How to send money to Canada from New Zealand
The best way to send NZD to CAD | Wise |
The total number of New Zealand to Canadian Dollar providers | 8 |
The average cheapest way to send money from New Zealand to Canada | TorFx |
Best option for debit card transfers | Wise |
Best option for bank transfers | Wise |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from New Zealand to Canada
We recommend using Wise for money transfers to Canada from New Zealand.
We analyzed 8 providers that allow NZD to CAD transfers. Wise emerged as the best option in 80% of searches.
What’s the cheapest way to send money from New Zealand to Canada?
Based on results from the last 3 months, of the 8 providers we list, the cheapest way to send money from the New Zealand to Canada was TorFx, and the average cheapest payment method was Bank Transfer.
TorFx has averaged 0% cheaper than the next nearest provider for money transfers to Canada from New Zealand.
Just to make you aware, Bank Transfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Canada from New Zealand is calculated
The cost of sending money from New Zealand to New Zealand depends on several things, including:
The mid-market rate
The current mid-market rate between NZD and CAD is 0.812695. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.47% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between New Zealand and Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of New Zealand Dollar to Canadian Dollar (0.19) and fees (0).
Bank transfers from New Zealand to Canada
Bank transfers are the most common way of sending NZD to Canada as they are secure, reliable, and convenient.
If you want to send New Zealand Dollars to Canada through a bank transfer, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 100% of the time.
That’s because companies like Wise bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for New Zealand Dollars into Canada have averaged significantly lower than banks for the last 3 months.
Credit card payments from New Zealand to Canada
Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send New Zealand Dollars to Canada with a credit card, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 100% of the time.
Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.
Debit card payments from New Zealand to Canada
Debit card payments let you send money from the New Zealand to Canada with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.
If you want to send New Zealand Dollars to Canada with a debit card, Wise has been the top rated provider in our comparison system for the last 3 months, recommended 100% of the time.
Finding the best exchange rate for NZD to CAD
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Canadian Dollars you can get for your New Zealand Dollars. The average New Zealand Dollar to Canadian Dollar mid-market rate over the last month was , with a low of and a high of .
For comparison, the best exchange rate for NZD to CAD right now is through Wise, at a difference of 0%.
How we find the best transfer deals from New Zealand to Canada
We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Canada and New Zealand.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending New Zealand Dollar to Canada, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
