Given its close proximity, it’s not surprising that New Zealand is one of the countries Aussies transfer the most money to. While there are numerous ways to send money to New Zealand, going through an international money transfer service is often the simplest. Once you have found a suitable service provider, you can send money – either in AUD or NZD – to any eligible New Zealand account (often within one business day).
Most international money transfer services will take a minimum of one business day to process your transfer. However, this timeframe may vary depending on your chosen service provider, when you’ve sent the money (public holidays and weekends could impact the transfer time), the transfer method (i.e. online, bank account, cash transfers) and the service provider’s identity verification process.
Generally one of the cheaper and more efficient ways to send money to New Zealand is through an international money transfer provider. These providers can offer competitive exchange rates, and some services may not have a limit on how much money you can send.
Similar to domestic transfers, you can transfer money to a New Zealand account through a simple bank transfer. However, bank transfers may not be as cost-effective as other transfer methods.
Cash transfers are preferable if the recipient doesn’t have a bank account, as the money can be picked up at selected agent locations. The sender can usually organise these payments either online or at an agent’s office.
You can obtain an international cheque from your local bank, which you can then post to your recipient in New Zealand. The amount you wish to send will be debited from your account in exchange for your cheque; your recipient can then cash it in at their local branch. This method may take longer than online money transfers.
To make an international money transfer to New Zealand, you’ll need the following details from the recipient:
Along with the recipient’s details, your international money transfer provider may also require your proof of identification before they complete the transfer.
To make an international money transfer to New Zealand, both the sender and recipient must have a bank account. However, certain providers offer cash transfers to customers who want to send money to someone overseas who doesn’t have a bank account.
This will depend on your service provider. Some international money transfer providers will have no limits for sending money to New Zealand, while others may have imposed minimum or maximum limits. For this reason, it’s important to shop around for the international money transfer provider that suits your needs.