Quick Summary
For New Zealanders looking to send money overseas, Wise (formerly TransferWise) is often the most efficient and cost-effective option. It offers lower fees, better exchange rates, and faster transfer times compared to traditional banks.
Details
Sending Money Overseas from NZ
When it comes to transferring money internationally from New Zealand, several factors make choosing the right provider crucial. Traditional banks can often charge high fees and offer less favourable exchange rates.
Why Wise is a Great Option for Kiwis:
- Cost-Effective: Wise generally provides lower fees and better exchange rates than traditional banks, meaning more of your money reaches its destination.
- Transparency: You'll see the exact fees and exchange rates upfront, so there are no hidden costs.
- Speed: Transfers through Wise are typically faster than standard bank transfers.
- Convenience: Their user-friendly online platform and mobile app make it easy to send money from anywhere, anytime.
Setting up an account with Wise is straightforward, making it a convenient solution for both personal and business international money transfers originating from NZ.