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Send money to New Zealand

Take advantage of low fees and competitive exchange rates when transferring money to New Zealand.

Sending money to New Zealand from Singapore has many benefits. Because it’s a popular country, you’ll have plenty of selection when comparing transfer services. Before you get started on a transfer, compare fees and exchange rates of top providers to be sure you’re getting a good deal.

Send money to New Zealand with SingX

Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.

  • Send money in 16+ currencies
  • Most transfers take 1 business day
  • Regulated by the Monetary Authority of Singapore (MAS)
Promoted

Compare international money transfers to New Zealand

Our comparison calculator lets you compare current fees, exchange rates, transfer speeds and other details about sending your money overseas. Enter the amount you’re transferring, and see how much will arrive to New Zealand.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 1 1 day SGD 31.00 1.049 NZD
5,210
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 2,000 1 day SGD 0.00 1.038 NZD
5,190
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 1 1 - 2 days SGD 30.00 1.049 NZD
5,211
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 250 1 day SGD 0.00 1.038 NZD
5,190
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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SGD 5 1 - 2 days EUR 3.00 1.042 NZD
5,212
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 1 Same day SGD 3.99 1.043 NZD
5,212
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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.

What’s the best way to send money to New Zealand?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to New Zealand. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like OFX specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s New Zealand bank account, often in as little as a day or two.

Cash transfers

Services like WorldRemit and Western Union allow you to transfer cash for pickup at a local branch in New Zealand — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

New Zealand dollar is a relatively popular currency, so most banks in Singapore should be able to exchange them. If your bank supports New Zealand dollars, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to New Zealand.

Let’s crunch the numbers: Sending $1,000 to New Zealand

Let’s say you need to send $1,000 to family in New Zealand. Here’s what you might face as far as fees and exchange rates as of 27 September 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$3$25 + additional correspondent bank fees
Exchange rate1 SGD = 1.099 NZD1 SGD = 1.097 NZD1 SGD = 1.0935 NZD
Transfer speed1-2 dayMinutes2-5 days
Amount receivedNZD 1,099NZD 1,093NZD 1,066
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in New Zealand. If you go with the digital money transfer service, your recipient ends up with NZD 33 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to New Zealand in as little as 15 minutes, just make sure there is a cash pickup location near your recipient before sending.

How to send money to New Zealand online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their New Zealand bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to New Zealand. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to New Zealand

  • Bank transfers. Many major Singapore banks will allow you to send money to New Zealand.
  • Money transfer providers. Providers like Ria and Wise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Singapore to New Zealand.
  • Cheques. Although not a quick option, you could obtain an international cheque from your bank and send it overseas.

How to get the most out of your money transfer to New Zealand

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to New Zealand to best meet your needs:

  • Exchange rates. The SGD-NZD relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the New Zealand dollar rises against the Singapore dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger SGD-NZD exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the number of New Zealand dollars you’re sending to New Zealand.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to New Zealand.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a New Zealand bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to New Zealand

When urgency trumps cost to get your money to New Zealand quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to New Zealand without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

New Zealand’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. New Zealand’s exchange rate is flexible compared to the Singapore dollar, and the SGD-NZD relationship fluctuates often. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the New Zealand dollar trades against the Singapore dollar in our historical rate chart.

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Updated: 16 Oct 2021 19:03:55 UTC

Documents needed for sending to and receiving money in New Zealand

To send money to New Zealand from Singapore, you’ll need government-issued ID and other documents, while documents needed to pick up money in New Zealand may be different by company.

Documents to send money from Singapore

To send money from Singapore to New Zealand, you’ll need documentation and details that include:

  • Identification. Most services require your NRIC, a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and New Zealand bank account information.

Documents to receive money in New Zealand

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A New Zealand Passport, New Zealand ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to New Zealand shouldn’t cost a fortune. Compare money transfer companies that specialise in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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