| Provider | Amount To Send | Fee | Exchange Rate | Speed | ||
|---|---|---|---|---|---|---|
 |
TorFX | NZD $10,000.00 | No Fee | 0.6142 | 1-3 days | more... |
 |
OFX (prev. NZForex) | NZD $10,000.00 | No Fee | 0.613 | 1-3 days | more... |
 |
Currency Solutions | NZD $10,000.00 | No Fee | 0.613 | 1-3 days | more... |
Excellent exchange rates | No transfer fees | Thousands of 5 star reviews
OFX in New Zealand provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure
One-off payments | Regular payments | Great rates | Safeguarded customer funds
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
New Zealand and the United States have solid political and economic ties, and these drive a steady volume of international money transfers between the two countries. Currently, there is no limit for those who wish to transfer money from New Zealand to the USA. Neither country places restrictions on incoming or outgoing capital flows, beyond reporting requirements under anti-money laundering laws. The US dollar (USD) and the New Zealand dollar (NZD) are both floating currencies; therefore, while the exchange rate may change, NZD may be freely converted to USD at market rates, and vice versa.
Citizens of New Zealand who wish to live or work in the United States must apply for the appropriate visa and go through an in-person interview at an American consulate or embassy. Besides short-stay visas, there are also a variety of work visas of varying lengths of stay. The type of visa applied for typically depends on the type of work to be performed. For more information, please refer to the US Embassy website for specific details on visa types.
It is relatively easy to purchase property in the United Sates, as there are few restrictions on non-citizens who legally reside in the US and wish to own or rent property. However, there are a few key things to know before initiating a real estate transaction. Any buyer purchasing property in America must first provide an Individual Taxpayer Identification Number (ITIN) in order to for the transaction to be authorised. To obtain an ITIN, the buyer must apply with the domestic tax authorities, the Internal Revenue Service (IRS). Because the ITIN may take five weeks or longer to receive, it is best to apply for it immediately when beginning a property search. Once an ITIN number is received and all the necessary documents have been signed, the buyer can freely transfer money from New Zealand to the US to fund the purchase.
It is also important to know that each state in the US applies its own set of real estate laws. Given the complexity of the legal landscape, it is recommended to work with a licensed real estate attorney or agent, who can advise you on regional and federal real estate laws throughout the process. It is common to use a licensed real estate agent when buying or selling property within the US.
In 1983, the governments of New Zealand and the United States entered into a bilateral income tax convention to help citizens of both countries avoid double taxation if living and working in either country. Citizens of New Zealand who reside or earn money in the US must file and pay income taxes, but tax credits may be available with the New Zealand government for taxes already paid in the United States. Each case is different, so it is advisable to consult the relevant documentation and if necessary, obtain the services of a specialised professional. When paying taxes, keep in mind that there are no limitations if arranging to transfer money from New Zealand to the US.
Before they can apply for a visa to study at an American institution, students from New Zealand must first apply for and be accepted to a US-based school or program. Once accepted, the student will receive the necessary documents from the school to apply for the student visa. Currently, the two student visas offered are the F-1 and M-1 visas. The F-1, the most common type of student visa, is necessary for academic studies at an approved school or accredited American university. Non-academic or vocational studies require the M-1 visa.
New Zealand citizens are not permitted to vote in American federal elections, nor are they permitted to vote in New Zealand’s general elections if they have lived abroad for more than three years. Currently, voting for US federal office is restricted to American citizens. Although states may allow non-citizens to vote, this is rare and limited to local elections in only a few places today.
New Zealand and the United States are partners in the Trans-Pacific Partnership (TPP), which aims to expand job creation and create economic growth throughout the Asia Pacific region and in the US. The two countries also take part in the US - New Zealand Trade and Investment Framework Agreement (TIFA), which seeks to strengthen strategic trade and investment partnerships between them and to increase regulatory transparency. In 2012, two-way trade of goods and services between the two countries totaled US$12bn. New Zealand was the 57th largest importer of goods into the US in 2013, amounting to US$3.5bn, a 1.4% increase from 2012. Foreign direct investment and money transfers from New Zealand into the United States totaled US$1.7bn in 2012, a decrease of 1.5% from the previous year.
We welcome all suggestions for improvements. Send us an email at support@fxcompared.com.
We welcome all suggestions for improvements. Send us an email at support@fxcompared.com.
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.
