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christinamil14
Community Member

Bank fees charged by ANZ for Direct to Local Bank transfers to New Zealand??

Hey! Are there any freelancers from New Zealand here with ANZ bank account?

 

I want to know if you get charged large fees for direct to local bank account transfers. I contacted ANZ and they said the fee is $15 each time which seems extremely high, I would of expected it for a transfer in a different currency not NZD.

 

Can someone clarify as I don't want to be stung by Paypal's poor exchange rates.

 

Thanks!

1 REPLY 1
petra_r
Community Member


Christina M wrote:

 

I want to know if you get charged large fees for direct to local bank account transfers. I contacted ANZ and they said the fee is $15 each time which seems extremely high, I would of expected it for a transfer in a different currency not NZD.

 

Can someone clarify as I don't want to be stung by Paypal's poor exchange rates.


There should be none of those fees because the whole point of "direct to local bank" is that the funds are delivered in your local currency.

 

**BUT** Upwork's banking partners offer such poor exchange rates, that I personally find it the least cost effective way to withdraw.

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