free
CurrencyFair
Online 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.