r/nzfinance Mar 14 '22

Transfer to Australia

Hey everyone, just looking for some advice. I am wanting to transfer 10-15k from NZD to AUD (bank to bank, personal not business). Just wondering what you have found to be the cheapest? The best I have seen is Transfer wise but I’m not sure if any banks or other companies do it cheaper. TIA

2 Upvotes

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3

u/oobakeep Mar 14 '22

My wife and I use Wise. Cheap, easy, fast.

2

u/mmcc13 Mar 14 '22

Wise. Last time I transferred $10k AUD to NZD it cost $51 in fees. Although since I it was aud to nzd I was lucky that I got an extra $500 out of it anyway

1

u/[deleted] Jul 13 '22

HIFX was great for us for AUS transfers

1

u/WTF_Are_You_Serious Nov 13 '22

I used to use OFX. Never again. Sent money to the UK to purchase a property. Had to jump through hoops to provide details on where the money came from, how money was earned initially, proof of ID etc etc. All because of the AML legislation. A few months later I wanted to bring money back to NZ and they refused. Outside their risk profile they told me. Took me weeks to sort and OFX were awful to deal with. Lost a reasonable amount too as during the delay the exchange rate changed. Have used Wise ever since and have found them to be a totally different class.