How to Send Money to New Zealand from Canada?

If you’re sending money from Canada to New Zealand, finding CAD/NZD competitive exchange rates that leave you with less out-of-pocket is crucial.

Many Canadian expats settle in New Zealand, drawn by its abundant sunshine and laid-back lifestyle. If you plan to make a life among the Kiwis, sending money from Canada to New Zealand becomes a practical necessity. Whether funding your new adventure, paying for tuition, covering mortgage payments, supporting family and friends, or investing in travel or business, finding a competitive exchange rate is key to minimizing costs.

In most cases, opting for a specialist money transfer service is your best bet for getting better value when converting your Canadian dollars to New Zealand dollars, compared to using banks.

How to transfer money to New Zealand from Canada?

When sending money from Canada to New Zealand, you have two main options: using an online money transfer service or relying on a traditional bank. Here's a step-by-step guide for each method;

Select your method: Consider using an online money transfer service if you need a quick and easy transfer. However, if you prefer a more traditional approach and don't need immediate funds, using your bank or a prepaid card might be a better option.

Obtain the necessary information: Depending on your chosen method, you'll need specific information to complete the transaction. You'll need the recipient's bank details and contact information for online services or banks.

Initiate the transfer: Provide all required information and initiate the transfer. The time for completion can vary from one day to one week, depending on your chosen method.

Track your transfer: After initiating the transfer, monitor its progress to ensure it reaches its destination. Most online services offer to track; your bank may also provide this service.

What is the best way to send money to New Zealand?

When transferring money to a New Zealand bank account, using a bank might seem the obvious choice. However, if you're looking for a better deal that combines low exchange rates, reasonable fees, and quick turnaround times, opting for a specialist foreign exchange service is the smarter move.

Take, for example, MTFX, a cost-effective option that offers rates that beat banks, potentially saving you 3-5% per transfer. If you're converting 30,000 Canadian dollars, this could mean savings of $900-$1,500, and these savings become even more significant with regular transfers.

Using such a service also makes sense because you gain access to various tools and experts that help streamline your international payment processes.

What is a good CAD/NZD exchange rate for sending money?

A keen awareness of the exchange rate trends can offer substantial savings, enhancing your overall budget. For business investors in New Zealand, monitoring the CAD/NZD or NZD/USD exchange rates before executing transactions is a strategic move. Securing the most favourable exchange rate isn't just about timing; it's a financially savvy decision that can result in substantial savings on international transfers. Utilizing tools like MTFX’s currency charts offers a straightforward method to track and predict exchange rate fluctuations, ensuring you make informed decisions that positively impact your financial outcomes.

Who can use MTFX to transfer money to New Zealand?

Both companies and individuals can use MTFX to transfer money to New Zealand from Canada.

• Individuals: As an individual, you can use MTFX to send money to your family or friends. You can also send money for investment purposes or if you’re studying or moving to New Zealand.
• Companies: Companies typically require MTFX’s services when making supplier payments to New Zealand, importing goods or services from New Zealand, or making payments to New Zealand.

What bank details are needed to transfer money to New Zealand?

When sending money to New Zealand from Canada, you will need:

• Beneficiary's name
• Beneficiary's address
• Beneficiary's account number
• Bank's name
• Bank's Swift code
• Bank's address
• Reason(s) for transfer

How to make regular money transfers from Canada?

Making regular payments is essential for obligations like monthly mortgage payments to a New Zealand lender or paying tuition to a university every semester. The good news is that setting up regular online payments to New Zealand is straightforward.

With MTFX's automation technologies, you can easily set up regular payments through your personal or business account. The MTFX online platform is secure and accessible 24/7, ensuring your payments are processed efficiently and securely.

Send money to New Zealand from Canada today

MTFX stands out as a premier foreign exchange and global payment service, offering maximum value with every transaction. Its key features include competitive exchange rates, minimal transfer fees, complimentary expert guidance, access to foreign exchange tools, and swift turnaround times of 24-48 hours. With these benefits and more, MTFX enables you to optimize your money transfers, reducing costs and maximizing the value of your international transactions.

Register with MTFX today and open your personal or business account to start enjoying the highest convenience or efficiency.

FAQs

1. How can I send money from Canada to New Zealand?

To send money from Canada to New Zealand, you have two primary options: using a bank or a specialized money transfer service like MTFX. MTFX offers competitive exchange rates and lower fees than banks, making it a cost-effective choice for international transfers.

2. How long will it take to transfer money from Canada to New Zealand?

It depends on the transfer method you select. Typically, when using a service like MTFX, funds arrive in the recipient's account within 1-2 business days.

3. How much does it cost to transfer money to New Zealand?

With MTFX, you can send money abroad for as little as $15 in transfer fees. Plus, transactions over $10,000 incur no additional fees, making MTFX significantly more affordable than banks.

4. Is it safe to send money to New Zealand from Canada online?

MTFX's registration and regulation by FINTRAC ensure the utmost safety and security when sending money abroad.