Top 10 Money Transfer Services - New Zealand
Bank beating exchange rates
Transfer 24/7, with highly competitive fees
Real-time transfer tracking updates
Advertiser Disclosure
Advertiser Disclosure
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Service
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Features
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Score
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Transfer Money Now
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Best for AUD-INR transfers
1
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No fees on transfers over £/$/€250
Transfer speed: 1-2 hours
Bank beating exchange rates
International transfers to 130+ countries |
NZD
 INR
Low
NZD
 AUD
Low
NZD
USD
Low
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FCA, FinCen, ASIC
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Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card ACH Direct Debit (US Only) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Money Transfer
Tracking
Live
Rates
Advanced
Currency Solutions
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Best for transferring home
2
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No fee on first transfer
Transfer speed is often within minutes
Transfer 24/7, with highly competitive fees |
NZD
PHP
Low
NZD
MYR
Low
NZD
THB
Low
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9.5
Review
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ASIC, AUSTRAC
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Time to Open Account
A few minutes
Sending Options
Bank Deposits, Mobile Wallets, Cash pickups
Receiving Options
Bank Deposits, Mobile Wallets, Cash pickups
Required Documents
ID Documentation
Mobile
Money
Phone
Support
App Store &
Google Play
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3
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No minimum transfer amount
Door to door cash delivery option |
NZD
INR
Med
NZD
PHP
Med
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FCA
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Time to Open Account
A few minutes
Sending Options
Credit/Debit Card
Bank Account Receiving Options
Bank Deposit
Cash Pickup Mobile Money Home Delivery Required Documents
Bank statements, ID Documentation
Mobile
Transfer
Phone
Support
Two-Factor
Authentication
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4
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Offers travel card on Google wallet
Holds more than 50 currencies |
NZD
INR
Med
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FCA
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Time to Open Account
A few minutes
Sending Options
Bank account
Credit/Debit Card PISP Swift Google/Apple Pay Receiving Options
Bank account
Required Documents
ID Documentation, Proof of Address
Travel Money
Mobile/App
Transfers
Multi-Currency
Card
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5
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Handy for paying family, friends & bills
Multilingual customer support |
EUR
TRY
Med
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8.4
Review
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FCA, HMRC
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Time to Open Account
2 minutes
Sending Options
Bank transfer
Credit/debit card Sofort Google pay Apple pay Mobile App Receiving Options
Bank Account
Card numbers Phone number Cash payouts Required Documents
ID, Proof of Address, Proof of funds, Phone number
30 minutes
delivery
Social Media
Support (FB)
Track
Transfer
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Latest Reviews
"After many hours of researching my best options for funding my daughter's overseas tuition, I went with XE.com and I am very satisfied with the cost being minimal and the process expedient."
Pros
- Fully regulated by the FCA, FinCen, ASIC, and FMA.
- $0 fees per transaction with highly competitive “mid-market” exchange rates
- Free accounts (personal & business)
- 139 currencies to over 220 countries and territories
- Instant and professional customer support 24/7
Cons
- Cheques and cash payments are not accepted
- Maximum transfer amount of US$500,000 (or currency equivalent)
"Have used MasterRemit several times - Very quick service from Australia to Kenya bank account. Far better service and lower fees than their competitors"
Pros
- Highly rewarding for existing customers
- Provide multiple options for sending and receiving money, including bank deposits, cash pickup, and mobile wallet
- Support is available over the phone, messenger, and email
- Fee-free for new customers 1st Transfer, they also run other promos too
- You can repeat previous transfers without repetition, ideal for small monthly payments
Cons
- Transfers are processed only after funds are received by MasterRemit
- No dedicated account manager
"I send monthly allowances to my siblings back home and I’ve been using various online remittance but after using Remitly, it has been an eye opening as I came to realise that all this time, I’ve been paying so much just for the fees only. Now I send money with no worries for fees".
Pros
- The delivery time is guaranteed, otherwise, they will refund your fees
- Smooth transfers for sending money to family and friends in your home country
- Express and Economy options for sending money
- Accepts debit cards, credit cards, bank deposits, mobile money, and more
- Both you and the recipients can track your transfer every step of the way
Cons
- Promotional offers are a little vague
- Double security steps can be somewhat of an annoyance to customers
How to Compare Money Transfer Services
Top10MoneyTransfer recommends checking the following features when comparing online money transfer companies so you can find the best provider for your international transfer.
Safety
Check your chosen money transfer provider is regulated by a government authority, to ensure your money is safe & protected when transferred. The main regulators include:
– FCA (Financial Conduct Authority), UK
– ASIC (Australian Securities and Investments Commission)
– FinCEN (Financial Crimes Enforcement Network), USA
Fees & Rates
Some money transfer services charge a fixed transaction fee, others take a percentage of the transfer sum, while some services waive the transfer fee completely. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully. Consider the above to find the most cost-effective solution for your transfer.
Customer Support
Check the customer support channels available are convenient for you. These generally include email, online chat, phone or online ticketing system. In addition, some money transfer services provide a personal account manager to assist with special transactions and important tasks. Try checking this beforehand, to avoid stress when you need help.
Sending & Receiving Options
It’s important to confirm the sending options offered by your preferred money transfer provider are convenient for you. You should also ensure that your recipient is able to easily collect the money sent. Common sending options include bank transfer or credit card. Common receiving options include bank transfer and cash pickup.
Transfer Amounts
Another important element to consider is the amount of money you wish to transfer. Some services offer better features and benefits for large transfer amounts or business transfers, while others better handle small transfer amounts or cash transfers. Use our comparison table to determine which provider best suits your money transfer needs.
Transfers from New Zealand
Safety
NZFMA, the main regulatory financial authority in New Zealand, is responsible for monitoring activities of New Zealand based financial services. It is highly recommended to use the services of a company registered and licensed by the NZFMA when making a money transfer from New Zealand.
Ease of Onboarding
Most top-rated New Zealand based money transfer services offer a completely digital account opening and user-authorization process. Any required proof of ID documents can be supplied digitally, eliminating waiting times. With this option, new customers are able to complete the onboarding process online, in just a few minutes.
Fees and Rates
New Zealand is at the center of the modern FinTech industry, hence you can find a lot of different money transfer services to choose from. This gives users the option to use a service that charges minimal or no transaction fees combined with fair mid-market exchange rates. You can save on average up to 8 times on rates & fees by using top services like XE instead of a high-street bank such as BNZ.
