How to send money to New Zealand from Canada with the best CAD-NZD rate

Comparing based on your specific needs is the best way to send money from Canada to New Zealand with confidence.

Right now, for CAD/NZD

• Wise is our top choice for CAD to NZD transfers. Sending 10,000 CAD to NZD will cost you $49.14 in fees, and you will receive 12,147.51 NZD. The delivery time usually is within a week.

• Key Currency offers the lowest fees of the 10 available options. This cost combines the exchange rate between the Canadian Dollar and New Zealand Dollar that is 0.25% different to the mid-market rate and the fee of 0 CAD.

• Fastest way to transfer money to New Zealand from Canada is with Regency FX. For example, sending $10,000 to New Zealand with Regency FX will be 6-12 hours. But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Our analysis, and search results, include 10 providers that operate between Canada and New Zealand. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to New Zealand.

The exchange rate determines the price you’ll pay for New Zealand Dollar when you send Canadian Dollar to New Zealand.

The current exchange rate between the Canadian Dollar and New Zealand Dollar is 1.2216, but it constantly changes.

When calculating the costs of money transfers between Canada and New Zealand, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the CAD-NZD mid-market rate equals 1.2216 NZD per Canadian Dollar.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Key Currency, only 0 CAD. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in New Zealand Dollar is the biggest indicator the total cost of sending money from Canada to New Zealand. Essentially, the more the recipient receives in New Zealand, the less it is costing to send from Canada.

It’s possible that waiting a day or two can help you get more NZD for the same amount of Canadian Dollar. But, the best way to lock in a price between Canada and New Zealand is by using a forward contract.

A bank transfer is the our recommended option for money transfers between Canada and New Zealand.

Here are all the ways to send money from Canada to New Zealand:

Bank transfers

Paying via a bank transfer is often the better option for sending money from Canada to New Zealand.

By using a money transfer company such as Key Currency for transfers from Canada to New Zealand, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Canada to New Zealand with a debit or a prepaid card is easy with Xe.


Xe is a one of the better options in the market for international debit card transfers from Canada to New Zealand.

Credit cards

When it comes to credit card transfers from Canada to New Zealand, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities in both Canada and New Zealand to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Canada and New Zealand.

Some services have minimum or maximum thresholds on how much you can transfer from Canada to New Zealand.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of CAD to New Zealand. The combination of rates and fees when sending to New Zealand is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Canada, or entering New Zealand. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in New Zealand. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Canada to New Zealand will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Canada into New Zealand Dollar. Wise is the best company for bank transfers between Canada and New Zealand.

And if you need cash right away, check if cash pickup is an option for transfers between Canada and New Zealand.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When signing up to a money transfer company to send between Canada and New Zealand, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Canada this will be a government ID like a passport or driver's license. In New Zealand it will be a similar set of documents, although this should only be needed if you are opening a new account in New Zealand, or collecting in cash.

Big transactions between Canada and New Zealand, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Canada.

When sending large amounts of money between Canada and New Zealand there will be tax implications to consider.

Some transfers into New Zealand Dollar may need to be reported to tax authorities in New Zealand, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in New Zealand based on age, income and a few other elements. When in doubt, please contact a tax professional in Canada or New Zealand to discuss your personal circumstances.