Find the Cheapest Way to Transfer Money to the United Kingdom

With lots of relatives in the United Kingdom, Kiwis often need to transfer money from New Zealand to the United Kingdom, to make things easier we will show to lots of safe and cheap ways to transfer money from New Zealand to the United Kingdom. We have researched lots of banks and money transfer services and provided a summary of the essential information you need to know to send your money from NZ to the UK.

After comparing over 15 different banks and money transfer services, The Currency Shop found it consistently cheaper to use a money transfer service.

They are cheaper for two reasons:

  • Lower transaction fees (sometimes there are fee free transactions)
  • Better exchange rates

To find the cheapest way to transfer money from NZ to the UK use our comparison table and start saving.

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You can either go to each website and check each online transfer service rate or use our comparison table.

How much does it cost to transfer money to the United Kingdom?

The 3 main costs to consider are exchange rate costs, transfer fees and additional fees when transferring money from NZ to the United Kingdom.

1. Exchange Rates

The exchange rates change daily and the rate shown on Google is the mid market rate or the interbank rate. This is rate money banks charge each other for foreign currency exchange. Most money transfer services will charge from 0.000065% to 2%.  Most banks will charge between 1 - 4%.

The difference in exchange rate may look small but the savings can be up to $100’s of dollars.

Exchange rates explained

Exchange rates is the value of one countries currency versus another. In this case it would be the NZD against GBP. Simply put, exchange rates tell you how much of one currency you can exchange for another.

For example, if you wanted to buy GBP$100 it would cost NZD$206.40 with an exchange rate of 0.48450. The stronger the NZD performs against the GBP the less it will cost. This means if the exchange rate increases to 0.5500, GBP$100 would only cost NZD$181.81. 


2. Transfer Fees

A transfer fee is a one off payment per transaction. Most money transfer services charge between $4 and $8 per transfer. Most banks charge from $25 per transfer.


3. Additional Fees
Banks can also charge other fees for receiving, intermediary bank fees and bank cheque or draft fees. Receiving fees are approximately $15 per transfer, intermediary bank fees are variable and bank cheques or drafts they can charge up to $60 per transaction.


It's cheaper to transfer money using a money transfer service than a bank due to the fees and costs.

How to transfer money to the UK

Using a money transfer service

Sign up online to transfer money from NZ to Brazil


Sign Up Online They will accept one off transfers so you don’t need to be a regular customer. Take photos of your id and send. It normally takes 5 - 10 minutes to type in your personal details, verify your identity and set your account with passwords and preferences.
Provide details to transfer money from NZ to Brazil


Provide money transfer details Tell them which currency and how much you want to send. You will need the BSC bank sort code of the bank account in the UK. Send the funds requested, normally through a bank transfer but some accept credit cards and debit cards.
Make payment to transfer money from NZ to Brazil


Delivery of Money Money is delivered to local bank account and you are kept up to date regularly with the transfer via phone or email. They are very good at keeping you informed of where you money is at any point in time.

Using a bank to send money overseas

  1. Sign up online or in person. If you are a customer of the bank already then you can skip this step.
  2. Tell them which currency and how much you want to send. You will need the BSC code of the bank account in the UK. The bank will deduct the amount plus fees from your account.
  3. Money is sent to a local bank account. Any receiving fees will be deducted by the local bank before money is deposited into the account. Banks tend to leave it up to the customer to check if the money has been received.


Methods of Payment:

Both money transfer services and banks accept bank transfers, credit cards and debit cards. Money transfer services may offer other forms of payment, such as POLi transfers.

How long does a money transfer take from NZ to the UK?

There are lots of factors that affect the speed it takes to send money overseas. Generally, the method you choose to transfer money will be the main factor that will impact speed.

Money Transfer Services can take 0 - 3 days

When using a money transfer service like Wise (formerly known as TransferWise) they tend to quote arrival time in hours not days. They will keep you updated on the movement of your funds.

Bank to Bank Transfer can take 2 - 5 days

The time it takes until the payee can see money in their account will vary depending on the receiving bank. It also might be delayed by public holidays in either the sending or receiving country. It is up to you to check if the person you sent money to has received it.

Wire or Telegraphic Transfer can take 3 - 5 days

These transfers are slow because the money moves from your bank usually through the SWIFT network. On the way, the money may go through a network of correspondent banks before landing into the overseas account.

How long does it take to transfer money from NZ to the UK?

What information do you need for your money transfer?

What information do you need to transfer money from NZ to the UK?
  • Your personal information. Your full name, address and date of birth. For security reasons they need your photo id scanned or photographed. You can use your phone to take a photo and send.
  • How you wish to pay: Your bank details, account numbers and address or debit/credit card details.
  • The full name and address of the person you wish to pay.
  • Their bank account details, the name on the account, the Bank Sort Code (BSC) and bank account number.
  • Helpful hints

    - Make sure your photo is of a high quality so they can see the picture. Make sure the id is valid and within the expiry date.
    - You can not give your work/office address or PO box address.

    Here is a summary of details required for the United Kingdom's major banks:

    Bank Name SWIFT / BIC Code Branch Address Locator
    Royal Bank of Scotland RBOSGB2L RBS Branch
    Barclays BUKBGB22 Barclays Branch
    Lloyds LOYDGB22 Lloyds Branch


    Is my money safe online?

    One of the main questions people ask us is “will my money be safe online?”. The answer is yes for money transfer services and banks.

    Money transfer services need to be regulated by FSC to send money to the UK. They have very stringent guidelines to be allowed to send money.

    These money transfer services implement strict verification processes to ensure they fully identify all of their customers. They also invest in identity protection, fraud prevention and encryption to create a secure connection with your browser when you register and login into their online services.

    Banks in NZ are regulated by the Reserve Bank of NZ (RBNZ) and the Financial Markets Authority (FMA). UK banks are regulated by the Bank of England (BoE), Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA).

    Banks keep their transfers safe by offering customer security, fraud monitoring and two factor identification for money transfers. Customer security is offered through KeepSafe at Kiwibank, NetCode at ASB and NetGuard at BNZ.

    How do I keep my money safe when I transfer from NZ to the UK online?

    How much money can I transfer into and out of New Zealand?

    How much money can I send to and from New Zealand?

    According to New Zealand immigration there is no limit on how much foreign currency you can bring in or take out of New Zealand.

    In the event you arrive at the airport with more than $10,000 NZ dollars or equivalent you will need advise a Customs Officer and they will ask you to declare this on your Border Cash Report.

    Visas and Immigration from NZ to the UK

    Generally NZ passport holders may enter the UK for six months without a visa if you're here for a holiday. You will still need to satisfy a Border Force officer when you arrive you meet the requirements (bank account statements showing money to support time on holiday and return booked flight). They will also check you are not in the UK for any other reason.

    Like most countries if you have a criminal record or previously been refused entry to the UK, you might not be able to enter. UK Visas and Immigration (UKVI) is responsible for making the decision about who has the right to visit or stay in the UK.

    Visas can only be applied for in your country of residence and need to be arranged before arrival in the UK.

    If you have been living in the UK for the last five years (or three years if you are married to, or a civil partner of a British citizen) you may be able to apply to become a British citizen. You need to be over the age of 18.

    Dual citizenship is allowed in both NZ and the UK. You do not need to apply for dual citizenship.

    Customer Reviews

    When sending money from NZ to the United Kingdom it is important to read customer reviews before making your decision. TrustPilot is a great place to read reviews for all the money transfer services.

    Best TrustPilot rated services to transfer money to the UK 

    1. Torfx has 3,100+ reviews and is rated 4.8/5
    2. XE has 33,000+ reviews and is rated 4.7/5
    3. OrbitRemit has 19,000+ reviews and is rated 4.7/5
    4. Wise has 75,000+ reviews and is rated 4.6/5
    5. WorldRemit has 32,000+ reviews and is rated 4.6/5
    6. OFX has 3,700+ reviews and is rated 4.4/5
    7. World First has 589 reviews and is rated 4.3/5

    The Currency Shop Reviews

    In addition to customer reviews we have thoroughly researched the following money transfer services and provided individual, detailed reviews below.

    Customer Reviews of Money Transfer Services

    Where can I get support online?

    Where can I get support online?

    Wise - email:,  website:

    OFX - email:, phone: 1300 300 424

    OrbitRemit - website:

    Torfx - email:, phone: 1800 507 480

    XE - email:, phone: 0800-932-664 or +64-(0)9-306-3700

    World Remit - website:, phone: 0800 800046 

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