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Top 3 Money Transfer Providers for Australia to New Zealand

Provider Amount Received Fee Exchange Rate Speed
TorFX TorFX NZD $10,528.62 No Fee 1.0529 1-3 days more...
OFX (prev. OzForex) OFX (prev. OzForex) NZD $10,507.39 No Fee 1.0507 1-3 days more...
WorldFirst WorldFirst NZD $10,560.46 No Fee 1.056 1-3 days more...
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AUSTRALIA
The central bank does not target a specific value for the AUD Read More
NEW ZEALAND
New Zealandis very open to overseas money transfers and investment Read More
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Top 10 Money Transfer Providers

Latest prices for transferring money from Australia to New Zealand
Exchange Rates as of 8 July 2020, 10:00

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

More InfoLess Info
FXcompared Rating
Amount Received
NZD $10,528.62
AUD $297.33
saved vs. banks

OFX (prev. OzForex)

Est. 1998
Celebrated international money transfer service connecting our customers when it matters most. Best-in-class global payments provider for people and businesses for over 17 years.
More InfoLess Info
Amount Received
NZD $10,507.39
AUD $277.33
saved vs. banks

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

More InfoLess Info
Amount Received
NZD $10,560.46
AUD $327.33
saved vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

More InfoLess Info
Amount Received
NZD $10,422.48
AUD $197.33
saved vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

More InfoLess Info
Amount Received
NZD $10,516.94
AUD $286.33
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More InfoLess Info
Amount Received
NZD $10,507.39
AUD $277.33
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

More InfoLess Info
Amount Received
NZD $10,528.62
AUD $297.33
saved vs. banks

Average Australia Bank

Est. 1800

Average of the top 9 Australian Banks costs as compiled by our own FXC Intelligence group

More InfoLess Info
Amount Received
NZD $10,078.60
No saving vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More InfoLess Info
Amount Received
NZD $10,518.00
AUD $287.33
saved vs. banks

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More InfoLess Info
Amount Received
NZD $10,518.00
AUD $287.33
saved vs. banks

How to Transfer Money from Australia to New Zealand

What is in this guide

Australia to New Zealand Guide

Summary

The closeness of economic and political relations between Australia and New Zealand is manifest in the number of benefits and exemptions for Australian citizens in New Zealand compared to other all other foreign nationals. There are no restrictions on transferring money from Australia to New Zealand.

Visas, work permits and residency

Australian Nationals are generally allowed to work and live in New Zealand if they have a valid Australian passport and are of good character. All other nationals require visas and work permits.

Additionally, if you are an Australian permanent resident planning to move to New Zealand with a valid passport, you will typically be granted a residence class visa (at the airport) which allows you to enter and work or study in New Zealand.

Buying property in New Zealand

Permanent residents of New Zealand do not have restrictions owning property. An Australian national resident in New Zealand may approach the property market and rent or purchase land in the same way that New Zealanders can. Restrictions do not apply to the size of the plot or the value of the land.

Australians who are not residents of New Zealand may be classified as an overseas person. In this instance, they need to obtain approval under New Zealands Overseas Investment Regulations to be able to buy significant assets in New Zealand. The definition of significant assets is business or property valued at more than NZ$50m, property over five hectares in size or worth more than NZ$10m, and sensitive land over 0.4 hectares, which is typically located on islands or linked to wildlife reserves. Ownership levels under 25% would typically not be deemed control and are not restricted.

Australians seeking to invest in New Zealand who are not New Zealand residents should seek specialist advice to understand whether they fall under the conditions described in Visas, work permits and residency.

Taxation

New Zealand residents in Australia will be taxed on their income earned there, independent of whether the money is transferred back to New Zealand or not since New Zealand tax residents are generally taxed on their worldwide income. Australian citizens in New Zealand are subject to tax on their income earned in New Zealand activities.

Voting

New Zealand permanent residents who are Australians who have one years residency and are at least 18 years old are eligible to vote in New Zealand.

Australians studying in New Zealand

Australian citizens as well as permanent residents are classified in New Zealand as domestic students and therefore are not required to have student visas if they wish to study in New Zealand.

Reciprocal healthcare agreement

Australia has a reciprocal healthcare agreement with New Zealand. This means that Australian citizens and permanent residents of Australia who are only temporarily visiting New Zealand are able to access public hospital services, medication, or maternity services on the same terms that would apply to New Zealand nationals. There are some restrictions depending on the extent of the care.

Importing from New Zealand to Australia

Australia and New Zealand have one of the closest economic relationships in the world, with the Australia New Zealand Closer Economic Relations Trade Agreement (known as ANZCERTA or the CER Agreement) is one of the most comprehensive bilateral free trade agreements in existence. It covers substantially all trans-Tasman trade in goods, including agricultural products, and was the first to include free trade in services. Since ANZCERTA entered into force in 1983, the two way trade in goods between the two countries has expanded at an annual average of 8%. Imports to Australia from New Zealand have grown nearly ten-fold since 1983 to A$8.9bn (NZ$9.9bn) in 2013. with New Zealand Australias ninth largest source of imports.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Australia to New Zealand. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.