TorFx is the best way to send money to South Africa. Sending NZ$10,000 gets you 91,983.78 ZAR on the other end.
| 9 of 9 providers Last updated on 10 November 2026 | |||
| Based on 10,000 NZD transfer Best companies for NZD/ZAR transfers | |||
| Promoted  Wise Pay via Bank transfer | Fees: $46.50 1 NZD = 9.2255 ZAR +0.01% vs mid-market | Recipient gets R 91,825.82 Next day | |
Ways to receive money in South Africa with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $46.501 NZD = 9.2255 ZAR R 91,825.82You pay$10,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1476 ZAR +0.85% vs mid-market | Recipient gets R 91,476.30 6-12 Hours | |
Ways to receive money in South Africa with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 9.1476 ZAR R 91,476.30You pay$10,000.00 | |||
Run a live search Showing top New Zealand to South Africa deals for 10,000 NZD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live NZD to ZAR rates. | |||
Run a live search These companies offer multi-currency accounts for spending ZAR. We suggest doing a live search based on how much NZD you're planning to spend in South Africa. | |||
Run a live search These are managed services with real human support for large NZD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TorFx Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1984 ZAR +0.30% vs mid-market | Recipient gets R 91,983.78 6-12 Hours | |
Ways to receive money in South Africa with TorFx when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 9.1984 ZAR R 91,983.78You pay$10,000.00 | |||
| Wise Pay via Bank transfer | Fees: $46.50 1 NZD = 9.2255 ZAR +0.01% vs mid-market | Recipient gets R 91,825.82 Next day | |
Ways to receive money in South Africa with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $46.501 NZD = 9.2255 ZAR R 91,825.82You pay$10,000.00 | |||
 OFX Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1799 ZAR +0.50% vs mid-market | Recipient gets R 91,799.26 6-12 Hours | |
Ways to receive money in South Africa with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 9.1799 ZAR R 91,799.26You pay$10,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1638 ZAR +0.68% vs mid-market | Recipient gets R 91,638.00 6-12 Hours | |
Ways to receive money in South Africa with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 9.1638 ZAR R 91,638.00You pay$10,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fees: $45.70 1 NZD = 9.2022 ZAR +0.26% vs mid-market | Recipient gets R 91,601.90 Within minutes | |
Ways to receive money in South Africa with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $45.701 NZD = 9.2022 ZAR R 91,601.90You pay$10,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Xe Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1476 ZAR +0.85% vs mid-market | Recipient gets R 91,476.30 6-12 Hours | |
Ways to receive money in South Africa with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 9.1476 ZAR R 91,476.30You pay$10,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fees: $2.71 1 NZD = 9.1500 ZAR +0.83% vs mid-market | Recipient gets R 91,475.00 6-12 Hours | |
Ways to receive money in South Africa with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.711 NZD = 9.1500 ZAR R 91,475.00You pay$10,000.00 | |||
| Xe Pay via Debit card | Fees: $40.00 1 NZD = 9.1476 ZAR +0.85% vs mid-market | Recipient gets R 91,110.39 6-12 Hours | |
Ways to receive money in South Africa with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $40.001 NZD = 9.1476 ZAR R 91,110.39You pay$10,000.00 | |||
 OrbitRemit Pay via Bank transfer | Fees: $0.00 1 NZD = 9.1064 ZAR +1.31% vs mid-market | Recipient gets R 91,064.20 2 Days | |
Ways to receive money in South Africa with OrbitRemit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 NZD = 9.1064 ZAR R 91,064.20You pay$10,000.00 | |||
 Moneycorp Pay via Bank transfer | Fees: $0.00 1 NZD = 9.0969 ZAR +1.40% vs mid-market | Recipient gets R 90,968.91 Next Day | |
Ways to receive money in South Africa with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 NZD = 9.0969 ZAR R 90,968.91You pay$10,000.00 | |||
| Xe Pay via Credit card | Fees: $90.00 1 NZD = 9.1476 ZAR +0.85% vs mid-market | Recipient gets R 90,653.01 6-12 Hours | |
Ways to receive money in South Africa with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $90.001 NZD = 9.1476 ZAR R 90,653.01You pay$10,000.00 | |||
| Pricing based on Revolut Standard plan Revolut Pay via Debit card | Fees: $190.00 1 NZD = 9.2022 ZAR +0.26% vs mid-market | Recipient gets R 90,274.02 Within minutes | |
Ways to receive money in South Africa with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $190.001 NZD = 9.2022 ZAR R 90,274.02You pay$10,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| How Our Results Work Mid-market rate: 1 NZD = 9.2261 ZAR Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then TorFx is the best option.
TorFx was the cheapest on 22 of the 29 days it quoted NZ$10,000 transfers to South Africa.
For recurring transfers, I'd suggest using an app or a multi-currency account like Wise.
For large transfers (NZ$10k+), a broker like TorFx is usually the best option.
New Zealand has no instant payment rail, so plan for the money to leave your account slower than you'd expect.
How much you send will affect the best option for you right now, so I suggest .
You can pay for the transfer via bank transfer, debit card, and credit card.
Bank transfers settle in batches a few times a business day, so a Friday evening payment can sit until Monday.
If you and the money transfer company use the same bank, it'll usually settle in seconds.
For your first transfer you'll need a photo ID and proof of address.
Nothing checks the recipient's name against the account number on an international transfer, so make sure to double check it.
How much NZD you send to South Africa heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows TorFx was the cheapest in 26% of the transfers from NZ$10,000 it quoted, and in 26% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $1,000 | 0.65% | $0.00 | R 9,163.90with bank transfer to bank deposit | +R 66.65 | |
| $5,000 | 0.00% | $26.07 | R 45,921.71with bank transfer to bank deposit | +R 306.02 | |
| $10,000This page | 0.30% | $0.00 | R 91,983.78with bank transfer to bank deposit | +R 661.23 | |
| $50,000 | 0.20% | $0.00 | R 460,640.77with bank transfer to bank deposit | +R 2,932.53 | |
| $250,000 | 0.15% | $0.00 | R 2,302,158.32with bank transfer to bank deposit | +R 14,438.08 |
Mid-market rate: 1 NZD = 9.2261 ZAR
The cheapest way to send NZD to ZAR can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's TorFx), across 30 days of comparisons for 10,000 NZD transfers to South Africa.
Tue, 10 Nov 2026Mid-market rateR 92,260.56 TorFx R 91,983.78TorFxR 91,983.78WiseR 91,825.82OFXR 91,799.26
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2440 | – | R 92,440.39 | |
| | 9.2163 | $0.00 | R 92,163.07 | −R 277.32 |
| | 9.2436 | $46.50 | R 92,005.67 | −R 434.72 |
| | 9.1978 | $0.00 | R 91,978.19 | −R 462.20 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2291 | – | R 92,290.71 | |
| | 9.2014 | $0.00 | R 92,013.84 | −R 276.87 |
| | 9.2287 | $46.50 | R 91,857.87 | −R 432.84 |
| | 9.1829 | $0.00 | R 91,829.26 | −R 461.45 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2690 | – | R 92,689.98 | |
| | 9.2412 | $0.00 | R 92,411.91 | −R 278.07 |
| | 9.2689 | $46.49 | R 92,258.09 | −R 431.89 |
| | 9.2227 | $0.00 | R 92,226.53 | −R 463.45 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2856 | – | R 92,856.04 | |
| | 9.2577 | $0.00 | R 92,577.47 | −R 278.57 |
| | 9.2861 | $46.47 | R 92,429.38 | −R 426.66 |
| | 9.2392 | $0.00 | R 92,391.76 | −R 464.28 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3183 | – | R 93,183.23 | |
| | 9.2904 | $0.00 | R 92,903.68 | −R 279.55 |
| | 9.3173 | $46.46 | R 92,740.22 | −R 443.01 |
| | 9.2717 | $0.00 | R 92,717.31 | −R 465.92 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3331 | – | R 93,331.49 | |
| | 9.3051 | $0.00 | R 93,051.50 | −R 279.99 |
| | 9.2865 | $0.00 | R 92,864.83 | −R 466.66 |
| | 9.3248 | $46.45 | R 92,815.26 | −R 516.23 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3331 | – | R 93,331.49 | |
| | 9.3051 | $0.00 | R 93,051.50 | −R 279.99 |
| | 9.2865 | $0.00 | R 92,864.83 | −R 466.66 |
| | 9.3248 | $46.45 | R 92,815.26 | −R 516.23 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 9.3222 | $46.45 | R 92,788.49 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3293 | – | R 93,292.53 | |
| | 9.3013 | $0.00 | R 93,012.65 | −R 279.88 |
| | 9.3309 | $46.45 | R 92,875.98 | −R 416.55 |
| | 9.2826 | $0.00 | R 92,826.07 | −R 466.46 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3286 | – | R 93,286.48 | |
| | 9.3007 | $0.00 | R 93,006.62 | −R 279.86 |
| | 9.3294 | $46.45 | R 92,860.75 | −R 425.73 |
| | 9.2820 | $0.00 | R 92,820.05 | −R 466.43 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3790 | – | R 93,790.22 | |
| | 9.3509 | $0.00 | R 93,508.85 | −R 281.37 |
| | 9.3800 | $46.42 | R 93,364.48 | −R 425.74 |
| | 9.3321 | $0.00 | R 93,321.27 | −R 468.95 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4166 | – | R 94,166.41 | |
| | 9.3884 | $0.00 | R 93,883.91 | −R 282.50 |
| | 9.4166 | $46.41 | R 93,729.27 | −R 437.14 |
| | 9.3696 | $0.00 | R 93,695.58 | −R 470.83 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4661 | – | R 94,660.84 | |
| | 9.4377 | $0.00 | R 94,376.86 | −R 283.98 |
| | 9.4188 | $0.00 | R 94,187.54 | −R 473.30 |
| | 9.4606 | $46.38 | R 94,167.42 | −R 493.42 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4661 | – | R 94,660.84 | |
| | 9.4377 | $0.00 | R 94,376.86 | −R 283.98 |
| | 9.4188 | $0.00 | R 94,187.54 | −R 473.30 |
| | 9.4606 | $46.38 | R 94,167.42 | −R 493.42 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4542 | – | R 94,541.76 | |
| | 9.4258 | $0.00 | R 94,258.13 | −R 283.63 |
| | 9.4537 | $46.39 | R 94,098.04 | −R 443.72 |
| | 9.4069 | $0.00 | R 94,069.05 | −R 472.71 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4842 | – | R 94,841.57 | |
| | 9.4557 | $0.00 | R 94,557.05 | −R 284.52 |
| | 9.4841 | $46.37 | R 94,401.22 | −R 440.35 |
| | 9.4367 | $0.00 | R 94,367.36 | −R 474.21 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3549 | – | R 93,548.99 | |
| | 9.3939 | $0.00 | R 93,938.60 | +R 389.61 |
| | 9.3268 | $0.00 | R 93,268.34 | −R 280.65 |
| | 9.3539 | $46.44 | R 93,104.70 | −R 444.29 |
| | 9.3081 | $0.00 | R 93,081.25 | −R 467.74 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3490 | – | R 93,489.60 | |
| | 9.3393 | $0.00 | R 93,392.90 | −R 96.70 |
| | 9.3209 | $0.00 | R 93,209.13 | −R 280.47 |
| | 9.3476 | $46.45 | R 93,041.70 | −R 447.90 |
| | 9.3022 | $0.00 | R 93,022.15 | −R 467.45 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3779 | – | R 93,778.73 | |
| | 9.3497 | $0.00 | R 93,497.39 | −R 281.34 |
| | 9.3769 | $46.42 | R 93,334.02 | −R 444.71 |
| | 9.3310 | $0.00 | R 93,309.84 | −R 468.89 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4341 | – | R 94,340.86 | |
| | 9.4058 | $0.00 | R 94,057.84 | −R 283.02 |
| | 9.3869 | $0.00 | R 93,869.16 | −R 471.70 |
| | 9.4067 | $46.41 | R 93,630.53 | −R 710.33 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.4332 | – | R 94,332.49 | |
| | 9.4049 | $0.00 | R 94,049.49 | −R 283.00 |
| | 9.3861 | $0.00 | R 93,860.83 | −R 471.66 |
| | 9.4067 | $46.41 | R 93,630.53 | −R 701.96 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3586 | – | R 93,585.56 | |
| | 9.3393 | $0.00 | R 93,392.90 | −R 192.66 |
| | 9.3305 | $0.00 | R 93,304.80 | −R 280.76 |
| | 9.3587 | $46.43 | R 93,152.28 | −R 433.28 |
| | 9.3118 | $0.00 | R 93,117.63 | −R 467.93 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.3675 | – | R 93,674.98 | |
| | 9.3394 | $0.00 | R 93,393.96 | −R 281.02 |
| | 9.3670 | $46.43 | R 93,235.19 | −R 439.79 |
| | 9.3207 | $0.00 | R 93,206.61 | −R 468.37 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2782 | – | R 92,782.10 | |
| | 9.3393 | $0.00 | R 93,392.90 | +R 610.80 |
| | 9.2504 | $0.00 | R 92,503.75 | −R 278.35 |
| | 9.2822 | $46.48 | R 92,390.76 | −R 391.34 |
| | 9.2318 | $0.00 | R 92,318.19 | −R 463.91 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2393 | – | R 92,392.91 | |
| | 9.3393 | $0.00 | R 93,392.90 | +R 999.99 |
| | 9.2116 | $0.00 | R 92,115.73 | −R 277.18 |
| | 9.2400 | $46.50 | R 91,969.94 | −R 422.97 |
| | 9.1931 | $0.00 | R 91,930.95 | −R 461.96 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.1996 | – | R 91,995.65 | |
| | 9.3393 | $0.00 | R 93,392.90 | +R 1,397.25 |
| | 9.1720 | $0.00 | R 91,719.66 | −R 275.99 |
| | 9.2005 | $46.52 | R 91,576.99 | −R 418.66 |
| | 9.1536 | $0.00 | R 91,535.67 | −R 459.98 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.1611 | – | R 91,611.41 | |
| | 9.1337 | $0.00 | R 91,336.58 | −R 274.83 |
| | 9.1153 | $0.00 | R 91,153.35 | −R 458.06 |
| | 9.1573 | $46.54 | R 91,146.52 | −R 464.89 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.1410 | – | R 91,410.25 | |
| | 9.1573 | $46.54 | R 91,146.52 | −R 263.73 |
| | 9.1136 | $0.00 | R 91,136.02 | −R 274.23 |
| | 9.0953 | $0.00 | R 90,953.20 | −R 457.05 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2384 | – | R 92,383.99 | |
| | 9.2107 | $0.00 | R 92,106.84 | −R 277.15 |
| | 9.2359 | $46.50 | R 91,929.83 | −R 454.16 |
| | 9.1922 | $0.00 | R 91,922.07 | −R 461.92 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.2261 | – | R 92,260.56 | |
| | 9.1984 | $0.00 | R 91,983.78 | −R 276.78 |
| | 9.2255 | $46.50 | R 91,825.82 | −R 434.74 |
| | 9.1799 | $0.00 | R 91,799.26 | −R 461.30 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 9.2261 | – | R 92,260.56 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send $10,000, after fees, as quoted by each company. The mid-market line shows what $10,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more ZAR per NZD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 4 of the last 30 days.
Right now, TorFx pays 91,983.78 ZAR on 10,000 NZD, which is 276.78 ZAR less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 94,557.05 ZAR.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to South Africa.
We've tracked 147 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest in 14% of them
Cheapest in 14% of them
Cheapest in 3% of them
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 26% of them
Cheapest in 16% of them
Cheapest in 7% of them
Based on 147 comparisons across 5 amounts over the last 30 days.
Cheapest in 40% of them
Cheapest in 11% of them
Cheapest in 5% of them
Based on 225 comparisons across 5 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today TorFx is the cheapest and gets you the most ZAR, but it was the cheapest in only 26% of the 85 comparisons it appeared in over the past month.
Wise (today's second cheapest) was the cheapest in only 16% of its comparisons, so it's rarely the cheapest option for transfers to South Africa.
If it's a one-off transfer, go with TorFx, since it's the cheapest right now.
9 companies cover NZD/ZAR transfers, between them you can send money via currency broker, online, app, multi-currency account, and global business account, and more.
Cheapest way to send NZD
The gap between the cheapest and most expensive way to send money from New Zealand is among the widest in the world, and money transfer companies and apps are usually the cheapest.
Wise charges NZ$46.50 and 0.01% markup on a NZ$10,000 transfer.
This will get you 91,825.82 ZAR and it will arrive in next day.
In our comparisons over the past month, it was the cheapest online service on 22 of the 30 days it quoted.
Best support options
For house purchase abroad, an inheritance or a pension transfer, a broker like TorFx charges no fee and adds 0.3% margin, with a real person on the phone dealing with everything end to end.
Our analysis shows TorFx was the cheapest broker in 32% of the transfers from NZ$10,000 it quoted.
Also, you can send a small NZD/ZAR transfer first to get the feel of the process before sending the rest.
I suggest getting a few quotes from brokers and seeing who's the cheapest.
Living across two countries
If you live between two countries, income in one, mortgage or family in the other, a multi-currency account holds both currencies and converts when you choose.
Wise converts NZ$10,000 at 0.01% markup and holds the ZAR until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
It’s also great for travelling to South Africa and spending it there.
For business payments from NZ
Companies like Wise Business, OFX, or Revolut Business handle business payments, recurring and batch payments, invoicing, and more.
Great for paying suppliers, contractors or staff in South Africa, or getting paid in ZAR.
With TorFx, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending NZ$10,000 gives your recipient 91,983.78 ZAR.
Pay in NZD by bank transfer, debit card, and credit card.
New Zealand bank payments still run in processing cycles, so allow time for the company to receive the payment before it can process the transfer to South Africa.
The recipient in South Africa can use bank deposit.
To send money directly to bank account or card, enter the recipient's bank details, account number and account-holder name.
You pay NZ$10,000.00
R91,984
Cheapest
You pay NZ$10,000.00
R91,110
-R873
You pay NZ$10,000.00
R90,653
-R1,331
Here are a few things to know about money transfers from New Zealand to South Africa.
For a NZ$10,000 transfer to South Africa, these are the current best options you have.
Cheapest
TorFx is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 91,983.78 ZAR, which is 0.17% more than the next best option.
Fastest
Revolut delivers 91,601.90 ZAR in within minutes when you pay by bank transfer and the recipient uses bank deposit.
New Zealand reporting entities must report international wire transfers of NZ$1,000 or more to the Financial Intelligence Unit.
It does not mean you need permission or cannot send more than NZ$1,000.
The New Zealand Police guidance on prescribed transactions explains the reporting threshold.
Keep evidence showing where the money came from, particularly for a property sale, inheritance or transfer between your own accounts.
New Zealand bank payments run daily, but the transfer company still needs to receive and match your payment before sending ZAR.
Debit-card funding may be confirmed sooner, although it can cost more.
New Zealand abolished gift duty, so there is no New Zealand gift tax simply because you send money to family in South Africa.
Keep a record showing that it was a gift, loan or transfer of your own money because the recipient's tax position can differ.
New Zealand's Depositor Compensation Scheme covers eligible deposits at licensed deposit takers.
It does not cover money after it has been sent to a non-bank transfer company.
The Reserve Bank explains the scheme's scope in a bit more detail.
Most of our pricing comes straight from the companies, and anything collected by hand is labelled in the table as indicative.
That covers 9 registered financial service providers sending NZD to South Africa, updated in real time on live searches and compared on rates, fees, speed and the ways to pay and collect.
In the past 30 days alone, we analysed 147 comparisons across 5 amounts.
This page covers the cheapest and fastest options for NZD/ZAR transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Each goes through our review. Learn more:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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