Our fees on transfers from NZD are changing

Wise

28.02.18 (updated more than 1 year ago)

3 minute read

On March 2nd at 12:00am New Zealand Standard Time, our pricing will be changing on all transfers from NZD.

We know you'll want to understand exactly how this change affects you, so we've written this post with all the information you'll need to be informed of the changes. Heads up – this post is divided into 2 general sections:

1. Why we’re changing our fees (and why they’re going down on most transfers and up on others)
2. The new fees

If you’re not very interested in the “why”, and you just want to know how the new pricing will affect your transfers, go straight to the new fees.

Why we're changing our fees

We believe sending money to another country should be as cheap as sending an email. Yes, we think it should be free.

We’re not there yet, but that’s what we’re shooting for.

Why most fees are going down

When we opened for business, we based our fees on how much we thought transfers would cost us to process.

Since then, we’ve gotten better at what we do, and our costs have gone down on many transfer amounts and routes. We’ve lowered our fees in those places, which means most of you will be able send money for even less.

Why some fees are going up

Unfortunately, despite our best efforts, some transfers still cost us a little more than we originally estimated.

We’ve raised our fees on those transfers to cover our costs. We know that isn't great news for the people whose fees are going up, and we're sorry about that.

We'll bring those fees back down as soon as we can. (And remember, you can always save a little money by funding your transfer with a bank transfer, rather than a card.)

The new fees

Price Change	Description	Routes Affected
Cheaper for almost all amounts	These routes are about to get cheaper for you.	AUD, EUR, GBP, USD, SEK, CAD, BDT, UAH, VND, IDR NOK, CZK, MXN, RON, CHF, DKK, GEL, KES, MAD, PLN.
Some amounts cheaper and some more expensive	The routes will see some prices go up, and others go down depending on how much you send.	THB, INR, AED, CNY, HKD, HUF, JPY, LKR, SGD, TRY, MYR, PEN, PKR, NPR, PHP, NGN.
More expensive for almost all amounts	Unfortunately, these routes will see prices go up.	BGN, BRL, CLP, COP, EGP, HRK, ILS, KRW, RUB, ZAR.

To read more about transfers from NZD, visit our NZD Transfers page

What is the fee for each route?

Route	Pricing
NZD to AED	$4.00 fixed fee and 0.8% of the amount you send
NZD to AUD	$1.50 fixed fee and 0.4% of the amount you send
NZD to BDT	$3.50 fixed fee and 1.5% of the amount you send
NZD to BGN	$2.25 fixed fee and 0.7% of the amount you send
NZD to BRL	$2.75 fixed fee and 1.5% of the amount you send
NZD to CAD	$1.50 fixed fee and 0.4% of the amount you send
NZD TO CHF	$2.50 fixed fee and 0.4% of the amount you send
NZD to CLP	$4.25 fixed fee and 2% of the amount you send
NZD to CNY	$10.00 fixed fee and 0.6% of the amount you send
NZD to COP	$2.00 fixed fee and 3% of the amount you send
NZD to CZK	$1.50 fixed fee and 0.5% of the amount you send
NZD to DKK	$2.25 fixed fee and 0.4% of the amount you send
NZD to EGP	$4.00 fixed fee and 0.8% of the amount you send
NZD to EUR	$1.75 fixed fee and 0.4% of the amount you send
NZD to GBP	$1.75 fixed fee and 0.5% of the amount you send
NZD to GEL	$2.00 fixed fee and 0.6% of the amount you send
NZD to HKD	$2.75 fixed fee and 0.55% of the amount you send
NZD to HRK	$2.75 fixed fee and 0.75% of the amount you send
NZD to HUF	$2.50 fixed fee and 0.5% of the amount you send
NZD to IDR	$2.50 fixed fee and 0.6% of the amount you send
NZD to ILS	$3.50 fixed fee and 1.1% of the amount you send
NZD to INR	$1.50 fixed fee and 0.6% of the amount you send
NZD to JPY	$4.25 fixed fee and 0.45% of the amount you send
NZD to KES	$4.25 fixed fee and 0.4% of the amount you send
NZD to KRW	$3.50 fixed fee and 1.4% of the amount you send
NZD to LKR	$2.25 fixed fee and 0.85% of the amount you send
NZD to MAD	$4.25 fixed fee and 0.9% of the amount you send
NZD to MXN	$2.00 fixed fee and 0.65% of the amount you send
NZD to MYR	$3.75 fixed fee and 0.6% of the amount you send
NZD to NGN	$1.50 fixed fee and 1% of the amount you send
NZD to NOK	$2.00 fixed fee and 0.45% of the amount you send
NZD to NPR	$12.50 fixed fee and 0.5% of the amount you send
NZD to PEN	$4.50 fixed fee and 1.4% of the amount you send
NZD to PHP	$4.50 fixed fee and 0.75% of the amount you send
NZD to PKR	$4.00 fixed fee and 0.6% of the amount you send
NZD to PLN	$1.60 fixed fee and 0.6% of the amount you send
NZD to RON	$3.25 fixed fee and 0.55% of the amount you send
NZD to RUB	$5.00 fixed fee and 1.5% of the amount you send
NZD to SEK	$1.60 fixed fee and 0.4% of the amount you send
NZD to SGD	$3.50 fixed fee and 0.4% of the amount you send
NZD to THB	$5.50 fixed fee and 0.5% of the amount you send
NZD to TRY	$3.50 fixed fee and 0.7% of the amount you send
NZD to UAH	$1.50 fixed fee and 2.5% of the amount you send
NZD to USD	$1.50 fixed fee and 0.4% of the amount you send
NZD to VND	$3.25 fixed fee and 0.8% of the amount you send
NZD to ZAR	$23.00 fixed fee and 1% of the amount you send

What are the fees for using a card?

If you pay by card there is an 1.8% fee.

What about borderless accounts?

Depending on what you do in your borderless account, the fee is different:
1) Moving balance from one currency to another within borderless has the variable fee that you would get for a normal money transfer for that route. The fixed fee is not included.
2) Pay-out has only a fixed component that is determined by the target currency.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.