Send money from NZ to South Korea:
fees and rates.
Sending money from New Zealand to South Korea costs a transfer fee, the provider's exchange-rate margin and sometimes overseas bank charges. On 11 Nov 2026 the mid-market rate was ₩746.5 per NZ$1, so NZ$1,000 was worth ₩746,470 before costs. On 11 Nov 2026, Remitly's everyday rate was ₩736.02 per NZ$1 with a NZ$3.99 fee.
Checked 10 Nov 2026
What do NZ banks and transfer services charge to send KRW to South Korea?
We read each provider's own fee page or fee brochure on 10 Nov 2026; where the figures come from a brochure, its date is in the table.
| Provider | Fee to send online | Other ways to send | Overseas bank charges | Exchange rate |
|---|---|---|---|---|
| ANZ →Bank · checked 10 Nov 2026 | NZ$0 in goMoney or Internet Banking (ANZ says this is a current fee offer) | NZ$15 in a branch or by phone | An ANZ "OUR Fee" may apply to foreign-currency payments; the page gives no amount | ANZ converts at its own exchange rate; the page does not state the margin |
| BNZ →Bank · checked 10 Nov 2026 | No charge to send foreign currency online; NZ$5 to send NZ dollars | NZ$25 staff-assisted | BNZ covers the correspondent bank fee on online foreign-currency payments; NZ$12 for "Charges Our" on NZD payments | "BNZ includes a margin on foreign exchange conversions"; the size is not stated |
| ASB →ASB Guide to fees, 15 Sep 2026 | NZ$5 in FastNet Classic internet banking | NZ$30 at an ASB Advice Centre | Choose "Sender to Pay" and ASB adds an Other Bank Fee (NZ$5 to NZ$25 by currency); choose "Recipient to Pay" and fees will likely come out of the payment | The fee guide does not state ASB's exchange-rate margin |
| Westpac →Westpac personal fees, effective 10 Nov 2026 | NZ$0 in Westpac One in a foreign currency; NZ$5 in NZ dollars | NZ$30 staff-assisted | NZ$25 for the OUR charge option; other banks may still deduct fees | The fee brochure does not state Westpac's exchange-rate margin |
| Kiwibank →Kiwibank Fees & Limits, effective 14 May 2026 | NZ$10 in internet banking with SHA charges; NZ$20 with OUR | NZ$25 in a branch or by email (SHA); NZ$35 (OUR) | SHA: overseas bank fees come out of the payment. OUR: you pay them, though the recipient may still be charged | The brochure does not state Kiwibank's exchange-rate margin |
| Wise →Transfer service · checked 10 Nov 2026 | Mid-market rate 746.1 KRW per NZ$1 on Wise's converter (read 11 Nov 2026); the converter showed no fee or amount for NZ$1,000 | — | — | Wise says it uses the mid-market rate, with a fee discount on transfers over NZ$44,000 |
| Remitly →Transfer service · checked 10 Nov 2026 | NZ$3.99 fee and 736.02 KRW per NZ$1 (everyday rate, NZ$1,000, read 11 Nov 2026). First transfer: fee waived | — | — | Remitly quotes its own rate; new customers get a better rate or no fee on their first transfer |
| OFX →Transfer service · checked 10 Nov 2026 | NZ$12 on transfers under NZ$10,000; no transfer fee from NZ$10,000 | — | Third-party banks may deduct a fee before paying your recipient; OFX gets none of it | OFX says its rate is the market rate plus its margin, shown before you confirm; new customers get an introductory rate on a first online transfer |
Fees as published on each provider's page or fee brochure, read on 10 Nov 2026. Fees change, and the overseas bank or the recipient's bank may charge too. None of these links are affiliate links.
Before fees and margins
How many South Korean won do NZ dollars buy at the mid-market rate?
The amounts below use the European Central Bank reference rate for 11 Nov 2026. No bank or transfer service pays out at this rate: the amount that arrives will be lower once its margin and fee are taken off. Use it to see how far below the mid-market rate a quote is.
- ₩373,235NZ$500 at the mid-market rate
- ₩746,470NZ$1,000 at the mid-market rate
- ₩3,732,350NZ$5,000 at the mid-market rate
- ₩7,464,700NZ$10,000 at the mid-market rate
Three costs
How do the costs of a transfer to South Korea add up?
Compare the amount that arrives in KRW, not the fee alone. A transfer with no fee can still cost more if the exchange rate is further from the mid-market rate.
- 1
What is the transfer fee?
The transfer fee is a flat charge per payment. ANZ, BNZ and Westpac charge nothing to send foreign currency online, ASB charges NZ$5 and Kiwibank NZ$10 to NZ$20. All five charge more in a branch or with staff help.
- 2
What is the exchange-rate margin?
The exchange-rate margin is the gap between the mid-market rate and the rate the provider converts your NZ dollars at. None of the five main NZ banks states its margin on its fee page or brochure, so check the KRW amount on the quote.
- 3
Do overseas banks charge too?
Yes. Banks along the way, and the recipient's bank, may take a fee from the payment. BNZ says it covers the correspondent bank fee on online foreign-currency payments; ANZ may add an "OUR Fee".
This page lists published fees. It doesn't recommend a provider or tell you when to send. Every provider's general fees are on send money overseas. See what NZ banks expect for the NZ dollar, or compare sending to Australia, India, the UK, the Philippines, the US, China, South Africa, Samoa, Tonga or Fiji.
FAQ
What else do people ask about sending money to South Korea?
Straight answers, with the source and date for every figure.
What is the cheapest way to send money from NZ to South Korea?
Compare the won that arrive, not the fee. On 11 Nov 2026, Remitly's everyday rate was ₩736.02 per NZ$1 with a NZ$3.99 fee, or about ₩733,083 from NZ$1,000 after the fee. Wise's converter showed a mid-market rate of ₩746.1 but no amount for NZ$1,000, so get a quote from Wise too. When we read the banks' fee pages on 10 Nov 2026, ANZ, BNZ and Westpac charged nothing to send foreign currency online, but none of them publishes its exchange-rate margin.
How much does Remitly charge to send money from NZ to South Korea?
On 11 Nov 2026, Remitly's calculator showed a NZ$3.99 fee and an everyday rate of ₩736.02 per NZ$1 on NZ$1,000. New customers had the fee waived on their first transfer. The page showed no separate welcome rate, and Remitly says its rates can change.
How many Korean won is NZ$1,000?
At the European Central Bank reference rate for 11 Nov 2026, ₩746.5 per NZ$1, NZ$1,000 is ₩746,470. That is the mid-market rate. A bank or transfer service pays out less, because it converts at its own rate and may charge a fee.
What do NZ banks charge to send money to South Korea?
On 10 Nov 2026, ANZ charged NZ$0 to send money online and NZ$15 in a branch or by phone. BNZ charged nothing to send foreign currency online and NZ$25 with staff help, and Westpac charged NZ$0 in Westpac One. ASB charged NZ$5 in FastNet Classic and Kiwibank NZ$10 online. Korean banks may deduct their own charges before the money is paid in.