International Currency Transfers below NZD$4,000

Velocity Trade has extended our global currency transfer service to amounts under that of the current standard minimum amount of NZD $4,000, or equivalent in other currencies; still with no transaction fees. Unlike other providers, we do not charge transaction fees even for deals under $4,000, as in many cases we can use our own banking network to make payments more efficiently. However this may not be available for all currencies to all destinations. Therefore, we may at times increase the exchange rates for small payments, or be unable to make payments in some currencies to certain destinations.

Please read and understand the additional terms and conditions below for payments under NZD$4,000 or equivalent, in addition to our normal Terms & Conditions (Physical) for currency transfers, before entering into a transaction with Velocity Trade.

Terms & Conditions

1. We may refuse transactions in currencies other than NZD, AUD, GBP and EUR.

2. The exchange rate given depends on the frequency and volume of transactions; larger and more frequent transactions get better exchange rates. In order to extend our no-fee currency transfer service to amounts below the standard minimum amount, a larger margin may be added to the exchange rate in order for Velocity Trade to cover our costs. However, Velocity Trade will continue to offer you no transfer fees and the most competitive exchange rate possible.

3. The transfer of funds by Velocity Trade to the recipient may be made via domestic transfer rather than through the SWIFT network. This may affect delivery time depending on the countries involved. Delivery time is not guaranteed by Velocity Trade, and any payments under $4,000 should be made well in advance of any deadlines, in order to avoid late payments.

4. Velocity reserves the right to refuse a transaction; if by offering the client the best possible competitive pricing, Velocity Trade will incur a loss or will be unable to cover the cost of a transaction.

5. The recipient of the funds (the client or the beneficiary) must hold a domestic currency account in the recipient country. If a foreign currency account is held in that country rather than a domestic currency account, funds must be transferred by Velocity Trade via SWIFT. If this is the case, a fee may be charged for the transfer to cover the added cost to Velocity Trade. The exchange rate will remain the same in both circumstances, and reflect the best possible rates Velocity Trade can offer.

Want to make an international money transfer under $4,000? Give us a call for a quote! 

New Zealand free call: 0508 CURRENCY (0508 287 736)

International: +64 9 918 8315

Email: transfers@velocitytrade.co.nz