How to transfer money from NZ to Canada?

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Forums › Finance and wealth management › How to transfer money from NZ to Canada?

JayADee

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#245324 29-Jan-2019 13:46

Mum just lost her job unexpectedly through no fault of her own. How can I get some money from NZ (where I live) to Canada where she lives?

engedib

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#2169619 29-Jan-2019 13:53

Transferwise is the cheapes / quickest /easiest.

With a referral link you can do a free transfer up to around $1000.

Cheers,

MCSE+M/S, MCITP

timmmay

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#2169630 29-Jan-2019 14:06

There's some options in this thread, including one service I've personally used.

JayADee

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#2169633 29-Jan-2019 14:18

Thanks. Transferwise looks pretty good.
What kind of recipient info do they need (would prefer t know before filling the form out). Going to send it via my sister because mum isn't online.

JayADee

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#2169683 29-Jan-2019 15:42

Never mind, found the info on the page. Thanks again.

Handle9

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#2169685 29-Jan-2019 15:46

Currencyfair is good as well. It just depends whether you are sending large amounts or smaller ones as they have different commision structures.

JayADee

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#2170065 30-Jan-2019 10:02

Handle9: Currencyfair is good as well. It just depends whether you are sending large amounts or smaller ones as they have different commision structures.

Good tip, thanks.

New World

Shop on-line at New World now for your groceries (affiliate link).

Jashan

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#2170077 30-Jan-2019 10:24

I've been using WorldRemit and it's been working for me fine. fees are usually $3.99

stinger

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#2170126 30-Jan-2019 12:33

Jashan:

I've been using WorldRemit and it's been working for me fine. fees are usually $3.99

World Remit are also clipping the ticket on the exchange rate offered. For example to send AU$500 is NZ$527.32 with Transfer Wise, and NZ$534.35 with World Remit.

Jashan

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#2170150 30-Jan-2019 13:25

I think WorldRemit has a flat fee of NZD $3.99 whereas Transfer Wise has a 0.4% of the amount remitted + NZD $1.50.

stinger

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#2170154 30-Jan-2019 13:36

Jashan:

I think WorldRemit has a flat fee of NZD $3.99 whereas Transfer Wise has a 0.4% of the amount remitted + NZD $1.50.

World Remit's exchange rate (0.94164) is worse than Transfer Wise (0.95469, or 0.9508 after 0.4% is taken off) which is why in this example Transfer Wise is a cheaper option. YMMV.

wellygary

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#2170240 30-Jan-2019 14:28

Jashan:

I think WorldRemit has a flat fee of NZD $3.99 whereas Transfer Wise has a 0.4% of the amount remitted + NZD $1.50.

As others have said, its not just the fee where they clip the ticket, taking a slice of the actual ex. rate offered is a well worn path that banks and money changers have engaged in since currencies existed....