Dollars is the legal tender of New Zealand: a relatively new development, having been rolled out as the official currency in 1967. Prior to the dollar, New Zealand had been using the Pound since 1840. Originally, NZD was initially pegged to the US dollar (at a rate of 1 NZD = 1.43 USD), before becoming a free-floating currency. Currently NZD is among the most commonly traded currencies in the world.
The fastest provider is WorldRemit, transfers from this provider normally take [SPEED]. The cheapest provider we found is XE at % above the Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring ZAR to NZD.
This means that by using WorldRemit for online money transfers to New Zealand from South Africa, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access WorldRemit for any reason, our comparison engine has found XE and VertoFX also to be very good options when sending ZAR – NZD.
This recommendation was updated one minute ago.
XE has been determined by our comparison engine to currently offer you the cheapest rates possible. Many customers are caught out by hidden fees and unexpected exchange rate mark-ups, so to avoid any disappointment at a later date, be sure to acquire all the relevant information before any funds are taken for payment.
Get the Best Rate and Sign Up for Rate Alerts South Africa to New Zealand
When sending money from South Africa to New Zealand, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers.
Currently, WorldRemit is the fastest way to send ZAR – NZD. Typically these transfers should arrive with the recipient within 24 hours but it is important to consider delivery speeds are subject to daily cut-off times, office hours and public holidays. We recommend all customers review the terms and conditions in full before making a payment.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer multiple options. You are likely to find the most common methods are bank transfers and card payments, but some providers also accept cash and some will even deliver funds straight to your recipient’s door.
When it comes to sending an international money transfer from South Africa to New Zealand you will need to provide the recipient’s full name, bank name, account number, SWIFT code, and the reason for the transfer.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to New Zealand.
With WorldRemit you can send money online to New Zealand using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money New Zealand as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in New Zealand. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in New Zealand.
When sending money to New Zealand from South Africa using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. In some cases, the intermediary and incoming transfer fees will be covered by the receiving bank or financial institution in New Zealand; this is something that should be clarified ahead of making payment.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as WorldRemit, XE and VertoFX .
Before sending money to New Zealand from South Africa, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send ZAR to NZD. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in New Zealand. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in New Zealand, then they will usually need the following:
The amount of NZD you can receive from South Africa will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of NZD that can be received in New Zealand or sent from South Africa before making your transfer.