Find the best way to send money from New Zealand

Sending NZ$1,000 from New Zealand to Australia, the UK, the US or the Philippines cost NZ$15 to NZ$27 through BNZ or Westpac in our October 2026 price check, and NZ$37 to NZ$45 through Kiwibank. BNZ and Westpac charge no transfer fee online, so almost all of that was the exchange rate. Wise cost NZ$4 to NZ$6 on the same routes.

New Zealanders send well over a billion dollars abroad every year, to family in India, the Philippines, China and across the Pacific, and to accounts in Australia and the UK. The route you pick decides how much arrives, and on some routes the cheapest option is not the one you would guess.

This guide prices every common way to send money from NZ: the five big banks, the online specialists, PayPal and cash pickup at the other end. It covers what each one costs across the main routes, how long it takes, the reporting rules for large transfers and what you need before you start.

Who Sends Money From New Zealand

New Zealand paid out more than NZ$1.44 billion in remittances in 2022, according to figures reported by The Spinoff. For some receiving countries that money is a lifeline: remittances were worth about 45 percent of Tonga's economy in 2023 and 28 percent of Samoa's. Most of it is wages sent home, but plenty of people transfer money from New Zealand for other reasons.

Who is sending matters, because each group is hurt by a different part of the price. A worker sending NZ$300 a fortnight feels every fixed fee. Someone moving NZ$40,000 to buy a house in Australia barely notices the fee and loses hundreds to the exchange rate. A Pacific family needs the money in a mobile wallet or at a cash counter, not just in a bank account. The cheapest route for one is rarely the cheapest for the other.

Migrant workers supporting family in Asia

Indian, Filipino and Chinese communities are among the largest migrant groups in New Zealand, and many send money home regularly, often every week or fortnight. Typical amounts run from NZ$200 to NZ$2,000. Transfers go to bank accounts and UPI IDs in India, to bank accounts, wallets and cash pickup points in the Philippines, and to bank accounts in China.

On these routes the specialists are far cheaper than the banks. On our quotes Wise cost 0.46 percent of a NZ$2,000 transfer to India and 0.57 percent of NZ$1,000 to the Philippines, while Westpac's exchange rate margins on the same routes were 2.5 to 2.6 percent.

Pacific families and seasonal workers

Samoan, Tongan and Fijian families in New Zealand, and workers on the Recognised Seasonal Employer scheme, send money to the Pacific in smaller, frequent amounts. Recipients often collect cash or use a mobile wallet such as M-PAiSA in Fiji. Pacific currencies are thinly traded, so every provider charges more to reach them, and the price gap between options is wide.

This is the one group where the usual advice does not hold. On our quotes BNZ and Westpac, which charge no fee online, beat Wise to Fiji, Samoa and Tonga. The cost section below shows the numbers and what to compare before you send.

Kiwis with ties to Australia, the UK and the US

Many New Zealanders move money across the Tasman, pay a mortgage or bills in Australia, send money to children on an OE in London, or move savings when they emigrate. These transfers tend to be larger and less frequent, and the exchange rate decides the cost. A 2 percent margin on a NZ$40,000 house deposit is NZ$800, far more than any transfer fee a bank could charge.

Students and small businesses

International students and their families pay rent and fees across borders, and small firms pay overseas suppliers and contractors in Australian dollars, US dollars, euros or yuan. These payments usually have a deadline, so speed and a predictable amount on arrival matter more than cash pickup.

What New Zealand Banks Charge to Send Money Overseas

New Zealand banks now charge between NZ$0 and NZ$20 to send money overseas online, and three of the big five show no fee at all. The fee is the cheap part. On our quotes BNZ, Westpac and Kiwibank kept 1.6 to 2.6 percent of the money in the exchange rate on major currencies, and 3.7 to 5.4 percent on Pacific currencies.

Fees have fallen fast. BNZ dropped its online international payment fee in March 2023, Westpac followed on 1 December 2025, and ANZ currently shows a NZ$0 fee in goMoney and Internet Banking. What has not changed is how banks make their money on transfers: they set their own exchange rate and keep the difference from the mid-market rate. That is why a NZ$0 fee can still cost you NZ$15 to NZ$27 on every NZ$1,000.

Fees from each bank's own fee pages and releases (ANZ and ASB rates and fees pages, BNZ's March 2023 and Westpac's December 2025 releases, Kiwibank Fees and Limits from 14 May 2026) and ASB's NZ$5 fee as reported by The Spinoff in September 2024. Margins measured against the mid-market rate on quotes collected 13 to 22 October 2026.

ANZ NZ

ANZ is the country's largest bank. Its fee page currently shows NZ$0 to send an international money transfer in goMoney or Internet Banking, flagged as a current fee offer, NZ$5 on ANZ Direct Online and NZ$15 in a branch or by phone. Amending, cancelling or chasing a payment costs NZ$25 each, and an extra fee can apply if you choose to cover the overseas bank charges yourself.

ANZ does not publish the margin in its exchange rate, and it was not in the comparison data we used. Treat the zero fee as the start of the price, not the end: check what your recipient will get before you confirm, and compare it with a specialist quote for the same amount. ANZ also charges NZ$15 to receive an international payment of NZ$300 or more, which matters if money is coming back.

ASB

ASB charged a NZ$5 transfer fee in September 2024, as reported by The Spinoff, and its current fee page lists overseas bank charges on top if you choose Sender to Pay: NZ$5 for US dollars, NZ$10 for currencies including the rupee, the Philippine peso, the Fiji dollar and the yuan, NZ$20 for euros and pounds, and NZ$25 for yen and Singapore dollars. Choose Recipient to Pay and those charges come out of the money on arrival instead.

ASB does not publish its exchange rate margin either, and like ANZ it was not in the comparison data. Being owned by Commonwealth Bank of Australia helps on one route: sending Australian dollars to a CommBank account carries a lower overseas bank charge of NZ$7.50.

BNZ

BNZ was the first New Zealand bank to scrap international payment fees, in March 2023. Personal customers pay nothing to send online through the app or Internet Banking, and BNZ also covers the overseas bank charges it used to pass on, which it said could save up to NZ$25 a transaction. On our quotes BNZ was the cheapest bank on every route we priced.

Cheapest bank is not the same as cheap. BNZ converted 1.6 to 1.8 percent below mid-market on Australian dollars, pounds, US dollars, rupees and pesos, so NZ$1,000 to Australia cost NZ$16.50 and NZ$1,000 to the UK NZ$15.54, against about NZ$4 with Wise. To the Pacific its margin rose to 3.7 to 4.5 percent, which still gave the lowest total cost in the comparison data to Fiji, Samoa and Tonga.

Westpac NZ

Westpac NZ removed its NZ$5 online international transfer fee on 1 December 2025, for every currency and transfer size available in Westpac One and the app. Standard fees still apply on other channels such as a branch, and overseas banks can still take their own charges.

Its margins were slightly wider than BNZ's: 1.9 to 2.6 percent on major currencies, which made NZ$1,000 to the Philippines cost NZ$26.63 and NZ$2,000 to India cost NZ$50.41 on our quotes. To Fiji, Samoa and Tonga it came second only to BNZ.

Kiwibank

Kiwibank still charges a fee. Its May 2026 fee schedule lists NZ$10 to send online with shared charges and NZ$20 if you pay all the charges yourself, rising to NZ$25 and NZ$35 in a branch or by email. Receiving an international payment costs NZ$12, and amending, cancelling or investigating one costs NZ$25.

The comparison data prices Kiwibank with the NZ$20 fee, so it came out as the most expensive bank on every route: NZ$37 to NZ$45 on NZ$1,000 to Australia, the UK, the US or the Philippines. Its exchange rate margins of 1.8 to 2.5 percent were close to Westpac's, so the fee is what sets it apart.

The exchange rate margin they do not show

The mid-market rate is the midpoint between what buyers and sellers pay for a currency, the rate you see on Google or Reuters. Banks convert at a worse rate and keep the difference. You can check it yourself: divide what the recipient will get by what you send, then compare that with the mid-market exchange rate at the same moment.

Here are the worked figures from 22 October 2026. At the mid-market rate, NZ$1,000 was worth A$809.67, £424.17 or 36,075 Philippine pesos. BNZ delivered A$796.31, £417.58 and 35,403 pesos, and Westpac A$793.70, £415.99 and 35,114 pesos. Sent once, the gap is an annoyance. Sent every fortnight, a 2 percent margin on NZ$500 is about NZ$260 a year that never reaches the other end.

Hidden extras on a bank transfer

When a payment travels by SWIFT, one or more intermediary banks can sit between your bank and the recipient's, and each can deduct a flat charge before the money lands. ASB's own list of these charges runs from NZ$5 to NZ$25 depending on the currency. BNZ now absorbs them on personal online payments, and other banks let you choose who pays. Our guide to international wire transfer fees explains the shared, sender pays and recipient pays options.

PayPal sits in a category of its own. On our quotes it converted 4.1 to 5.2 percent below mid-market, so NZ$1,000 cost NZ$47 to NZ$59 to send to Australia, the UK, the US or the Philippines, and NZ$10,000 to the UK cost NZ$460. Our breakdown of PayPal international transfer fees shows where that money goes. OFX, a specialist used for larger transfers, cost NZ$28 to NZ$48 on NZ$1,000 but fell to about NZ$75 on NZ$10,000.

The Best Ways to Send Money From NZ

The cheapest way to send money from NZ to Australia, the UK, the US, India or the Philippines is an online specialist paid from your bank account. Wise, Remitly and Xe all serve New Zealand senders, and on our quotes Wise cost 0.3 to 0.6 percent of the money sent, against 1.5 to 4.5 percent at the banks.

All three serve New Zealand customers through locally registered entities supervised by the Department of Internal Affairs for anti-money laundering, so the choice comes down to the job. Wise is the strongest on price for bank-to-bank transfers in major currencies and for larger amounts. Remitly is built for sending money home, with cash pickup, mobile wallets and UPI in India. Xe suits people who want to watch the rate before a big one-off transfer. For the Pacific, read the cost section before you choose.

Wise

Wise converts at the mid-market rate and charges one fee, shown before you pay. On our 22 October quotes that fee was NZ$3.83 on NZ$1,000 to Australia, NZ$4.18 to the UK and NZ$5.73 to the Philippines, and NZ$9.12 on NZ$2,000 to India, which was the entire cost of each transfer. On NZ$10,000 to Australia or the UK it was NZ$26 to NZ$31, or about 0.3 percent, because the percentage part of the fee falls as the amount grows.

You pay by bank transfer from your New Zealand account or by card, and the estimated delivery on our quotes was about 2.5 hours to Australia, the UK, India, the Philippines and China. The weak spot is the Pacific: Wise's fees to Fiji, Samoa and Tonga were NZ$37 to NZ$50 on our quotes, and its estimated delivery was seven days. Wise also gives you a multi-currency account, useful if you hold Australian dollars or pounds. Our full Wise review covers limits and the account in detail.

Remitly

Remitly was built for remittances, and it serves New Zealand through Remitly NZ Limited, registered on the Financial Service Providers Register as a money transfer provider. From New Zealand you can send to bank accounts, for cash pickup, to mobile wallets and to UPI in India. Faster Express payments are available by card where Remitly offers them, and it promises a fee refund if a transfer arrives late.

Remitly was not in the comparison data for New Zealand, so we could not price its everyday rate against the others. Its website showed first-transfer rates on 22 October that were above the mid-market rate, about 3.8 percent above to India and 3.9 percent above to Fiji, with no fee on the first transfer. That makes Remitly hard to beat on a first transfer, but check the rate on the second one too. Read our Remitly review for the full picture.

Xe

Xe sends from New Zealand to more than 170 countries and is best known for its currency data. It says it is registered on the Financial Service Providers Register and supervised by the Department of Internal Affairs, charges no extra fee when you pay by bank transfer, adds a small fee for card payments, and lets you send up to the equivalent of US$500,000 online. Its tools suit larger one-off transfers: you can set rate alerts and send when the rate moves your way.

Xe builds its margin into the exchange rate, so compare the amount that arrives rather than the fee. Xe was not in the comparison data we used, so get a live quote on the day and set it against the figures in this guide. Xe says bank account deliveries take up to three business days and wallet payouts can land in minutes. See our Xe review for how its pricing works.

Which option for which transfer

The right choice depends on where the money is going, how it needs to arrive and how much you are sending. This is how the options line up on the jobs people actually do from New Zealand.

How Much Does It Cost to Send Money From New Zealand?

Sending NZ$1,000 from New Zealand to Australia, the UK, the US or the Philippines cost NZ$4 to NZ$6 with Wise, NZ$15 to NZ$27 with BNZ or Westpac, and NZ$37 to NZ$45 with Kiwibank on our October 2026 quotes. PayPal cost NZ$47 to NZ$59. To the Pacific the order flips, and the fee-free banks come out ahead.

The table below shows the total cost of sending NZ$1,000 to five destinations, priced on every option in the comparison data. Total cost is the fee plus whatever the exchange rate took, measured against the mid-market rate at the time of each quote.

Quotes from Wise's public price comparison data, collected 22 October 2026 (US dollars 13 October 2026). Remitly, Xe, ANZ and ASB were not in the data. Rates move by the minute, so treat small gaps as noise and large ones as the real story.

What NZ$1,000 costs across the main routes

The pattern held on every major currency. Wise cost 0.4 to 0.6 percent of the transfer, BNZ 1.5 to 1.9 percent, Westpac 1.9 to 2.7 percent and Kiwibank 3.7 to 4.5 percent once its NZ$20 fee was counted. India followed the same order on a NZ$2,000 quote: NZ$9.12 with Wise, NZ$34.94 with BNZ, NZ$50.41 with Westpac and NZ$71.41 with OFX.

Smaller transfers widen the gap. A flat NZ$20 fee is 4 percent of NZ$500 before the exchange rate is even counted, and on our NZ$500 quotes to the Philippines, Samoa and Tonga, Kiwibank cost NZ$32 to NZ$45, between 6 and 9 percent of the money sent. Small amounts are exactly what most families send, which is why the fee structure matters as much as the rate.

Large transfers: NZ$10,000 and up

On bigger amounts the exchange rate does almost all the damage. On NZ$10,000 to Australia or the UK, BNZ charged no fee yet the transfer cost NZ$155 to NZ$164 in the rate. Westpac cost NZ$192 to NZ$197 and Kiwibank NZ$202 to NZ$208, while PayPal took NZ$455 to NZ$460. Wise cost NZ$26 to NZ$31 and OFX about NZ$75.

That is the case for never sending a large sum through a bank by default. On a NZ$100,000 house deposit, the gap between a 1.6 percent bank margin and a specialist charging around 0.3 percent is about NZ$1,300. Our guide to transferring large sums internationally covers limits, timing and locking in a rate.

The Pacific exception: Fiji, Samoa and Tonga

Pacific currencies are expensive to reach for everyone, and here the fee-free banks win. On NZ$1,000 to Fiji, BNZ cost NZ$37.92 and Westpac NZ$41.84, against NZ$49.92 with Wise. On NZ$500 to Samoa and Tonga, BNZ cost NZ$20 to NZ$23 and Westpac NZ$23 to NZ$27, while Wise cost NZ$37 to NZ$40 and Kiwibank NZ$42 to NZ$45. Wise also estimated seven days for delivery on all three.

The comparison data does not cover the remittance companies built for the Pacific, and Remitly showed a first-transfer rate to Fiji above mid-market on our check. The New Zealand and Australian governments back SendMoneyPacific, a free site that compares providers to Pacific currencies. Use it, or get a Remitly quote, alongside your bank's price before a Pacific transfer, because the cheapest option changes by currency and by amount.

What the gap adds up to over a year

Take NZ$1,000 a month, a common pattern for families supporting relatives. Across Australia, the UK, the US and the Philippines, that costs about NZ$225 to NZ$320 a year through Westpac and NZ$450 to NZ$545 through Kiwibank. Through Wise it costs about NZ$46 to NZ$69. Switching saves roughly NZ$165 to NZ$475 a year on one modest remittance, and the saving grows with every dollar you send.

How Long Does It Take to Send Money From NZ?

A bank payment from New Zealand usually takes 1 to 5 business days to arrive abroad. Online specialists are faster on the main routes: Wise estimated about 2.5 hours to Australia, the UK, India, the Philippines and China on our quotes, and Remitly's card-funded Express transfers can arrive in minutes. Pacific currencies are slower with most providers.

Specialist times are the providers' own estimates; bank times are the usual SWIFT range.

How long each option takes

A SWIFT payment passes through your bank, sometimes one or more intermediary banks, then the recipient's bank. Each hop adds time, and a payment sent late on Friday may not move until Monday. Our guide on how long a wire transfer takes breaks down each stage.

Specialists are faster on most routes because they hold money in each country and pay out locally. Your dollars go into their New Zealand account and the recipient is paid from a local account at the other end, often through domestic systems such as Australia's New Payments Platform, the UK's Faster Payments or IMPS and UPI in India. That is why a transfer to Sydney, London or Mumbai can land the same day while a bank payment to the same account takes several days.

What slows a transfer down

Most delays come from a handful of causes. Banks have daily cut-off times for international payments, usually in the afternoon. Weekends and public holidays stop the system, in New Zealand and in the destination country, and New Zealand's time zone means your Monday morning is still Sunday in much of the world. Your first transfer with a new provider can take longer while it checks your identity, and large transfers can trigger extra checks on where the money came from.

How you pay matters too. A bank transfer to a provider can take a few hours to clear, while a debit card is usually faster but can cost more. Pacific transfers are slower across the board because fewer banks and payout partners handle those currencies, so allow extra days for anything time critical.

How to Send Money From New Zealand, Step by Step

To send money from New Zealand, open an account with a specialist, verify your ID, enter the amount and the recipient's bank, wallet or pickup details, then pay by bank transfer or card. A bank payment works the same way in your banking app, but needs the recipient's SWIFT code and usually costs more in the exchange rate.

What you need before you start

You need photo ID, such as a passport or a New Zealand driver licence, and a New Zealand address. Providers verify you online, and some ask for proof of address or extra documents as amounts grow. Temporary visa holders can usually send with a passport. For large transfers, expect to be asked where the money came from, such as a payslip, a sale agreement or a KiwiSaver withdrawal letter.

For the recipient you need their full name exactly as it appears on their account, plus the local details: a BSB and account number in Australia, a sort code and account number in the UK, an account number and IFSC code or a UPI ID in India, an IBAN in Europe, or a mobile number for a wallet such as M-PAiSA in Fiji. Getting these right the first time is the best way to avoid a stuck payment, and our guide to money sent to the wrong account covers what to do if it happens.

With an online provider

1. Create an account and verify your identity with your passport or driver licence.
2. Enter how much you want to send and check the amount your recipient will get.
3. Add the recipient's bank, wallet or cash pickup details.
4. Pay by bank transfer from your New Zealand account, or by debit card if speed matters.
5. Track the transfer and share the reference with your recipient.

Avoid paying with a credit card where you can. Many card issuers treat it as a cash advance with its own fee and interest from day one, and the provider may add a card fee on top.

From your own bank account

In your banking app or internet banking, choose an international or overseas payment, add the recipient's name, address, bank, SWIFT code and account number or IBAN, then pick the currency and who pays the overseas charges. Check the rate and the amount that will arrive before you confirm. BNZ and Westpac charge nothing online, ANZ currently shows no fee, ASB charges a small fee and Kiwibank charges NZ$10 or NZ$20.

With cash pickup at the other end

New Zealand has few walk-in money transfer counters compared with Australia or the US, so most people pay online and let the recipient collect cash at the other end. Remitly and other remittance providers pay out at agent locations across the Philippines, India and the Pacific, where the recipient shows photo ID and a reference number.

Cash pickup usually costs a little more than a bank deposit, and the rate can differ by payout method, so compare the bank deposit price too if your recipient has an account or a wallet.

Limits, Tax and Reporting When You Transfer Money From New Zealand

There is no legal limit when you transfer money from New Zealand and no tax on sending it, but providers set their own limits and some reporting rules apply. Banks and money remitters report international transfers of NZ$1,000 or more to the Police Financial Intelligence Unit, and carrying NZ$10,000 or more in cash across the border needs a Border Cash Report.

How much you can send

Your limit depends on the provider and how far you have verified your identity. Specialists usually start you on lower limits and raise them as you add documents, and Xe allows up to the equivalent of US$500,000 online. Banks set daily payment limits that vary by account and channel, and some cap internet banking payments lower than branch ones. For a large one-off payment, such as a house deposit, verify your account well in advance and ask about upper limits before the deadline.

Is there a tax on sending money from New Zealand?

No. New Zealand does not tax money you send abroad, and it abolished gift duty in 2011, so giving money to family overseas does not trigger a tax bill or a return here. The tax questions sit elsewhere: interest or investment income you earn on money held abroad can be taxable in New Zealand if you are a tax resident, and the destination country may have its own rules for large gifts.

If you are moving money for a property, a business or an inheritance, the tax question is about that asset rather than the transfer, so check with an accountant before you send. This is general information rather than tax advice.

Reporting rules: the NZ$1,000 and NZ$10,000 thresholds

Under New Zealand's anti-money laundering law, banks and money remitters file a prescribed transaction report for every international wire transfer of NZ$1,000 or more, and for domestic cash transactions of NZ$10,000 or more. These reports are routine and automatic. They do not mean anything is wrong, and you do not have to do anything.

Splitting a transfer into smaller amounts to stay under a threshold is a different matter, and it can be an offence even when the money is clean. Send in one go and keep records of where large sums came from. If you physically carry NZ$10,000 or more in cash, or the foreign equivalent, into or out of New Zealand, you must complete a Border Cash Report with Customs.

Is It Safe to Send Money Overseas From NZ?

Sending money overseas from New Zealand through a registered provider is safe. Banks are registered and supervised by the Reserve Bank, money remitters must be on the Financial Service Providers Register and are supervised by the Department of Internal Affairs for anti-money laundering, and every provider dealing with consumers must belong to a free dispute resolution scheme.

Who regulates money transfers in New Zealand

Banks in New Zealand are registered by the Reserve Bank, which also supervises them for anti-money laundering. Money remitters such as Wise, Remitly and Xe must register on the Financial Service Providers Register, which you can search for free on the Companies Office site, and the Department of Internal Affairs supervises them under the AML/CFT Act. Remitly, for example, is registered as Remitly NZ Limited, FSP number 1003229.

Registration is not the same as a deposit guarantee. Money you hand to a remitter is not covered by the Depositor Compensation Scheme that protects bank deposits. In practice the risk sits with the transfer rather than the company, but it is a good reason to send money promptly rather than leave large balances sitting with any provider.

What protection you get if something goes wrong

Every registered financial service provider dealing with consumers must belong to an approved dispute resolution scheme, such as the Banking Ombudsman Scheme for banks or Financial Services Complaints Limited for many other providers. If a transfer goes missing or arrives short and the provider will not fix it, you can take a complaint to its scheme for free. Start by raising it with the provider in writing and keep the transfer reference.

Our guide to the safest way to send money internationally covers what to check before you trust a new provider with a large amount.

Scams that target senders

The risk is rarely the provider. It is the person asking for the money. The common scams around transfers are romance scams, fake investment and crypto schemes, impostors claiming to be from a bank, Inland Revenue or a relative in trouble, and sellers who insist on a bank transfer instead of a card payment. Once money is collected as cash or paid into an overseas account, it is very hard to get back.

The Routes People Send on Most From New Zealand

India, the Philippines, China, Australia, the UK and the Pacific islands take most of the money sent from New Zealand. Each route has its own details that decide how fast and how cheaply money arrives, from IFSC codes and UPI in India to mobile wallets in the Philippines and Fiji and BSB numbers in Australia.

New Zealand to India

Transfers to India need the recipient's account number and IFSC code, or a UPI ID with providers that support it, and can pay into NRE or NRO accounts held by Indians living abroad. On our NZ$2,000 quote Wise cost NZ$9.12 against NZ$35 to NZ$50 at BNZ and Westpac, and Remitly was offering a first-transfer rate above mid-market. Compare today's prices on our New Zealand to India page.

New Zealand to the Philippines

Many recipients in the Philippines use mobile wallets or collect cash, so a provider that pays out to those matters as much as price. On NZ$1,000 Wise cost NZ$5.73, BNZ NZ$18.60, Westpac NZ$26.63 and PayPal NZ$59.06. Check prices on the New Zealand to Philippines page.

New Zealand to Fiji, Samoa and Tonga

Pacific transfers are where the usual ranking breaks. BNZ and Westpac's fee-free online payments beat Wise on our quotes to all three, Wise estimated seven days to deliver, and Remitly pays out to mobile wallets such as M-PAiSA in Fiji. Compare the options on the New Zealand to Fiji page and on SendMoneyPacific before you send.

New Zealand to Australia and the UK

These are the big routes for Kiwis themselves: paying bills across the Tasman, moving savings when emigrating, or supporting family on an OE. Payments go to a BSB and account number in Australia or a sort code and account number in the UK, and on our quotes Wise cost about 0.3 to 0.4 percent against 1.5 to 3.9 percent at the banks. See the New Zealand to Australia and New Zealand to UK pages for live prices.

Bottom Line

The cheapest way to send money from NZ to Asia, Australia, the UK or the US is an online specialist paid from your bank account. On every major route we priced, BNZ and Westpac kept 1.6 to 2.6 percent in the exchange rate and Kiwibank added a fee on top, while Wise cost 0.3 to 0.6 percent all-in. The Pacific is the exception: there, BNZ and Westpac's fee-free online payments were the cheapest options in the data, so compare them with Remitly and SendMoneyPacific before you send to Fiji, Samoa or Tonga.

Sources

• Wise public price comparison data, NZD to AUD, GBP, USD, INR, PHP, CNY, FJD, WST and TOP, collected 13 to 22 October 2026
• ANZ NZ: Foreign exchange, accounts and international rates and fees
• ASB: Foreign exchange rates and fees
• BNZ: BNZ to remove international payment fees (March 2023)
• Westpac NZ removes international transfer fees from online banking payments (December 2025)
• Kiwibank Personal Banking Fees and Limits, effective 14 May 2026
• The Spinoff: Sending money overseas can be expensive. Who does it hurt the most? (September 2024)
• Remitly: Send money from New Zealand to India (Remitly NZ Limited, FSP 1003229)
• Xe: Money transfers from New Zealand
• Wise: How Wise is regulated in each country
• AML/CFT (Prescribed Transactions Reporting) Regulations 2016
• New Zealand Customs: Border Cash Report