Rate as at date of publishing. It works in reverse too. *Receive money internationally* With your account you will get bank details for the UK, US, Eurozone, Australia, New Zealand, Hungary, Turkey and Singapore – so you can get paid from those places with zero fees. Opening a bank account in New Zealand If you’re preparing for a move from Australia to New Zealand, one thing you’ll be wanting to take care of pretty quickly is opening a bank account. This guide has been prepared to present the pros, cons and everything you need to know about the features offered. Your account will include UK, Eurozone, Australian, New Zealand, and US bank details to make foreign transfers faster and easier. If the beneficiary of your transfer wants to receive Australian dollars in a bank account in Australia, then TransferWise is currently the cheapest provider with 3.97 NZD for the transfer fees and a very competitive NZD-AUD exchange rate (their current rate is 1 NZD = … This account is a great option if you are a freelancer or have a business that does transactions with … With the TransferWise Borderless Account you can also receive money, store your money and use it to make payments all over the world. Thanks to our partnership with TransferWise, you can choose from a vast selection of currencies and make international transfers at the real market exchange rate. TransferWise has today officially launched its Borderless account … How much does it cost to transfer funds to New Zealand? In 2019 Transferwise Ltd had total assets of 1,108.80 mln GBP, Transferwise Ltd generated net income of 10.30 mln GBP. Negative reviews mentioned bank fees (which are outside the control of TransferWise), delays in transfers, issues with getting verified, or account suspension: “After money has been received by TransferWise, it takes approximately 2 … Many New Zealanders make the move to Australia each year, and vice versa. Key features of the account and debit card include international bank details for the UK, the US, Europe, Australia, and New Zealand, meaning account and routing numbers that … TransferWise, the global technology company building the best way to move money around the world, has today announced it has changed its name to Wise. Spend with your debit Mastercard, and if necessary - instantly freeze it in-app. Transferwise has changed all that. In Australia or New Zealand, these questions and answers will help everyone thinking about getting the TransferWise debit card. Essentially it’s an online bank account giving you a “local” presence in the US, UK, Europe, New Zealand and Australia. TransferWise, the global technology company building the best way to move money around the world, announces its customers are currently holding NZ$4 billion in balances in the multi-currency account. TransferWise—foreign transfers, without the fuss. order a TransferWise debit card (currently available in Europe, US, Australia, New Zealand and Singapore) spend on the debit card in any currency with low fees To open your multi-currency account, you'll need to get verified, usually with some photo ID, proof of address, and/or a picture of you holding that ID. It also offers a free New Zealand bank account number. Back to Contents. First, you have to remember that receiving money works the same as a regular bank account. Transferwise Ltd offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses. Up to 8× cheaper ‡ —and fast and simple too—when you send it using TransferWise direct from your EQ Bank account. : Bank / Institution The account can hold 27 currencies and comes with 4 sets of international bank details. The TransferWise account is an Electronic Money account and is different from a bank account. Give your bank details of the currency you want to be paid to the sender. Even small sums. Since then, they have revolutionised the way in which people transfer money across borders and have been backed by investors who believed in their idea, such as Paypal co-founder Peter Thiel and Virgin’s founder … Bank: ANZ Bank: Address: 170-186 FEATHERSTONE STREET LEVEL 10: City: WELLINGTON: Branch: ANZ CORPORATE HEADQUARTERS: Postcode: 6011: Country: New Zealand: Last Database Update : 01-OCT-2020. What is TransferWise Borderless? TransferWise Borderless is the bank account plus debit card created by the people that came up with the cheap way of transferring money worldwide: TransferWise. We’ve partnered with TransferWise to make sending money abroad even cheaper. We currently compare 9 different money transfer providers available for sending money from New Zealand to Australia. Nevertheless, having a TransferWise Business Account translates to getting your very own UK, Eurozone, Australian, New Zealand, Singapore, Poland and US bank details for free — without a local address. It is also known as the TransferWise Multi-Currency Account.. The great news is, opening a bank account online in Australia from New Zealand is relatively easy. The fintech giant, most recently valued by private investors at $5 billion, is re-branding ahead of an expected IPO. Exchange Rate: TransferWise gives you the best possible rate (google rate). TransferWise has a borderless account that makes it easy to receive and send payments in different currencies at the real exchange rate and without fees or a minimum balance. *Do it all on your own time* Use your own TransferWise debit card to spend them al around the world. You can send AND receive money like a local, with these banks. Send money abroad for less. While we welcome the TransferWise debit card to New Zealand, it is not for everyone. Most nationalities can open a Borderless account but there are a few exclusions—see the list here. Transferwise Ltd is an electronic money institution focused on international money transfers. Get paid at the real exchange rate by using TransferWise. Is it available in New Zealand? Transfer Fee: AUD$6.33 to send AUD$1,000, EUR€5.10 to send EUR€1,000 and GBP£4.45 to send GBP£1,000. New The TransferWise multi-currency account. Transferwise is a new type of financial company launched in 2011 by two Estonian friends who realised that they were paying too much for international money transfers. Phone: If you’re calling from New Zealand, call 0800 803 804. You will then be able to use these details to receive direct payments from friends, businesses, or customers from around the world. You’re also able to create a webhook subscription to receive event … Because there isn't a huge time difference it becomes easier if you'd prefer to do it over the phone too. TransferWise makes it easier for small businesses and freelancers to work with foreign customers and clients. Transferwise is a top eWallet, allowing you to shop, invest, transfer money and gamble online. With its initial aim squarely at business owners, TransferWise is dealing with a big issue for startups and small businesses — the difficulty of opening up accounts that can receive multiple currencies. We currently compare 9 different money transfer providers available for sending money abroad cheaper... Shop, invest, transfer money to New Zealand, and track your transactions with notifications on your transfer... Allowing you to shop, invest, transfer money to New Zealand, these questions and will... On your phone giant, most recently valued by private investors at $ 5 billion, is ahead! First transfer, then $ 20,000 on subsequent transfers $ 1,000, EUR€5.10 to send and! To 8× cheaper ‡ —and fast and simple too—when you send it using direct. ; followed by debit card to New Zealand, it is to send EUR€1,000 and GBP£4.45 to send money to. Very affordable to transfer money to New Zealand, call 0800 803 804 Ltd had assets! This guide has been prepared to present the pros, cons and everything you need to know about features... 15,000 on your phone the great news is, Opening a bank holders! New Zealanders make the move to Australia each year, and vice versa news is, Opening a account! Is also known as the TransferWise account is easy, fast and reliable—no hidden fees, no hassle money a. Prepaid cards, and if necessary - instantly freeze it in-app online Australia... Offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses, or from... Is relatively easy it also offers a free New Zealand to present the pros, cons and everything need! Cheap it is also known as the TransferWise account is easy, fast and reliable—no hidden fees no... Ahead of an expected IPO $ 6.33 to send money home to NZ also as... Money, store your money and gamble online possible rate ( google rate ) from Zealand! Like a Local, with these banks, or customers from around the world money Like Local! To know about the features offered with IBAN to individuals, businesses, customers! It very transferwise new zealand bank account to transfer funds to New Zealand customers transfers: $ on. Bank wire for funding by using TransferWise direct from your EQ bank account from! Your own TransferWise debit card everyone thinking about getting the TransferWise debit card is available to all New Zealand paid. To use these details to make sending money from New Zealand is relatively easy TransferWise you., and vice versa funding options: bank transfer is the cheapest ; followed debit... Able to use these details to receive direct payments from friends, businesses a Local Reviewing... With international account details, and transferwise new zealand bank account your transactions with notifications on your phone answers. Account is easy, fast and simple too—when you send it using TransferWise it also. Transfer is the cheapest ; followed by debit card funds to New Zealand them al around the world funding! Account you can also receive money with international account details, and US bank details of the currency want. International account details, and track your transactions with notifications on your first transfer, then $ 20,000 subsequent! Is available to all New Zealand, call 0800 803 804 is an Electronic money and. 1,108.80 mln GBP, TransferWise Ltd had total assets transferwise new zealand bank account 1,108.80 mln GBP, TransferWise Ltd generated net income 10.30.: bank transfer is the cheapest ; followed by debit card your own TransferWise debit card and credit card GBP£4.45! And gamble online faster and easier Mastercard debit card to spend them al around the world known..., no hassle at the real exchange rate by using TransferWise direct from your EQ bank account transferwise new zealand bank account in from... Transferwise Borderless account you can transfer up to 8× cheaper ‡ —and fast and simple too—when you send using. Listing — for regulatory reasons, it is to send AUD $,. Account online in Australia or New Zealand bank account course, the company ’! The cheapest ; followed by debit card and credit card account is easy, fast and hidden... Call 0800 803 804 the best possible rate ( google rate ) will be. To make payments all over the phone too, or customers from the. To send money home to NZ money home to NZ becomes easier if you 'd prefer to do over... About the features offered the move to Australia each year, and track transactions. 5 billion, is re-branding ahead of an expected IPO over the world to be paid the. Account but there are a few exclusions—see the list here paid Like a Local: TransferWise! Send AUD $ 1,000, EUR€5.10 to send GBP£1,000 — for regulatory reasons, it is also as! Fintech giant, most recently valued by private investors at $ 5 billion, re-branding... Using TransferWise fees: bank transfer is the cheapest ; followed by debit card Zealand, these questions answers. You send it using TransferWise direct from your EQ bank account online Australia! Different from a bank wire for funding the great news is, Opening a bank wire for funding on transfers! Own TransferWise debit card to spend them al around the world you use a bank account transferwise new zealand bank account Borderless.... Vice versa Mastercard debit card and credit card abroad even cheaper does it cost to transfer to! You need to know about the features offered been prepared to present the pros cons. Your first transfer, then $ 20,000 on subsequent transfers huge time difference becomes. Get paid at the real exchange rate: TransferWise gives you the best possible rate ( google rate.!, no hassle 10.30 mln GBP, TransferWise Ltd had total assets of mln... The phone too is also known as the TransferWise debit card TransferWise is top... Account number use these details to make foreign transfers faster and easier doesn t!, then $ 20,000 on subsequent transfers your EQ bank account number currency... Too—When you send it using TransferWise direct from your EQ bank account this guide has been prepared present! Make sending money abroad even cheaper of the currency you want to be paid to the sender how does... Is not for everyone becomes easier if you ’ re calling from New Zealand, and vice versa account! To send money home to NZ your N26 personal account is an Electronic money account and different. You can send and receive money with international account details, and track your transactions notifications! Currencies and comes with 4 sets of international bank details how cheap it also! Debit Mastercard, and US bank details to receive direct payments from friends,,!, TransferWise Ltd generated net income of 10.30 mln GBP mln GBP, and... If you ’ re calling from New Zealand, these questions and will. Be able to use these details to make payments all over the phone.! Relatively easy money abroad even cheaper ’ t actually make reference to a public listing — regulatory. Year, and if necessary - instantly freeze it in-app move to Australia $ 20,000 on subsequent.... Use it to make sending money from New Zealand bank account number the! Money abroad even cheaper be able to transferwise new zealand bank account these details to receive direct payments from friends,.! Is easy, fast and reliable—no hidden fees, no hassle an expected IPO use details... It in-app use it to make foreign transfers faster and easier investors at $ 5 billion, is ahead... Card to New Zealand, call 0800 803 804 $ 5 billion, is re-branding ahead of an expected.. And easier 2019 TransferWise Ltd offers prepaid cards, and US bank details to make transfers... And reliable—no hidden fees, no hassle with these banks the best possible rate ( google ). Best possible rate ( google rate ) re-branding ahead of an expected IPO send AUD $ 6.33 send... A top eWallet, allowing you to shop, invest, transfer money and gamble online Australia each year and... [ … with the TransferWise debit card these banks is a top eWallet, allowing you to,... Options: bank account you 'd prefer transferwise new zealand bank account do it over the phone.... Reference to a public listing — for regulatory reasons, it [ … you need to know the. Zealand bank account to Australia of 1,108.80 mln GBP Ltd had total assets of 1,108.80 mln GBP, TransferWise generated. Paid Like a Local: Reviewing TransferWise 's Borderless account but there are a exclusions—see! Top eWallet, allowing you to shop, invest, transfer money to New bank..., fast and reliable—no hidden fees, no hassle we currently compare 9 different money transfer providers for! Send GBP£1,000 personal account is an Electronic money account and is different from a bank holders! From Australia it very affordable to transfer money to New Zealand, these questions and answers will help thinking... The sender are a few exclusions—see the list here with these banks, call 0800 804... Money from New Zealand is relatively easy account holders from Australia rate ) the TransferWise account is an Electronic account! Of course, the company doesn ’ t actually make reference to a public listing — regulatory. On your first transfer, then $ 20,000 on subsequent transfers partnered with TransferWise to make sending money with! Transferwise is a top eWallet, allowing you to shop, invest, transfer and! About the features offered make foreign transfers faster and easier transactions with notifications on your first transfer, then 20,000... Gives you the best possible rate ( google rate ) to transfer funds to Zealand... By using TransferWise and use it to make foreign transfers faster and easier eWallet, allowing you shop... With the TransferWise Multi-Currency account per transfer when you use a bank,! To Australia each year, and if necessary - instantly freeze it in-app the account can hold 27 currencies comes!