Send Money from Australia to New Zealand

Discover the cheapest and best-rated international money transfer services to send money from Australia to New Zealand. 

We compare exchange rates, fees, speed, and security to find the best match for your needs.

0 AUD -> NZD
£
Mid-market exchange rate
1GBP=1.2540USD
+0.38%since yesterday
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Western Union
  • Speed
    0-1 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to MoneyGram
  • Speed
    0-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Revolut
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Instarem
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to WorldRemit
  • Speed
    Instant
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to PayPal
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to XE
  • Speed
    1-5 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Remitly
  • Speed
    0-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Wise
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to Send Payments
  • Speed
    1-2 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to OFX
  • Speed
    1-3 Days
    Payment methods
    Payment method: Bank transfer
    Payment method: Credit card
    Payment method: Debit card
    Payment method: Cash
    Fee & exchange rate
    Fee: 0
    Exchange rate: 0
    0 below the mid-market rate
    0
    Sum to Receive
    0
    Go to TorFX
Disclaimer: This widget compares different money transfer options based on the received sum, speed, and payment methods. Our comparisons are made using the available data, which we've collated from various sources, including company websites and user submissions. While we strive to provide the most accurate and up-to-date information, rates and conditions may vary, and promotions are not always reflected. Please note that while we aim for accuracy, all users should verify the details and legal conditions with the respective companies before making any decisions.
Last updated: 17/07/2024

How to transfer money from Australia to New Zealand

Step 1: Compare a range of money transfer companies using our comparison tool

Begin by exploring the array of options available to you. Nowadays, numerous companies can facilitate money transfers from Australia to New Zealand.

We've compiled 10 of them from our database alone. Each company presents varying rates, fees, and services. While some prioritise speed, others emphasise affordability.

It's crucial to find the perfect match for your requirements, focusing on key factors like:

  • Cost (including exchange rates and fees)
  • Safety (regulation)
  • Service quality and features
  • Customer satisfaction 

Utilising a comparison tool enables you to view your choices side by side, making it simple to identify the best deal at a glance.

On a 1000 transfer, banks may charge you up to 50, while opting for our cheapest provider could reduce your total cost to as low as 10.

Step 2: Sign up and get verified

Found your preferred service? Excellent. The next step is registration. 

You'll be required to provide some personal information before initiating a transfer. Expect your chosen provider to request ID to authenticate both your identity and address. Don't be alarmed – it's standard procedure aimed at safeguarding your funds.

Be mindful that onboarding times can differ. While some verifications occur swiftly online, others may necessitate additional scrutiny.

Allocate ample time to avoid haste and ensure you can proceed with your preferred provider smoothly.

Step 3: Set up your transfer

Upon approval, you're ready to set up a transfer. 

Specify the amount you intend to send and its destination. Do this either online, via an app, or by speaking to your dealer.

We'll delve into the specifics of the information required for routing an international transfer to New Zealand later on.

If you’re still unsure, don't hesitate to consult your provider; they possess the expertise to guide you through the process seamlessly.

Step 4: Agree to an FX rate

Currencies are traded 24 hours a day, all over the world. As a result, rates are constantly moving and timing your trade correctly can get you more NZD for your AUD.

Keep up-to-date with how the AUDNZD rate is trending and whether now is a good time to exchange. Currency brokers will give you bespoke guidance on when to trade, taking into account your unique situation and risk appetite.

You won't be offered the actual mid-market rate utilised by banks for interbank trading. Instead, the provider will present their customer exchange rate along with any applicable fees.

In most cases, you'll be responsible for determining the total amount you'll be charged inclusive of the exchange rate.

Once you're satisfied, pause to thoroughly review all details before proceeding.

Step 5: Fund your transfer and track its progress

Finally, you need to pay for your transfer. In Australia, you should be able to settle it using either PayID, OSKO, debit/credit card, or a standard bank transfer.

With certain providers, fees fluctuate based on how you pay, so make your selection carefully.

Upon funding, you'll receive a confirmation message. You can often track your transfer online or with an app, keeping you in the loop until your money arrives.

Sydney Opera House

How much does it cost to send money from Australia to New Zealand?

The cost of an international transfer hinges on two main factors:

  • Fixed payment fees
  • Exchange rate markup / variable fees

Different providers impose different payment fees and markups on exchange rates. So the ball is very much in your own court when it comes down to how much you pay. It’s just about choosing the right provider.

Let’s take a look at payment fees first.

As a general rule of thumb: 

  • Aussie bank fees range from small to large
  • Money transfer apps charge low payment fees 
  • Currency brokers do not charge payment fees

In Australia, you’re looking at anywhere between $0 and $32 in transfer fees, depending on your provider. These fixed fees quickly add up if you make frequent international transfers, but they represent a mere fraction of the total cost.

The exchange rate markup, occasionally presented as a variable fee, is a far bigger expense. Calculated as a percentage, it increases with the amount transferred and often dwarfs the payment fee.

Comparing quotes is the most important thing to see who comes out on top but you can use these as a guide:

Money Transfer ProviderGuideline Margin
Australian Bank2.5%+
Currency broker0.15% - 2%
Money transfer app0.4% - 1.2%
Remittance company0.8% - 4%

Based on sending 1000, you stand to lose roughly 1.5 to 50 in the exchange rate markup.

For large volumes, you could save thousands by choosing the right provider.

Cheapest way to transfer money from Australia to New Zealand 

The cheapest way to transfer money from Australia to New Zealand depends on how much you’re sending.

Should cost be a major factor for you, it's generally wise to steer clear of the following options in nearly all cases:

  • Traditional banks
  • Cash pickup services
  • Digital wallets (for instance, PayPal)

Go down one of these routes and you can easily lose 5%+ of your transfer.

Here’s what we recommend instead.

For transfers larger than AU$20,000, the cheapest way to send money from Australia to New Zealand tends to be via a currency broker.

Such brokers are primed for larger transfers. They provide attractive exchange rates with no fees, along with a dedicated account manager to guide you through the process.

But, for smaller amounts, you’ll get less favourable exchange rates.

Therefore, if you’re sending below AU$20,000, money transfer apps are your best bet.

The process is entirely self-service, without personal assistance. While most apps offer competitive rates, they typically include small fees.

The phone screen with transfer app.
Save money with a money transfer app or currency broker

How long does it take to transfer money from Australia to New Zealand?

Given Australia’s eastern locale, this generally works in your favour when you’re sending money abroad. As Australia’s working hours are ahead of the rest, you should find your money reaches most destinations while you hit the sack later that night.

But, you should generally allow for anywhere from 1-3 working days.

There are a number of factors that can hold up your transfer.

Transfers over the SWIFT network often involve ‘intermediary banks’, so you’re not just waiting for the sending and receiving party to do their part. Compliance-related reasons can delay payments too. It might be that you need to provide extra documentation before a transfer can be processed. Overall, banks tend to be the slowest route.

Using a specialist money transfer service can speed things up. 

If you send money to another user on the same platform, it’s almost instant. Even when you’re paying an external bank account, some money transfer companies can leverage their local settlement accounts across the globe to improve transfer times.

One final thing to be aware of – speed can also depend on how you pay for the transfer. Paying by bank transfer might add time, while a debit card will settle the trade immediately.

What details are required to transfer money to New Zealand?

When transferring money from Australia to New Zealand, you'll likely need a combination of the following:

  • Destination SWIFT/BIC 
  • Beneficiary details (account number, name + address)
  • Bank branch identifier
  • IBAN

Like Australia, New Zealand does not adopt the IBAN format. 

An IBAN contains everything a payment provider needs to know for them to get your money where it should.

In the absence of an IBAN, a bank’s SWIFT code, a bank branch identifier, and the beneficiary’s account details should provide all the required info to successfully route payments to an account in New Zealand.

Best way to transfer money from Australia to New Zealand in 2024

In the realm of money transfers, there is no universal 'best way'. Your choice should be based on your own preferences and needs.

Whether it's the quality of service, security, speed, or cost, choosing a service that meets your specific requirements is essential. You’ll find your 'perfect match' by comparing different options.

Remember, our database is regularly updated.

This comparison was last refreshed on July 16, 2024. Today's cheapest option for sending money from Australia to New Zealand might change by tomorrow.

If you’re concerned about security, rest assured that every service featured on MoneyTransferAustralia is regulated by ASIC. Regulation matters – it's a hallmark of safety and reliability.

Our comparison tool further enables you to scrutinise the speed, rates, and fees associated with each service.

Start your comparison journey below.

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