OFX is the best way to send money to Tanzania. Sending NZ$10,000 gets you 14,769,290.9 TZS on the other end.
| 3 of 3 providers Last updated on 28 October 2026 | |||
| Based on 10,000 NZD transfer Best companies for NZD/TZS transfers | |||
| Promoted  Xe Pay via Bank transfer | Fees: $0.00 1 NZD = 1428.3990 TZS +3.84% vs mid-market | Recipient gets TZS 14,283,990.00 6-12 Hours | |
Ways to receive money in Tanzania with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 1428.3990 TZS TZS 14,283,990.00You pay$10,000.00 | |||
| Promoted  OFX Pay via Bank transfer | Fees: $0.00 1 NZD = 1476.9291 TZS +0.50% vs mid-market | Recipient gets TZS 14,769,290.90 6-12 Hours | |
Ways to receive money in Tanzania with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 1476.9291 TZS TZS 14,769,290.90You pay$10,000.00 | |||
Run a live search Showing top New Zealand to Tanzania 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 TZS rates. | |||
Run a live search These companies offer multi-currency accounts for spending TZS. We suggest doing a live search based on how much NZD you're planning to spend in Tanzania. | |||
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. | |||
| OFX Pay via Bank transfer | Fees: $0.00 1 NZD = 1476.9291 TZS +0.50% vs mid-market | Recipient gets TZS 14,769,290.90 6-12 Hours | |
Ways to receive money in Tanzania with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 1476.9291 TZS TZS 14,769,290.90You pay$10,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fees: $41.80 1 NZD = 1465.7383 TZS +1.26% vs mid-market | Recipient gets TZS 14,596,114.64 Within minutes | |
Ways to receive money in Tanzania with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $41.801 NZD = 1465.7383 TZS TZS 14,596,114.64You 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 = 1428.3990 TZS +3.84% vs mid-market | Recipient gets TZS 14,283,990.00 6-12 Hours | |
Ways to receive money in Tanzania with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 1428.3990 TZS TZS 14,283,990.00You pay$10,000.00 | |||
| Xe Pay via Debit card | Fees: $40.00 1 NZD = 1428.3990 TZS +3.84% vs mid-market | Recipient gets TZS 14,226,854.04 6-12 Hours | |
Ways to receive money in Tanzania with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $40.001 NZD = 1428.3990 TZS TZS 14,226,854.04You pay$10,000.00 | |||
| Xe Pay via Credit card | Fees: $90.00 1 NZD = 1428.3990 TZS +3.84% vs mid-market | Recipient gets TZS 14,155,434.09 6-12 Hours | |
Ways to receive money in Tanzania with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $90.001 NZD = 1428.3990 TZS TZS 14,155,434.09You pay$10,000.00 | |||
| How Our Results Work Mid-market rate: 1 NZD = 1484.3508 TZS Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then OFX is the best option.
OFX was the cheapest on 30 of the 30 days it quoted NZ$10,000 transfers to Tanzania.
For recurring transfers, I'd suggest using an app or a multi-currency account like Revolut.
For large transfers (NZ$10k+), a broker like OFX 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 Tanzania 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 OFX was the cheapest in 48% of the transfers from NZ$10,000 it quoted, and in 57% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $1,000 | 0.65% | $0.00 | TZS 1,474,438.00with bank transfer to bank deposit | +TZS 25,485.80 | |
| $5,000 | 0.65% | $0.00 | TZS 7,353,607.42with bank transfer to bank deposit | +TZS 143,349.19 | |
| $10,000This page | 0.50% | $0.00 | TZS 14,769,290.90with bank transfer to bank deposit | +TZS 362,954.17 | |
| $50,000 | 0.25% | $0.00 | TZS 73,766,328.53with bank transfer to bank deposit | +TZS 1,509,846.84 | |
| $250,000 | 0.20% | $0.00 | TZS 370,454,803.60with bank transfer to bank deposit | +TZS 2,259,522.02 |
Mid-market rate: 1 NZD = 1484.3508 TZS
The cheapest way to send NZD to TZS 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 OFX), across 30 days of comparisons for 10,000 NZD transfers to Tanzania.
Wed, 28 Oct 2026Mid-market rateTZS 14,843,508.44 OFX TZS 14,769,290.90OFXTZS 14,769,290.90RevolutTZS 14,596,114.64XeTZS 14,283,990.00
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1499.5226 | – | TZS 14,995,225.82 | |
| | 1492.0250 | $0.00 | TZS 14,920,249.69 | −TZS 74,976.13 |
| | 1469.7299 | $55.00 | TZS 14,616,464.26 | −TZS 378,761.56 |
| | 1427.3210 | $0.00 | TZS 14,273,210.00 | −TZS 722,015.82 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1499.7694 | – | TZS 14,997,694.45 | |
| | 1492.2706 | $0.00 | TZS 14,922,705.98 | −TZS 74,988.47 |
| | 1472.1467 | $55.00 | TZS 14,640,499.24 | −TZS 357,195.21 |
| | 1416.9918 | $0.00 | TZS 14,169,918.00 | −TZS 827,776.45 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1483.0898 | – | TZS 14,830,898.14 | |
| | 1475.6744 | $0.00 | TZS 14,756,743.65 | −TZS 74,154.49 |
| | 1466.8613 | $55.00 | TZS 14,587,935.83 | −TZS 242,962.31 |
| | 1416.5998 | $0.00 | TZS 14,165,998.00 | −TZS 664,900.14 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1481.4376 | – | TZS 14,814,375.76 | |
| | 1474.0304 | $0.00 | TZS 14,740,303.88 | −TZS 74,071.88 |
| | 1461.0760 | $55.00 | TZS 14,530,400.84 | −TZS 283,974.92 |
| | 1408.8088 | $0.00 | TZS 14,088,088.00 | −TZS 726,287.76 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1479.9492 | – | TZS 14,799,491.63 | |
| | 1472.5494 | $0.00 | TZS 14,725,494.17 | −TZS 73,997.46 |
| | 1458.2283 | $155.00 | TZS 14,356,257.24 | −TZS 443,234.39 |
| | 1411.5822 | $0.00 | TZS 14,115,822.00 | −TZS 683,669.63 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1476.7160 | – | TZS 14,767,159.56 | |
| | 1469.3324 | $0.00 | TZS 14,693,323.76 | −TZS 73,835.80 |
| | 1458.2283 | $155.00 | TZS 14,356,257.24 | −TZS 410,902.32 |
| | 1411.5822 | $0.00 | TZS 14,115,822.00 | −TZS 651,337.56 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1474.6928 | – | TZS 14,746,927.55 | |
| | 1467.3193 | $0.00 | TZS 14,673,192.91 | −TZS 73,734.64 |
| | 1454.9227 | $55.00 | TZS 14,469,206.32 | −TZS 277,721.23 |
| | 1413.0914 | $0.00 | TZS 14,130,914.00 | −TZS 616,013.55 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1472.0287 | – | TZS 14,720,286.52 | |
| | 1464.6685 | $0.00 | TZS 14,646,685.09 | −TZS 73,601.43 |
| | 1469.5770 | $55.00 | TZS 14,614,943.04 | −TZS 105,343.48 |
| | 1409.0636 | $0.00 | TZS 14,090,636.00 | −TZS 629,650.52 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1481.7473 | – | TZS 14,817,473.29 | |
| | 1474.3386 | $0.00 | TZS 14,743,385.92 | −TZS 74,087.37 |
| | 1455.8879 | $55.00 | TZS 14,478,804.95 | −TZS 338,668.34 |
| | 1414.8456 | $0.00 | TZS 14,148,456.00 | −TZS 669,017.29 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1470.7617 | – | TZS 14,707,616.66 | |
| | 1463.4079 | $0.00 | TZS 14,634,078.58 | −TZS 73,538.08 |
| | 1463.6582 | $41.80 | TZS 14,575,401.41 | −TZS 132,215.25 |
| | 1404.8594 | $0.00 | TZS 14,048,594.00 | −TZS 659,022.66 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1485.1775 | – | TZS 14,851,775.45 | |
| | 1477.7517 | $0.00 | TZS 14,777,516.57 | −TZS 74,258.88 |
| | 1469.5212 | $41.80 | TZS 14,633,786.04 | −TZS 217,989.41 |
| | 1406.1138 | $0.00 | TZS 14,061,138.00 | −TZS 790,637.45 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1480.2758 | – | TZS 14,802,757.84 | |
| | 1472.8744 | $0.00 | TZS 14,728,744.05 | −TZS 74,013.79 |
| | 1466.3112 | $141.80 | TZS 14,455,188.98 | −TZS 347,568.86 |
| | 1408.8774 | $0.00 | TZS 14,088,774.00 | −TZS 713,983.84 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1480.2758 | – | TZS 14,802,757.84 | |
| | 1472.8744 | $0.00 | TZS 14,728,744.05 | −TZS 74,013.79 |
| | 1466.3112 | $141.80 | TZS 14,455,188.98 | −TZS 347,568.86 |
| | 1408.8774 | $0.00 | TZS 14,088,774.00 | −TZS 713,983.84 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1479.2252 | – | TZS 14,792,251.81 | |
| | 1471.8291 | $0.00 | TZS 14,718,290.55 | −TZS 73,961.26 |
| | 1466.4465 | $41.80 | TZS 14,603,167.33 | −TZS 189,084.48 |
| | 1407.6230 | $0.00 | TZS 14,076,230.00 | −TZS 716,021.81 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1480.4094 | – | TZS 14,804,093.53 | |
| | 1473.0073 | $0.00 | TZS 14,730,073.06 | −TZS 74,020.47 |
| | 1466.1848 | $41.80 | TZS 14,600,561.49 | −TZS 203,532.04 |
| | 1402.6348 | $0.00 | TZS 14,026,348.00 | −TZS 777,745.53 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1477.6296 | – | TZS 14,776,295.95 | |
| | 1470.2414 | $0.00 | TZS 14,702,414.47 | −TZS 73,881.48 |
| | 1456.1992 | $41.80 | TZS 14,501,123.11 | −TZS 275,172.84 |
| | 1406.5254 | $0.00 | TZS 14,065,254.00 | −TZS 711,041.95 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1482.6670 | – | TZS 14,826,669.97 | |
| | 1475.2537 | $0.00 | TZS 14,752,536.62 | −TZS 74,133.35 |
| | 1453.8925 | $41.80 | TZS 14,478,152.16 | −TZS 348,517.81 |
| | 1401.7920 | $0.00 | TZS 14,017,920.00 | −TZS 808,749.97 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1495.6053 | – | TZS 14,956,052.76 | |
| | 1488.1272 | $0.00 | TZS 14,881,272.50 | −TZS 74,780.26 |
| | 1482.2911 | $41.80 | TZS 14,760,951.38 | −TZS 195,101.38 |
| | 1409.3184 | $0.00 | TZS 14,093,184.00 | −TZS 862,868.76 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1497.4900 | – | TZS 14,974,900.34 | |
| | 1490.0026 | $0.00 | TZS 14,900,025.84 | −TZS 74,874.50 |
| | 1473.4529 | $141.80 | TZS 14,525,593.16 | −TZS 449,307.18 |
| | 1416.0902 | $0.00 | TZS 14,160,902.00 | −TZS 813,998.34 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1497.4900 | – | TZS 14,974,900.34 | |
| | 1490.0026 | $0.00 | TZS 14,900,025.84 | −TZS 74,874.50 |
| | 1473.4529 | $141.80 | TZS 14,525,593.16 | −TZS 449,307.18 |
| | 1416.0902 | $0.00 | TZS 14,160,902.00 | −TZS 813,998.34 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1495.7348 | – | TZS 14,957,348.49 | |
| | 1488.2562 | $0.00 | TZS 14,882,561.75 | −TZS 74,786.74 |
| | 1477.9353 | $41.80 | TZS 14,717,575.54 | −TZS 239,772.95 |
| | 1418.5990 | $0.00 | TZS 14,185,990.00 | −TZS 771,358.49 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1503.8829 | – | TZS 15,038,829.00 | |
| | 1496.3635 | $0.00 | TZS 14,963,634.86 | −TZS 75,194.14 |
| | 1419.8534 | $0.00 | TZS 14,198,534.00 | −TZS 840,295.00 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1506.9754 | – | TZS 15,069,754.35 | |
| | 1499.4406 | $0.00 | TZS 14,994,405.58 | −TZS 75,348.77 |
| | 1485.5856 | $41.80 | TZS 14,793,758.93 | −TZS 275,995.42 |
| | 1425.3708 | $0.00 | TZS 14,253,708.00 | −TZS 816,046.35 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1506.0417 | – | TZS 15,060,417.22 | |
| | 1498.5115 | $0.00 | TZS 14,985,115.13 | −TZS 75,302.09 |
| | 1486.3714 | $41.80 | TZS 14,801,583.83 | −TZS 258,833.39 |
| | 1427.1250 | $0.00 | TZS 14,271,250.00 | −TZS 789,167.22 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1504.7608 | – | TZS 15,047,607.57 | |
| | 1497.2370 | $0.00 | TZS 14,972,369.53 | −TZS 75,238.04 |
| | 1485.5879 | $41.80 | TZS 14,793,781.20 | −TZS 253,826.37 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1511.0352 | – | TZS 15,110,351.91 | |
| | 1503.4800 | $0.00 | TZS 15,034,800.15 | −TZS 75,551.76 |
| | 1485.9264 | $141.80 | TZS 14,648,559.86 | −TZS 461,792.05 |
| | 1428.3794 | $0.00 | TZS 14,283,794.00 | −TZS 826,557.91 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1511.0352 | – | TZS 15,110,351.91 | |
| | 1503.4800 | $0.00 | TZS 15,034,800.15 | −TZS 75,551.76 |
| | 1485.9264 | $141.80 | TZS 14,648,559.86 | −TZS 461,792.05 |
| | 1428.3794 | $0.00 | TZS 14,283,794.00 | −TZS 826,557.91 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1504.7377 | – | TZS 15,047,376.61 | |
| | 1497.2140 | $0.00 | TZS 14,972,139.73 | −TZS 75,236.88 |
| | 1486.0317 | $41.80 | TZS 14,798,201.14 | −TZS 249,175.47 |
| | 1428.8792 | $0.00 | TZS 14,288,792.00 | −TZS 758,584.61 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1504.8513 | – | TZS 15,048,513.06 | |
| | 1497.3270 | $0.00 | TZS 14,973,270.49 | −TZS 75,242.57 |
| | 1486.8229 | $41.80 | TZS 14,806,079.31 | −TZS 242,433.75 |
| | 1428.3990 | $0.00 | TZS 14,283,990.00 | −TZS 764,523.06 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1484.3508 | – | TZS 14,843,508.44 | |
| | 1476.9291 | $0.00 | TZS 14,769,290.90 | −TZS 74,217.54 |
| | 1465.7383 | $41.80 | TZS 14,596,114.64 | −TZS 247,393.80 |
| | 1428.3990 | $0.00 | TZS 14,283,990.00 | −TZS 559,518.44 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 1484.3508 | – | TZS 14,843,508.44 | |
|---|---|---|---|---|
| | ||||
| | ||||
| |
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 TZS per NZD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of TZS on every transfer from New Zealand.
Right now, OFX pays 14,769,290.9 TZS on 10,000 NZD, which is 74,217.54 TZS less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 15,034,800.15 TZS.
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 Tanzania.
We've tracked 108 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest in 59% of them
Cheapest in 3% of them
Never the cheapest
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 57% of them
Cheapest in 1% of them
Never the cheapest
Based on 108 comparisons across 5 amounts over the last 30 days.
Cheapest in 60% of them
Cheapest in 1% of them
Never the cheapest
Based on 123 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 OFX is the cheapest and gets you the most TZS, and it was also the cheapest in 57% of the 106 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Tanzania.
Revolut (today's second cheapest) was the cheapest in only 1% of its comparisons, so it's rarely the cheapest option for transfers to Tanzania.
3 companies cover NZD/TZS transfers, between them you can send money via broker, app, multi-currency account, global account, and online, 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.
Revolut charges NZ$41.8 and 1.26% markup on a NZ$10,000 transfer.
This will get you 14,596,114.64 TZS and it will arrive in within minutes.
In our comparisons over the past month, it was the cheapest online service on 29 of the 29 days it quoted.
Best support options
For house purchase abroad, an inheritance or a pension transfer, a broker like OFX charges no fee and adds 0.5% margin, with a real person on the phone dealing with everything end to end.
Our analysis shows OFX was the cheapest broker in 48% of the transfers from NZ$10,000 it quoted.
Also, you can send a small NZD/TZS 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.
Revolut converts NZ$10,000 at 1.26% markup and holds the TZS 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 Tanzania 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 Tanzania, or getting paid in TZS.
With OFX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending NZ$10,000 gives your recipient 14,769,290.9 TZS.
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 Tanzania.
The recipient in Tanzania 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
TSh14,769,291
Cheapest
You pay NZ$10,000.00
TSh14,226,854
-TSh542,437
You pay NZ$10,000.00
TSh14,155,434
-TSh613,857
Here are a few things to know about money transfers from New Zealand to Tanzania.
For a NZ$10,000 transfer to Tanzania, these are the current best options you have.
Cheapest
OFX is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 14,769,290.9 TZS, which is 1.17% more than the next best option.
Fastest
Revolut delivers 14,596,114.64 TZS 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 TZS.
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 Tanzania.
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 3 registered financial service providers sending NZD to Tanzania, 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 108 comparisons across 5 amounts.
This page covers the cheapest and fastest options for NZD/TZS 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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