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Includes Fee

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market FX rates sourced directly from Reuters and add absolutely no margins!
Fast & Easy Transfers
Sign up, verify your account and get transacting. The recipient typically gets the money in 1-2 business days.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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A Happy You! Is Why We Do What We Do

Transfer Money To New Zealand At Zero-Margin Rates

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Send Money To New Zealand

Quit paying exorbitant bank fees on money transfers to New Zealand. Switch to cost-efficient overseas money transfers with InstaReM. Though banks and other money transfer services may seem like the obvious choice for transferring funds to New Zealand, you are probably unaware that these services actually eat up a substantial amount of your money and your recipient ends up receiving a significantly lesser amount. At InstaReM, we do away with all issues that plague overseas money transfers. We offer our Zero-Margin FX rates for currency conversion. You get mid-market rates sourced directly from Reuters. There are no margins or spreads added to our exchange rates. You can even compare our rates with independent sources such as Google, Reuters and XE. At InstaReM, you get exactly what you see - nothing less.

Our transaction fee and processing time, too, are much better than what banks and other money transfer services offer. Our mission is to make overseas money transfers cost-efficient and transparent, and we do just that for our clients. The World Bank has consistently ranked InstaReM as the most cost-efficient money transfer service in several corridors around the world. InstaReM is licensed to operate in Australia, Singapore, Hong Kong, Malaysia, the US, Europe, India and Canada.

If you send money to New Zealand often, InstaReM is a great option as you can save a good amount of money on your international transfers. Our competitive pricing, transparency and easy-to-use interface ensure that you get a great deal every time you send money with us.

We have an amazing first transaction InstaPoints bonus and a referral programme that is beneficial to both the you and your friends and family whom you refer. Like what you saw so far? Signup now and start sending money to New Zealand!

Frequently Asked Questions
  • Is it safe to send money to New Zealand through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorized access, fraud, and money laundering.
  • How much does it cost to send money to New Zealand through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to EUR, the fee is 0.5%. For payments from SGD to EUR, the fee is 0.25%. For transfers from MYR to EUR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to New Zealand through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in New Zealand are covered by InstaReM? InstaReM covers all banks in New Zealand, including Australia and New Zealand Banking Group, ASB, Bank Of New Zealand and Westpac, among many others.
  • What details are required to send money to New Zealand?
    1. Name: When sending to individuals in New Zealand, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in New Zealand.
    3. Account no: Beneficiary’s local account number in New Zealand.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to New Zealand.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for New Zealand here.
  • Can I send money to the bank account of a business based in New Zealand through InstaReM? Yes. You can use InstaReM for business transfers to New Zealand.
  • What are the minimum and maximum limits for sending money to New Zealand through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available in New Zealand for payout? We make payouts in New Zealand in NZD and USD only.
  • For what purposes can I send money to New Zealand through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in New Zealand from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in New Zealand
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in New Zealand? No. InstaReM does not support transfers to an email address in New Zealand.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America