03

How long will my transfer take to reach New Zealand?

Most international transfers to New Zealand are completed within a day. For major currencies, we can also make same day delivery payments providing your deal is settled before 12:00 midday. As soon as your payment has been sent to New Zealand, we’ll send you a SWIFT confirmation for the transfer.

04

What banking information do I need to send money to New Zealand?

When sending money to New Zealand, you will need to provide the following bank account details:

• Full name of account holder
• Bank/Branch Code
• Account Number (7 digit code)
• BIC / SWIFT code

05

What is the easiest way to transfer money from South Africa to NZ?

We’ve made it really easy to transfer money overseas. When you open a free account online, we’ll give you access to our easy to use online platform where you can buy and transfer funds to New Zealand at the click of a button.

06

How much money can I transfer out of South Africa per year?

As a South African resident, you can transfer a total of R11 million out of the country each year using your allowances. Taxpayers over the age of 18 who are South African residents are eligible for the following allowances:

• R1 million single discretionary allowance (no tax clearance required from SARS)
• R10 million foreign investment allowance (FIA tax clearance is required from SARS)

07

How do I know my funds are safe?

FX Paymaster is an Intermediary service provider. All deals are executed in the clients name directly with an Authorised Dealer Bank. We are here to help you get the best FX rates and to ensure your payments go off quickly and smoothly. You will always transfer funds into your own account, we never handle your money directly.

08

I’m moving to New Zealand in 3 months’ time, can I secure the exchange rate now while the NZD looks good?

Yes, in a recent change to the South African Exchange Control Regulations, Private individuals (South African residents) can now use Forward Exchange Contracts to secure currency for future dated payments. This is great news for anyone looking to move overseas. Forward contracts are an ideal tool to use if you have a transfer to make in the future and want to remove the risk of the exchange rate going against you.