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New Zealand Price Comparison Research 2025

A dedicated comparison research team in Wise compared Wise to 5 New Zealand bank accounts, as well as PayPal and Western Union. They found that we’re on average 8x cheaper for spending abroad. Our fees to send are on average 6x cheaper, and withdrawing $250 from an ATM abroad are free of charge. With Wise card two withdrawals of up to and including $350 each month are free per account. This is based on the prices offered by Wise Payments Limited during the research period.

Research methodology

The competitor research was collected in January 2025 during a 5 day period (20/01/2025 - 24/01/2025).

They looked at data across multiple countries, currencies, and price points to make sure any price claims we make are fair and accurate. The data was collected by simulating a transfer using live accounts on the providers website, during standard trading hours and at the same time every day, whenever possible, to ensure consistency across the comparison.

The research scope looked at the following, across EUR, GBP, AUD & USD using $250 as the transaction value:

  • The cost to send money abroad from an account
  • The cost to spend money abroad using a debit card
  • The cost to withdraw money abroad from an account via an ATM

The costs collected for sending money abroad are made up of both the foreign transaction fee and any exchange rate markup. The exchange rate markup is a percentage added to the mid-market exchange rate by a provider when they sell you a currency. The costs collected for spending money abroad and withdrawing money abroad from an account via ATM are only made up of foreign transaction fees.

How did we calculate our price claims?

Comparing fees
For each currency pair — such as NZD to EUR, GBP, AUD and USD — our team compared the fees charged by Wise to the average fees charged by competitors.

Calculating savings
The following formula was used to show how much you save with Wise compared to competitors:

  • % saving = cost of using Wise against a competitor’s average fee × 100
  • This formula tells you the percentage you’d save by using Wise instead of the average competitor.

What does that look like?
If a NZD to EUR transaction shows a 85% saving, it means Wise fees are 85% lower than the average competitor fees for that particular currency pair.

What about the average savings?
After calculating the savings percentage for each currency pair, the average represents the overall savings claim for Wise across different services like sending, spending, or withdrawing money.

The research and results

1. Total cost to send $250. Overall, Wise is 6x cheaper.

Sending $250 to another country? Wise will cost up to 80% less compared to how you’re doing it now.

NZD > AUD: Wise is 7x cheaper

  • Wise: $1.42
  • ANZ: $9.57
  • ASB: $10.06
  • BNZ: $3.78
  • KiwiBank: $24.90
  • Westpac: $9.83
  • PayPal: $19.58
  • Western Union: $1.50

NZD > GBP: Wise is 7x cheaper

  • Wise: $1.57
  • ANZ: $9.40
  • ASB: $9.41
  • BNZ: $3.64
  • KiwiBank: $24.55
  • Westpac: $9.70
  • PayPal: $19.74
  • Western Union: $1.50

NZD > AUD: Wise is 5x cheaper

  • Wise: $1.85
  • ANZ: $9.12
  • ASB: $9.31
  • BNZ: $3.92
  • KiwiBank: $24.47
  • Westpac: $9.88
  • PayPal: $17.44
  • Western Union: $1.80

NZD > USD: Wise is 4x cheaper

  • Wise: $2.44
  • ANZ: $9.27
  • ASB: $9.41
  • BNZ: $3.53
  • KiwiBank: $24.58
  • Westpac: $9.66
  • PayPal: $18.63
  • Western Union: $1.80

2. Fees to spend $250 using a debit card. Overall, Wise Multi-Currency Card is 8x cheaper.

It’s up to 85% cheaper to spend $250 overseas with Wise.

NZD > EUR: Wise is 8x cheaper

  • Wise: $0.58
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $6.25
  • Westpac: $4.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > GBP: Wise is 7x cheaper

  • Wise: $0.68
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $6.25
  • Westpac: 4.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > AUD: Wise is 9x cheaper

  • Wise: $0.55
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $6.25
  • Westpac: $4.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > USD: Wise is 8x cheaper

  • Wise: $0.63
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $6.25
  • Westpac: $4.88
  • PayPal: Not offered
  • Western Union: Not offered

3. Fees to withdraw $250 abroad via an ATM, using a debit card. Withdrawal with Wise is free of charge up to $350.

NZD > EUR: Free withdrawal with Wise

  • Wise: Free withdrawal with Wise
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $12.25
  • Westpac: $7.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > GBP: Free withdrawal with Wiser

  • Wise: Free withdrawal with Wise
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $12.25
  • Westpac: $7.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > AUD: Free withdrawal with Wise

  • Wise: Free withdrawal with Wise
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $12.25
  • Westpac: $7.88
  • PayPal: Not offered
  • Western Union: Not offered

NZD > USD: Free withdrawal with Wise

  • Wise: Free withdrawal with Wise
  • ANZ: $3.25
  • ASB: $5.25
  • BNZ: $5.63
  • KiwiBank: $12.25
  • Westpac: $7.88
  • PayPal: Not offered
  • Western Union: Not offered

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.