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

2148 posts

Uber Geek

#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

254 posts

Ultimate Geek

#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

20574 posts

Uber Geek

Trusted

Lifetime subscriber

#2169630 29-Jan-2019 14:06

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

JayADee

2148 posts

Uber Geek

#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

2148 posts

Uber Geek

#2169683 29-Jan-2019 15:42

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

Handle9

11386 posts

Uber Geek

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Lifetime subscriber

#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

2148 posts

Uber Geek

#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.

Jashan

78 posts

Master Geek

Trusted

#2170077 30-Jan-2019 10:24

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

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stinger

628 posts

Ultimate Geek
Inactive user

#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

78 posts

Master Geek

Trusted

#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

628 posts

Ultimate Geek
Inactive user

#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

8312 posts

Uber Geek

#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....