Black Friday saving continues 🥳

Get the biggest bargains of Cyber weekend

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Receive money in New Zealand from overseas

Thanks to online banking and the proliferation of international money transfer companies, it’s easier than ever to receive money in New Zealand.


Fact checked

While both banks and online transfer companies facilitate receiving money from an overseas sender, comparing services and associated fees will help you get the maximum amount of NZ dollars.

You can receive money from overseas through your bank or via online transfer. Western Union and MoneyGram have an extensive international network of pick-up locations from which you can collect your money. Do a little research to see which services offers better value for money and quicker delivery.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
NZD 1 Within an hour NZD 3.99 0.7 USD
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
NZD 0 Same day NZD 0.00 0.699 USD
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
AUD 250 1 - 2 days NZD 15.00 0.695 USD
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
NZD 250 1 day NZD 0.00 0.695 USD
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.695 USD
Exclusive offer: $0 transfer fee and discounted exchange rates for all Finder customers.
A higher exchange rate applies to non-finder customers. Send money in more than 60 currencies.
Go to site Show details
NZD 1 1 - 2 days NZD 40.00 0.702 USD
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.698 USD
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do I receive money from overseas?

International money transfers are ideal for people who live and/or work far away from friends and relatives, and send money home on a regular basis. It’s also the best way to receive cash quickly in an emergency situation, especially with the pick-up option offered by Western Union and MoneyGram.

While you may prefer the security of your bank, international money transfer companies deal in large amounts of currency at a time, which means they can offer their customers more competitive exchange rates.

Case study: how does an international same currency transfer money transfer work?

Julio is on a business trip in Hong Kong. His fiancée is organising their engagement party in Nelson and urgently needs an additional $2,000 to cover expenses.

Julio wants to make a same-currency transfer to eliminate concerns about exchange rates, but since they’re with different banks, he’s wary of the high fees involved.

He decides to research a few international transfer companies to see what kinds of deals they offer for instant delivery and bank deposits.

Bank Money transfer company
Transfer fee $30 $20 for pick-up, $10 for bank deposit
Transfer options Telegraphic transfer Bank deposit, pick-up
Transfer delay Two working days Instant pick-up, two business bank deposit
Difference in fees $10 to $20 depending on receiving option
Back to top

What’s the most cost-effective way to receive money from overseas?

When receiving money in New Zealand, it’s best to have the sender make a same-currency transfer. That way you don’t have to worry about a poor exchange rate impacting the amount of money you receive.

Julio’s research revealed that using a specialist transfer service meant lower fees and quicker delivery. The transfer fee for instant delivery is higher than that charged for a bank deposit, but still lower than that charged by the bank for the same turnaround time. His fiancée would be able to collect the cash at a pick-up point within minutes of Julio effecting the transfer.

Step by step to receiving money from overseas

Below is a step-by-step guide on how to receive money from overseas.

  • Find a location. If your sender agrees to send money via Western Union or MoneyGram, you can collect it from one of several pick-up points. Find the closest pick-up location on the transfer service’s website.
  • Get the tracking number. This number is your reference to keep track of the money as it makes its way to you. You’ll need to present it at the pick-up location if you’re collecting the money in person.
  • Identification. Take along some positive identification when collecting your cash from a pick-up point. A passport, driver’s licence or national ID card should be sufficient.
  • Bank deposit. If you’d like the money deposited into your bank account, you’ll need to give the sender your BSB and bank account number. Depending on the service, you should receive the money within two business days.
Back to top

What are the pros and cons to using a specialist service compared to a bank?

Here are a few pros and cons to consider when receiving money through an international transfer service.


  • Better exchange rates. Since specialist transfer companies deal in currency in bulk, they can offer their customers much better exchange rates. This means that if your sender is transferring foreign currency to be converted to NZ dollars, you’ll get a better deal on the amount received.
  • Instant delivery. Companies like Western Union and MoneyGram offer recipients the option to collect money at one of their pick-up points. The network of locations is extensive, so check the website to see which is closest to you.


  • Unreliable services. Be sure that the service your sender uses is reputable and accredited by the proper authorities. Be wary of little-known companies offering deals that seem too good to be true.
  • Hidden fees. Besides transfer fees, international transfer companies can charge conversion fees (for currency converted to NZ dollars), add extra percentage points to the interbank exchange rate and even charge you for withdrawing your money.
Back to top

Are there any risks?

While international money transfer companies are generally safe and easy to use, it’s your responsibility to make sure that the service you choose is reliable and properly accredited. Doing thorough research about security is imperative, especially when you’re providing personal details and bank account information.

If you’re receiving foreign currency to be converted to NZ dollars, help your sender do research about the best periods to benefit from a favourable exchange rate.

Frequently asked questions

Here are a few frequently asked questions about receiving money in New Zealand.

Read more on this topic

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

4 Responses

    Go to site