Guide to OrbitRemit International Money Transfers in New Zealand

Several companies are providing competitive pricing and convenient ways to send money abroad, OrbitRemit being one of them. Learn more about how OrbitRemit works in New Zealand and how you can send or receive money overseas.

What is OrbitRemit in NZ?

OrbitRemit, an online international money transfer service provider, was established in New Zealand in 2008. It has expanded to many countries worldwide, allowing users to send and receive money globally.

New Zealand residents can use OrbitRemit to send or remit money to 26 countries. OrbitRemit supports 26 currencies, including:

• New Zealand dollar
• Australian dollar
• Philippines peso
• Bangladesh taka
• Indian rupee
• Euros
• U.S. dollars

OrbitRemit can be used by both Individuals and businesses, plus New Zealand residents can use OrbitRemit for IRD (Inland Revenue, New Zealand), MSD (Ministry of Social Development), and MOJ (Ministry of Justice) transfers.¹

OrbitRemit is available through its website and mobile app which is available on iOS and Android.

Is OrbitRemit safe?

OrbitRemit prioritizes the security of customer data by adhering to stringent data privacy regulations. While the company collects information to comply with KYC and AML regulations, it maintains user confidentiality and uses SHA 256 SSL (Secure Socket Layer) encryption technology to protect confidential customer information.

The company is governed by the Privacy Act 2020 of New Zealand, the Privacy Act of 1988 of Australia, and the Data Protection Act 2018 of the United Kingdom.²

OrbitRemit International Transfers in NZ

New Zealand residents can use OrbitRemit’s services to transfer money to their loved ones, pay tuition, reserve a holiday or pay a colleague in 26 countries. The money can be sent to a local bank account, a digital wallet, or for cash pickup, depending on availability within the recipient country.³

OrbitRemit does not have transfer limits when sending money to the following countries:

• Australia
• New Zealand
• European Union
• Denmark
• Norway
• Poland
• South Africa
• The United Kingdom
• The United States.

Remittances to other countries are subject to daily transfer limits as laid out on the OrbitRemit website.

Here’s how to send money overseas with OrbitRemit from New Zealand.

How to send money abroad with OrbitRemit from NZ

OrbitRemit requires users to register before sending money abroad. Registering with OrbitRemit is free and easy.⁴

1. Access the OrbitRemit official website and click “Send Now.”
2. Enter your email ID, choose your password, and sign up for your account.
3. Verify your email ID and follow the link in your email.
4. Enter your phone number and verify it.
5. Continue with creating your account profile on OrbitRemit.
6. Provide your address and account type, and verify.
7. You will receive a confirmation when your account is ready.

Once you have signed up for their services, you can send money in three simple steps:⁴

1. Login: Log into your OrbitRemit account through the website or mobile app.
2. Create your transfer: Once you log in, OrbitRemit takes you to the calculator, where you select how much you wish to send or how much you want the recipient to receive.
3. Review your transfer: This step allows you to review and confirm your transfer details and the recipient’s information. If everything looks right, confirm and continue to proceed to the Fund Transfer option.
4. Fund your transfer: You can pay for the transfer through a Bank Transfer. OrbitRemit does not accept cash or check options. When you confirm the transfer, your account is debited, and the funds are remitted to the recipient. You can track the transfer until it reaches the recipient’s account.

OrbitRemit allows international transfers through the Cash PickUp method in Nepal, Vietnam, and the Philippines.⁵

Though many OrbitRemit transfers happen instantly, the standard transfer time is one to two days.⁶

How to receive money with OrbitRemit in NZ

It is easy to receive money with OrbitRemit. If someone abroad sends you money, the funds will arrive in your New Zealand bank account.

Transfers within New Zealand happen almost instantly, whereas those from Australia have a stipulated time of 12 to 24 hours. However, most are usually settled almost immediately.

If sending funds through OrbitRemit, customers must have a bank account to pay for the transfer. Recipients need not sign up for an OrbitRemit account.⁷

OrbitRemit Fees in NZ

OrbitRemit allows free remittance of all currencies when you send the equivalent of 10,000 New Zealand dollars. For remittances below 10,000 NZD, OrbitRemit charges a nominal fee. Here is a quick table of the fees to expect

However, the fee to keep an eye on with OrbitRemit is in the exchange rate.

OrbitRemit Exchange Rates

In addition to the transfer fee, OrbitRemit charges a markup on its exchange rate. This markup is an added cost that takes a cut of every dollar you convert. This can seem small initially, but it adds up quickly.

OrbitRemit has a currency converter calculator that lets users see their live exchange rates. Users can enter the amount to send and choose the recipient currency. The calculator gives the currency conversion rate instantly and can be helpful when comparing against other providers.

You'll find that the conversion rate shown by the calculator is higher than the mid-market rate you see on Google — and the one used by Wise.

To help you save when sending money abroad, we invite you to compare what it would cost to send out the same transfer via Wise.

Sending money internationally? Wise could help you save.

Send money to more countries around the world the easy, fast and secure way with Wise. Wise lets you send money to over 160+ countries with currency conversion at mid-market rates. On Wise, the transfer fee is shown separately and not hidden behind conversion markups.

Full Comparison of OrbitRemit vs Wise

Wise uses smart-tech to make transfers convenient and cheap. Join Wise today and see how much you can save on your next transfer from New Zealand 👉.