Sending money to New Zealand is as just as easy as sending money to Australia. Australian expats living in New Zealand and New Zealand expats living in Australia have surely realised how much you can lose on transfers between the two countries. Banks will charge the highest fees and offer the worst foreign exchange rates, despite promising the best service. Don’t be surprised at fees of more than AUD20 for even small international transfers to New Zealand. Top commercial, non-bank, options of sending a wire between Australia and NZ below:

Easy Sign Up for Australians and New Zealanders

Large Trading Volumes, Tens of Thousands of Clients

30 Offices Across the Globe

Dedicated Dealers, Free Guidance on The Currency Markets

Pay Online or Through Telephone

Recently Acquired by Venture Capital for more than $250,000,000

  If you need to move money between Australia and New Zealand, your no different than hundreds of thousands of private clients and thousands of businesses every year who are moving money through this corridor:

 Service and Availability

Do you require some personal care from your banker / dealer? In banks – you get a random dealer from the bank’s trading floor to make the transaction. That person will not become your personal dealer whom you can contact with further requirements in the past, nor will be able to set up things like forward contracts on your behalf. That bank employee will serve you with your current requirements and leave you be. With FX companies – your dealer becomes your personal dealer. You will deal with him for as long as he works for the company, and he will know your particular requirements and needs, and be able to offer you better rates the more you trade with him. That dealer will be to guide you as a client on when is the right time to make a currency exchange (when the market is in your favour).
Currency & Transfer Availability Banks often have limitations on currencies, and will either not handle smaller currency pairs, or define them as “exotic” pairs (which means you’ll be paying higher spreads for them). Banks will take up to 4 days to transfer funds inside Europe, and it can easily take a week or more to transfer funds to New Zealand. Currency brokers usually deal with a variety of currencies (if you need to transfer between two fairly uncommon currencies we suggest you try World First which handle over 100 currencies). They will transfer promptly, in less than 4 days, and will offer you a same-day-transfer for a small fees of 10-20 Pounds.


Transfer Money To New Zealand for Cheap in 3 simple steps

Sign up to one of the our recommend companies. Provide documentation about your identity (could take a few days to complete if you are from outside the UK, because of the anti money laundering and KYC laws which are in place).

  1. Get a free online quote from the platform, after specifying the amounts and currencies involved in your transfer.
  2. Approve the quote, and send money in your local currency to a third party account.
  3. Money will be exchanged to foreign currency upon the agreed rate (to or from New Zealand Dollars), and move to a bank account of your specifications.

Generally speaking, our recommended companies  will support transfers to all major Kiwi banks like:

  • ASB Bank
  • New Zealand Banking Group
  • Bank of New Zealand
  • Westpac
  • Kiwibank
  • SBS Bank



Money transfer when buying property in New Zealand

Many expats (or even those currently residing in Australia) spend on more than just day-to-day needs. New Zealand has many options for passive investment. Real estate is just one of them, but the most popular. Today, the average house in Auckland, New Zealand will lighten your pocket of over NZD700,000. It’s a worthwhile investment though, with rental fees in Auckland generating NZD2,000 on average every month. Big investments between the two countries will require regular transfers of sizable amounts. When you use your bank for these transfers, you’ll pay approximately NZD14,000 extra for one property! Independent money transfer companies will be significantly cheaper with markups of only 0.5% or less for a transfer this big. That comes to NZD3,500 in fees.  


Australians in New Zealand – a report

Being close neighbours and culturally similar, New Zealand is a popular destination for Australian expats. At present, there are approximately 70,000 Australians living in New Zealand. The Trans-Tasman Travel Arrangement enables Australians and New Zealanders to migrate between Australia and New Zealand. Migration used to be far more common from New Zealand to Australia than the other way round, but over the past few years, the tide has changed. Australians are moving to New Zealand due to its soaring economy and political stability. Australians don’t need to apply for a New Zealand tourism visa. If you intend on working or residing in New Zealand indefinitely, you can get a resident visa at the airport on arrival.

New Zealanders in Australia – a report

Australia has long been a popular destination for New Zealanders. For a long time, Australia was seen as having a more exciting cultural life, better job opportunities, and a better economy. Fortunes have changed, and less New Zealanders are moving to Australia than the other way round. You don’t need to apply for an Australian Visa if you’re traveling, as you will receive one on arrival. If you intend on working or residing in New Zealand indefinitely, you can stay indefinitely on your “temporary” visa.


The AUD/NZD pairing 

The NZD is the tenth most traded currency in the world, while the AUD is the fifth most traded. The exchange rate from NZD to AUD, and from the AUD to NZD, has mostly been favourable towards the AUD, due mostly to Australia’s stronger economy. In the past 10 years, AUD1 has been able to purchase between NZD0.99 and NZD1.37, with an average of NZD1.19. The two currencies are never too far off from each other, and small changes can make a big difference.


Approximately 70,000 Australian citizens are living in neighbouring New Zealand. Money transfer fees and exchange rates are inevitably going to make a big impact on expats’ pockets. Banks generally take advantage of their customers’ trust, and charge exorbitant rates. They also hide fees in their inferior exchange rates. Using an FX transfer firm will save you thousands on fees, and will take away the stress of regular transfers. Australia has long been a more popular destination for New Zealand migration. However, the trend is turning around, with more Australians now moving to New Zealand. The AUD and NZD are always relatively close. Small changes do happen to the pairing, which can have a significant impact on expats and investors alike.

View More Locations

Additional data about New Zealand’s international trade:

The NZ/Australia import-export analysis

Australia and New Zealand are close trade partners, especially since the Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) was signed in 1983. This agreement allows Australia and New Zealand access to each other’s markets. In 2014, trade between the two countries equalled AUD23.4 billion. ANZCERTA has played an important part in building and maintaining trade between the two countries. It ensures that no tariffs or customs, or trade restrictions, come in the way of economic growth. Another important aspect is that mutual recognition of goods and occupations also makes movement of skilled workers smooth and unimpeded, since qualifications and training received in one country are automatically applicable in the other. One of the few cases in which Australia and New Zealand faced decades of tension was the import of apples from New Zealand to Australia. A ban dating back to 1921, due to the fear of fire blight disease, continued until 2010 when the World Trade Organisation ruled against it. This, however, is due more to Australia’s strictness in oversight when it comes to the possibility of transported diseases than any weakness in Australia and New Zealand’s trade agreements.

Concluding Words

Moving money to New Zealand from Australia and vice versa is extremely common because of the strong emigration and business ties between the countries. They are the nearest neighbors and more so the only two developed countries in this region of the world. International money transfers are relatively expensive between the two currencies as the NZD is considered exotic.