Online Foreign Exchange with XE

Transferring your money from New Zealand to Australia is a big deal. It is important to use a trusted foreign exchange partner and make sure you get the most money possible from your forex transfer. From our research, online foreign exchange companies give the best rates with less margin and no fees.

Editor's Note: We started off using our bank to transfer money to Australia from New Zealand, but got told by a friend that it is much cheaper to use an online foreign exchange company. I compared the costs and were surprised at the difference. We got the best possible rate for every transfer, with a way lower margin than the bank and did not get charged a fee, I was paying $25 with an extra 5% margin on the rate.

We have recently changed our foreign exchange partner to XE. They are worlds most trusted FX company. Read my blog article here: XE vs OFX (NZForex)! Why we changed our foreign exchange provider and who should you use to transfer your money from NZ to Australia.

XE Money Transfer - connecting the world through currency/foreign exchange.

XE Money Transfer is the quick, easy, and secure way to transfer money around the globe. With competitive exchange rates you can book international payments 24/7.

Every year, over 330,000 people and 2,000 businesses trust us to make global payments, send funds to family, pay international businesses, and buy foreign real estate. At XE, we're not just passionate about saving you money, we're proud of our exceptional service as we connect the world through currency exchange.

XE is the worlds most trusted FX company!

Register free here and find out how much money XE can save/make you!

Why use XE for your foreign exchange instead of a bank

Most people are simply unaware of the high margins and fees that are often applied by the banks for international transfers. The difference in exchange rates can often mean savings of thousands, or even tens of thousands of dollars (depending on volumes being sent).

If you are sending money to or from NZ or Australia, XE can help (register for free here).

Save more of your money when you transfer with XE

XE use an independent company to check all the main New Zealand banks to make sure their overall price (including bank charges, exchange rates and other fees) is better. They save you money in two ways:

  1. Our fees are simple: $0
    All international payments with XE Money Transfer are fee free. Note this does not include the cost of you transferring the funds to XE Money Transfer, any charges incurred where the funds are being sent in a different currency to the destination bank account, or correspondent bank charges.

  2. Our exchange rates are better
    To give you an idea of how much you could save, we've done a recent comparison with three New Zealand major banks for a $1,200,000 NZD / AUD transfer. Depending on which bank you use, XE would have saved you between $9,070 and $25,870.

**This comparison was made on 21.08.17, by speaking to the foreign exchange teams at 3 of the leading banks.

See how much you could save... Join now!

About XE

Don't let the banks cash in on your international money transfers

XE Money Transfer is the quick, easy, and secure way to transfer money around the globe. With competitive exchange rates you can book international payments 24/7.

Benefits of XE Money Transfer

  • XE has 50+ million downloads of its app globally, and is the worlds most trusted FX company.
  • XE money transfer are licensed in New Zealand by the NZ FMA and by ASIC in Australia
  • XE money transfer hold security trust accounts, (clients funds are held on trust in segregated client accounts).
  • XE money transfer dealers are fully licensed and authorised to provide financial advice. 
  • XE money transfer have more than 100 local employees across two NZ offices representing both the North & South Islands (Auckland and Christchurch). 
  • XE money transfer make more than 4,000 payments per day totalling more than USD $30 million per annum. 
  • XE’s parent - Euronet Worldwide is a NASDAQ listed company with a current market cap of USD $5 Billion.

Why not take advantage of the free, no obligation registration process - see how much you can save?

Enjoy FREE transfers with XE! Save time and money.

Simply sign up today for fee free transfers AND great exchange rates.

Add comment


0 # ANSWER: Should we convert cash after property sales or purchase from NZMTA Team 2014-04-29 07:15
Hi Maxine,

Thank you for your enquiry.

New Zealand citizens are exempt from the requirement to obtain approval from the Australian Foreign Investment Review Board (FIRB) before they purchase an urban property in Australia, so it is possible for you purchase while in NZ.

However, I am unsure of if you would still need to transfer your money to Australia to pay for the home. I recommend calling an Australian agent and asking them, as they will be able to tell you the best way for you to buy a home in Australia based on your circumstances.

Regarding transferring your money to Australia. You will save a lot of money if you use a foreign exchange company rather than your bank and it is easy to setup and make transfers. I recommend using NZ Forex for your foreign exchange as I have used them and now a number of our clients. You can register using this link:, or find out more about the benefits of using NZForex by clicking here:

I have lived in Brisbane and it took us three months to discover what suburb we wanted to live in, so you do need to take that into consideration. It's a lovely city. You will love it.

Please let me know if there is anything else I can help you with.
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0 # Should we convert cash after property sales or purchase from NZMaxine 2014-04-29 07:12

My family is thinking of moving over to the Brisbane area and we well be selling 2 properties in NZ so we can purchase in Australia is it easier to purchase from NZ as an overseas investor or is it better to have all the money exchanged over to AUD and purchase when there??

Thanks Maxine
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0 # Highly Recommend NZForexDesiree Prendergast 2012-11-19 09:19
I just wanted to say thanks to NZForex for helping me transfer money internationally . I was recommended them by ausmove and from beginning to end it was a straight forward and easy process, plus someone was always on hand to answer any questions. I will be recommending NZForex to anyone who needs to transfer money around the world.

Thanks again.
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0 # ANSWER: Transfering money to NZ regularlyMTA Team 2012-11-07 01:16
Hi Hilton,

Thank you for your comment.

Yes Commonwealth would be able to help you with that, but I recommend you setup an account with NZForex, as they will save you a lot of money on transfer fees and margins.

They have an Australian division OZForex, so you will be able to deal with customer service in Australia when there.

More information on NZForex:

Benefits of NZForex:

Setup a free no obligation account with NZForex:

However, Commonwealth are a fantastic bank and you will need an Australia account either way. We bank with them and we love their high level of customer service, which is not standard in Australia, like NZ.

If you have not already setup a bank account in Australia, please fill out the form on the top right side, as this will save you time and stress on trying to do it over there:

Good luck with your move and please let me know if there is anything else I can help you with.

Kind Regards,
MTA Team
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0 # Transfering money to NZ regularlyHilton 2012-11-06 11:32
I am moving over to Sydney in the next 2 weeks and I need to be able to transfer funds over to NZ easily.

Does the commonwealth bank cater to this? ie. I want to go online transfer over to NZ and have this done on a weekly basis...

What are the additional costs for this service?
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