Need to send money to New Zealand? Considering a wire to transfer the money to New Zealand? Before you walk into your bank to organise it, be sure to check the wire transfer fees. You may get a shock just what the costs will be and depending on the amount of the wire, it might not be worth sending the money by bank wire transfer to send the money by other means.
What can make it even worse is in addition to your bank imposing a fee for sending the money to a place in New Zealand, the person getting the transfer of funds may incur a fee from the bank where they have their account. One way to reduce the possibilty of this fee is to remit the international wire transfer in their designated currency.
To process a wire transfer to New Zealand, you will possibly need a SWIFT code. These are different for each financial institution and based on a number of things including the bank and country.
SWIFT Country Code
Central Bank Name
Reserve Bank of New Zealand
New Zealand Dollar