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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).
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:
**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!
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.
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.
Ask them below in the ‘reply’ section and I will get back to you asap. You might also find the answers in the questions other visitors have asked.
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Terence Gay
November 4, 2019 at 1:55 amHow much money can be transferred per annum from NZ to Australia
JJ Smith
November 6, 2019 at 11:32 pmHi Terence,
Thanks for your comment.
No there is no maximum you can transfer to Australia from New Zealand.
However, you need to consider your tax obligations. Here is a post you should read – do you have to pay tax on money transferred from overseas: https://www.movingtoaustralia.co.nz/do-you-have-to-pay-tax-on-money-transferred-from-overseas/.
Please feel free to email me back any further questions you have.
Good luck with your move.
Terence
November 7, 2019 at 12:43 amThankyou for your efforts on my behalf JJ.
My measly contribution will not cause ripples in the financial markets.
Thanks