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Top 3 Money Transfer Providers for USA to New Zealand

Provider Amount Received Fee Exchange Rate Speed
OFX (US) OFX (US) NZD $14,011.03 No Fee 1.4011 1-3 days more...
Venstar Venstar NZD $14,018.10 No Fee 1.4018 1-3 days more...
Average US Bank Average US Bank NZD $13,661.81 No Fee 1.3662 1-5 days more...
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USA
The dollar, the world’s most traded currency, is held on a free-float exchange rate and is fully convertible to foreign currencies Read More
NEW ZEALAND
New Zealandis very open to overseas money transfers and investment Read More
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Send money from USA to New Zealand

Top 3 Money Transfer Providers

Latest prices for transferring money from USA to New Zealand
Exchange Rates as of 4 December 2020, 01:06

OFX (US)

Est. 1998

OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

More InfoLess Info
Amount Received
NZD $14,011.03
USD $256.42
saved vs. banks

Venstar

Est. 1990
Established in 1990, Venstar is a worldwide leader in Foreign Exchange Payments and Services.
More InfoLess Info
FXcompared Rating
Amount Received
NZD $14,018.10
USD $261.42
saved vs. banks

Average US Bank

Est. 1900

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

More InfoLess Info
Amount Received
NZD $13,661.81
USD $9.42
saved vs. banks

How to Transfer Money from USA to New Zealand

What is in this guide

USA to New Zealand Guide

Summary

New Zealand and the United States are partners in a number of trade agreements and negotiations that seek to enhance trade and investment opportunities between the countries. Two of the highest-profile initiatives are the US - New Zealand Trade and Investment Framework Agreement (TIFA) and the Trans-Pacific Partnership (TPP), which seeks to expand job creation and create economic growth throughout the Asia Pacific region and in the US. Currently, there is no limit for American citizens who wish to trade USD to NZD and transfer money from USA to New Zealand.

Visas, work permits and residency

American citizens planning to visit New Zealand for less than three months do not need a visa to do so. For American citizens who plan to work in New Zealand either temporarily or permanently, a work visa is required. There are several types of work visas, including the Skilled Migrant visa and the Residence from Work visa. Both of these visas allow the holder to live and work in New Zealand for a set period of time.


US citizens who wish to apply for permanent residency must apply for New Zealands Citizenship by grant program. They must also meet specific requirements to qualify, including planning to stay in New Zealand if granted citizenship. They must also prove that they have lived in New Zealand for at least five years with residence status before applying for permanent residency. For more specific information on visa and residency requirements, please refer to the New Zealand embassy website.

Buying Property in New Zealand

For both residents and non-residents, purchasing real estate in New Zealand is straightforward and can often be accomplished in a matter of weeks. However, there are a few important things to take note of when entering the New Zealand real estate market.


It’s often easiest to find properties and navigate real estate laws by working with a real estate agent. It’s important to choose an agent who is registered with the Real Estate Agents Licensing Board. This helps to ensure that they are reputable and licensed. An agent will provide a list of properties and will help the buyer to identify an acceptable offer. In New Zealand, the agents receive their commission from the seller of the property, not the buyer.


Once a property is agreed upon, the real estate agent will provide the buyer with a standard sales contract to sign. The buyer must also submit their offer formally in writing. This formal offer is conditional and is often based upon standard agreements, such as an independent property evaluation or the approval of financing for the purchase. Once all legal steps have been taken, the buyer can then arrange to transfer money from USA to New Zealand to fund their real estate purchase.

Studying in New Zealand

American citizens who wish to study full-time in New Zealand for less than three months do not need a student visa. For study programs that last longer than three months, however, a student visa is required. There are currently no restrictions for American students who wish to send money to New Zealand to help fund their education.

Taxation

American residents living abroad must declare their earnings and file tax forms annually. They may owe the US government taxes on their worldwide earned income. Currently, the US and New Zealand have a tax treaty agreement in place, meaning US citizens can receive credit via a foreign income tax offset for any taxes paid in New Zealand. For US citizens who wish to transfer money from USA to New Zealand to pay for taxes, there are no restrictions on international funds transfer at this time.

Heathcare

American citizens who are temporarily traveling in New Zealand are strongly recommended to take out a travel insurance policy or acquire a short-term health policy.

Although New Zealand has a state-run, publicly-funded healthcare system, it is only available to citizens and permanent residents of the country. Permanent residents are defined as an individual owning a Returning Resident’s visa, or an individual holding a current Residence permit who has lived in the country for at least two years. Private health insurance is recommended for those who do not meet these requirements, as well as a supplement for those who are eligible for the state-run system.

Voting

US citizens living in New Zealand are eligible to vote by absentee ballot in American presidential, general, and primary elections. They must register for absentee balloting with the last state precinct in which they voted, and will then receive absentee ballot by email from their precinct.

Importing from the US to New Zealand

The United States and New Zealand currently maintain a partnership in two major trade initiatives: The Trans-Pacific Partnership (TPP), which seeks to expand job creation and create economic growth throughout the Asia Pacific region and in the US, and the US - New Zealand Trade and Investment Framework Agreement (TIFA), which seeks to strengthen strategic trade and investment partnerships between them. In 2012, two-way US dollar to New Zealand dollar trade of goods and services between the two countries totaled $10 billion. US goods imports into New Zealand totaled $3.2 billion in 2013, led by aircraft, machinery, vehicles, and electrical machinery. Foreign direct investment and money transfers from the US into New Zealand totaled $9.5 billion in 2012, a 19.4% increase from the previous year.

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 USA 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.