| Provider | Amount Received | Fee | Exchange Rate | Speed | ||
|---|---|---|---|---|---|---|
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Currencies Direct | NZD $21,223.83 | No Fee | 2.1224 | 1-3 days | more... |
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OFX (UK) | NZD $21,138.50 | No Fee | 2.1139 | 1-3 days | more... |
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TorFX | NZD $21,223.83 | No Fee | 2.1224 | 1-3 days | more... |
Founder & CEO, FXCompared
Daniel is one of the world experts on the money transfer sector. He is widely quoted across the industry with over 20 years of experience in the international finance world focused on international payments, technology, and the property sectors. More about Daniel.
Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure
OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates
Excellent exchange rates | No transfer fees | Thousands of 5 star reviews
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
One-off payments | Regular payments | Great rates | Safeguarded customer funds
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.
We check all rates regularly and this quote is an actual quote of the average from UK banks for this past month. It includes all major and some smaller banks. Bank of Scotland, Barclays, Co-operative Bank, HSBC UK, Halifax, Lloyds Bank, Monzo, NatWest, Nationwide, Santander GB, Starling Bank- tracked every month. For more information on how the price comparisons are calculated, see our IMTI page.
Most New Zealand citizens wishing to move to the UK for work will need a Skilled Worker visa, unless they are remaining with the same employer, in which case they will need to apply for an Intra-company visa. Entrepreneurs may be able to apply for a Start-up visa or Innovator visa, while investors who are looking to invest £2,000,000 or more can apply for an Investor visa. For New Zealand citizens aged 18-30, a Youth Mobility Scheme visa allows them to pursue a working holiday in the UK for 2 years.
The double taxation agreement between the UK and New Zealand ensures that you pay tax on your income and gains once only, in whichever country you are based and earning that income. Money earned by New Zealand residents in the UK is subject to standard New Zealand tax rates independent of whether the money is transferred back home or not. New Zealand tax residents are generally taxed on their worldwide income.
New Zealand is a far less speculative property market than many other major countries as culturally, people in New Zealand typically own property to be their home as opposed to seeing it as a major investment opportunity.
Purchases or flat, homes or land in mainstream urban locations by and large is not affected by the OIC restrictions. We advise you to consult with your property lawyer to check whether what you are considering buying falls under the OIC.
New Zealand has a Reciprocal Health Agreement with the UK. New Zealand health care is most similar to those of European countries such as France and Germany. In these countries, the state covers most of the cost of healthcare but the individual is expected to make some contribution towards the cost. Healthcare in New Zealand is not as comprehensive as the NHS.N
The NZD is also used as the official currency in the Cook Islands, Niue, Tokelau and the Pitcairn Islands.
All of the companies listed above are completely safe to use. They are all licensed to provide money transfer services and regulated by relevant authorities in their respective jurisdictions, such as the FCA, FinCEN and ASIC.
The length of time it takes for a money transfer to complete will depend on the method you have chosen, where it is being sent to, and the value of the transfer itself. Most often, bank to bank transfers take between 1–2 days. Debit and credit card payments may sometimes allow for slightly faster transfer times.
Before initiating a transfer, make sure to read the comparison results above to choose the best provider for you. You should consider price, speed and the overall rating when selecting a transfer provider to use. Once you have selected a provider, simply follow the link to its homepage where you will be able to register for an account. When your account is properly verified, you will be able to begin the transfer process.
The results shown above are for bank to bank transfers, which are the most popular way to send money abroad. Certain providers will also allow individuals to make the transfer using cash or debit/credit cards. Digital wallets are also an increasingly popular option.
Quite often, the price displayed above will not reflect the final price you get offered when you initiate the money transfer. This is because the prices quoted above reflect live currency rates on the foreign exchange markets, which change over the course of the day. These might also change depending on the provider. As such, it is important to always check the final price you get offered before initiating and completing a currency transfer.
FXcompared is an independent, advertising-supported comparison service where we have commercial relationships with some of the providers listed. When you use us to sign up to a money transfer provider we have a commercial relationship with, we get either a flat fee or a commission from the provider you choose but this does not cost you anything extra and our site is free to use. The ability for companies to sign-up and retain customers may impact how and where these providers appear on this site, including, for example, the order in which they may appear within listing categories but you may reorder the listings. Other factors, such as our own proprietary website rules and the likelihood of a customer being on-boarded to a provider impact how and where products appear on this site. FXcompared does not include the entire universe of available international money transfer companies.
Exchange rates update frequently and the pricing shown in the comparison tables is indicative only and based on a first time transfer for a new customer signing up via FXcompared. The pricing does not reflect any special rates individual customers may be offered by a provider, either on sign up or rates for any repeat transfers and there may be other lower priced providers not listed on FXcompared. FXcompared is not an FX trading platform and should not be used to inform any FX trading decisions.
All reviews are prepared by FXcompared. Opinions expressed therein are solely those of the reviewer. The information presented in the review is accurate as of the date of the review. Check with the providers directly for the most current information.
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.
