Below is a comparison of the main foreign exchange companies that transfer New Zealand Dollar and the Australia Dollar. The table compares international money transfer rates, services, speed, min transfer and the online transfer fee.
|Name||Min. Transfer||Speed||Services||Online Transfer Fee|
|XE||NZD 0||1 day||Online, Phone, Bank Account to Bank Account, APP||NZD 0*|
||1 day||Online, Phone, Bank Account to Bank Account||NZD 0*|
|World First||NZD 2,000||2 days||Online, Phone, Agent||NZD 10.00|
||NZD 3,000||1 day||Online, Phone, Bank Account to Bank Account||NZD 10.00|
|HiFX||NZD 50||2 days||Online, Phone, Agent||NZD 15.00|
|Bank Average||NZD 0||1 day (extra $25)||Online, Phone, In-store||NZD 15.00-25.00|
|* The online transfer fee is wavered if registered through our referral link. Link on logo above.|
As you can see from above, both the companies we have chosen are the best in the industry. Both companies have a low minimum transfer, fast transaction time, multiple service channels and $0 transfer fee*, so you can decide who will work best for you.
You can read more about each company here: OFX Foreign Exchange or XE Money Transfer. If you haven’t read the main foreign exchange page, read now as it describes how online foreign exchange works and how to get the most from your money transfer.
There have been websites comparing foreign exchange providers all around the world and now there is finally one for New Zealanders. Check out https://compareexchangerates.co.nz/ and make sure you are getting the most out of your money transfer.
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