Best Way to Send Money Overseas From NZ (2026 Comparison)

There are about a dozen realistic ways to move money out of New Zealand, and the gap between the cheapest and the most expensive is larger than most people expect. On a NZ$5,000 transfer, third-party comparison data puts the spread at roughly NZ$16 at the cheap end and NZ$227 at the expensive end. Same money, same day, same destination account — a difference of more than NZ$200 depending purely on which logo you clicked.

We earn a commission if you open an account with some of the providers listed on this page. It never changes the rate or fee you pay, and it never changes our rankings — our comparison figures come from each provider's published pricing.

What NZ$5,000 actually costs, by provider

The table below uses third-party comparison data collected for a NZ$5,000 transfer from New Zealand to a US dollar bank account, ranked cheapest first. "Total cost" is the honest number: the transfer fee plus the money lost to the provider's exchange-rate margin, measured against the mid-market rate. That is the only figure worth comparing, because a NZ$5 fee attached to a 2.5% rate markup is a far worse deal than a NZ$20 fee at the real rate.

Rank	Provider	Total cost on NZ$5,000	Cost as % of transfer	Extra cost vs cheapest
1	Wise	NZ$16.37	0.33%	—
2	XE	NZ$30.18	0.60%	+NZ$13.81
3	OFX	NZ$39.02	0.78%	+NZ$22.65
4	CurrencyFair	NZ$41.56	0.83%	+NZ$25.19
5	TorFX	NZ$50.51	1.01%	+NZ$34.14
6	Currencies Direct	NZ$60.73	1.21%	+NZ$44.36
7	BNZ	NZ$77.46	1.55%	+NZ$61.09
8	ASB	NZ$84.58	1.69%	+NZ$68.21
9	Kiwibank	NZ$108.39	2.17%	+NZ$92.02
10	PayPal	NZ$226.85	4.54%	+NZ$210.48

Source: third-party comparison data for a NZ$5,000 NZD→USD transfer, compiled August 2026. Exchange rates and provider margins move constantly — sometimes several times a day — so treat these as a reliable ranking rather than a permanent price list. Always confirm the final amount your recipient will get on the provider's own quote screen before you press send.

Two things in that table are worth sitting with. First, the top six are all specialist transfer companies and the bottom four are banks and PayPal — the ranking is essentially "digital specialist" versus "incumbent". Second, PayPal costs more than thirteen times what Wise costs for the same job. If you have been using PayPal to pay a relative or a freelancer overseas because it was the account you already had, that habit has a price tag.

How we compare providers

Most "cheapest transfer" pages online quote the transfer fee and stop there, which is how a bank charging NZ$5 ends up looking cheaper than a service charging NZ$16. Here is exactly what we do instead, so you can check our work or repeat it yourself.

1. We compare total cost, not the advertised fee

For every provider we take the mid-market exchange rate at the moment of the quote — the rate you see on Google, Reuters or a currency converter, with no markup — and calculate what the recipient should receive. Then we take what the provider says the recipient will receive. The difference, plus any upfront fee, is the true cost. On a NZ$5,000 transfer, a 2% rate margin is NZ$100 that never appears on a receipt anywhere.

2. We quote a like-for-like transfer

Same amount, same currency pair, same payment method, same day, quotes pulled within a short window of each other. Comparing a bank's over-the-counter telegraphic transfer against a digital service's card-funded transfer is not a comparison, it is a rigged test. Where payment method changes the price materially — and it does; funding by credit card is always dearer than a bank transfer — we say so.

3. We separate cost from speed and treat them as different questions

The cheapest provider is not always the fastest, and for some transfers speed genuinely matters more than NZ$40. We publish both axes and let you decide, rather than collapsing them into a single "best" score that hides the trade-off.

4. We use published pricing, not press releases

Fee figures come from each provider's own pricing page, fee schedule or disclosure document. Bank transfer fees in New Zealand are published in the "fees and charges" PDF every registered bank is required to maintain. Where a provider publishes two different numbers in two different places — Wise, for example, states a NZ$400 monthly free ATM allowance on its pricing page and NZ$350 on one travel-card marketing page — we cite the pricing page and flag the discrepancy rather than quietly picking the flattering one.

5. Commission does not move the ranking

We earn affiliate commission from some providers listed here and not from others. Banks pay us nothing, and banks still appear in the table with their real numbers. If a provider we earn nothing from were cheapest, it would sit at the top — that is what happened when we built our cheapest way to exchange money in New Zealand comparison, and the method is the same here.

6. We state what a provider cannot do

Coverage gaps, missing product features and unavailable destinations are part of the comparison. Wise does not do cash pickup, does not offer forward contracts, and does not send to five Pacific destinations New Zealanders send to often. All of that is on this page, in plain language, because a recommendation that breaks when you actually try to use it is worse than no recommendation.

How to send money overseas from New Zealand: step by step

1. Get the recipient's details exactly right. What you need depends on the destination: a BSB and account number for Australia, a sort code and account number for the UK, an IBAN for Europe, a routing number for the United States, an IFSC code for India. Names must match the destination account exactly — a mismatched middle name is the single most common cause of a delayed transfer.
2. Get a quote for the actual amount, in the actual currency. Enter the amount and select whether you want to send a set NZD amount or have a set foreign-currency amount arrive. If a university invoice says USD 8,400, quote it as "recipient gets USD 8,400" so the fee does not eat into the invoice.
3. Compare at least two providers on what the recipient receives. Not the fee. Not the rate. The final landed amount. It takes about ninety seconds and it is where the NZ$60 is.
4. Verify your identity. Every provider operating in New Zealand is a reporting entity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and must verify you before your first transfer. Have a passport or NZ driver licence and a proof-of-address document ready. For large amounts, expect to be asked for evidence of where the money came from.
5. Choose how you pay. A direct bank transfer or bank-account debit is almost always the cheapest funding method. Debit card costs a little more, credit card costs a lot more, and a credit card may also be treated as a cash advance by your card issuer — which adds interest from day one.
6. Select the purpose of the transfer if asked. Some corridors require it — India, China and several others — and an inaccurate purpose code is a reliable way to have a transfer held or bounced.
7. Send, then keep the confirmation. Save the receipt showing the amount, rate, fee and reference. You will want it if the money is queried at the other end, and you may want it for IRD records if the transfer relates to income, a property purchase or a business expense.

Why bank transfers cost more than they appear

New Zealand banks are not lying about their fees. They are simply not charging you mainly through fees. Published outbound international transfer fees are modest: roughly NZ$5 online at BNZ, NZ$9 at ANZ, NZ$10 through Westpac One, NZ$15 at ASB and NZ$20 at Kiwibank, with staff-assisted transfers in branch running NZ$25–30. Look only at that column and the banks appear to undercut everyone.

The money is in the exchange rate. A retail bank converting NZD into a major currency typically applies a margin of roughly 1.5% to 3% against the mid-market rate, and that margin is invisible because it is baked into the rate you are shown. There is no line item. Nothing on your statement says "FX margin".

Run it on NZ$5,000:

• Visible fee: NZ$9 online transfer fee. Feels cheap.
• Invisible cost at a 2% rate margin: NZ$100.
• Actual total: NZ$109 — which is almost exactly where Kiwibank lands in the table above, and in the same neighbourhood as ASB and BNZ.
• Same transfer at the mid-market rate with a 0.33% cost: about NZ$16.50.

Scale it up and the arithmetic gets uncomfortable. On a NZ$50,000 house deposit, a 2% margin is NZ$1,000. On NZ$200,000 it is NZ$4,000 — real money, sitting entirely inside a number you were never shown. And there is often a third cost on bank transfers: correspondent or intermediary bank fees. Money sent by SWIFT can pass through one or two intermediary banks, each of which may deduct its own charge before the money lands. BNZ publishes a NZ$20 correspondent bank fee; other intermediaries deduct amounts you cannot predict in advance, which is why a recipient sometimes gets NZ$25–50 less than the confirmation said they would.

The reason digital specialists are cheaper is not clever trading. It is that they convert at the mid-market rate and charge a stated percentage — Wise's conversion fee starts at 0.25% and varies by currency — instead of hiding the margin. You can verify the rate they used against any public converter, including our USD, INR and AUD currency converter, which is a check you simply cannot perform on a bank's rate.

Speed: a separate question from cost

Cost and speed are different axes and it is worth deciding which one you actually care about before you choose.

Route	Typical arrival time	Worth knowing
NZ bank telegraphic transfer (SWIFT)	2–5 working days	Cut-off times matter. A transfer submitted Friday afternoon usually starts moving Monday. Public holidays at either end add days.
Wise	Seconds to 2 working days	Wise reports a majority of transfers arriving in under 20 seconds and about 95% within a day. Major corridors (AUD, GBP, EUR, USD) are fastest; first transfers are slower because of verification.
OFX / TorFX / Currencies Direct	1–3 working days	Funds must clear to the provider first, then be paid out. Add a day if you fund by bank transfer late in the day.
XE / CurrencyFair	1–3 working days	Similar model. CurrencyFair's peer-matching can add time if you set a target rate rather than taking the market rate.
Western Union / MoneyGram cash pickup	Minutes	Genuinely the fastest way to get cash into someone's hand, and the most expensive per dollar. Justifiable for emergencies, not for routine support payments.
PayPal	Minutes to hours	Fast, and by a wide margin the most expensive option in the table above. Convenience priced at roughly 4.5%.

Three practical notes on speed. Weekends and public holidays are dead time in almost every corridor — the money does not move because the receiving payment system is closed. Verification only slows your first transfer with a provider, which is a strong argument for opening the account a week before you need it rather than the morning of. And a "same day" promise is measured from when the provider receives your money, not from when you click send; if you fund by manual bank transfer, your own bank's processing time is part of the clock.

Large transfers: NZ$50,000 and up

This is the one section where we do not think Wise is automatically the answer, and pretending otherwise would be doing you a disservice.

Wise's pricing is a published percentage. It does not get better because you are sending more, beyond some tiering on very large amounts. That percentage is low — so on NZ$50,000, roughly 0.33% is about NZ$165, which is still excellent. But OFX, TorFX and Currencies Direct run human dealing desks, and on large amounts their margins are negotiable in a way that a published fee schedule is not. Ring them with NZ$300,000 to move and you will get a better rate than their website quotes, sometimes materially better. Ring Wise and you will get the same rate as everyone else.

They also offer three tools Wise genuinely does not have:

• Forward contracts. Lock today's rate for a transfer up to 12 months out, usually for a deposit of a few percent. If you have signed an unconditional contract on a property in Brisbane settling in four months, this removes exchange-rate risk from the biggest purchase of your life. A 4% adverse move on NZ$400,000 is NZ$16,000 — worth insuring against.
• Limit and market orders. Set a target rate and have the transfer execute automatically if the market reaches it, or set a stop to protect a floor.
• A named dealer. Someone who answers the phone, understands that your settlement date moved, and can restructure the transfer. For a NZ$600,000 settlement with a solicitor's trust account at the other end and a fixed date, that human is worth paying for.

Our honest recommendation for NZ$50,000+: get quotes from both. Open a Wise account and price the transfer, then ring OFX and TorFX and ask for a rate on your specific amount — tell them you are comparing, because that is when the desk sharpens its pencil. Below about NZ$30,000, the specialist desks rarely beat Wise's published pricing and the extra phone calls are not worth your afternoon. Above NZ$100,000, or where the timing is fixed and the amount is life-changing, the dealing desk usually earns its keep. If the transfer is for a business rather than personal — supplier payments, payroll, invoicing overseas customers — read our Wise Business New Zealand guide, which covers batch payments and Xero integration, alongside a desk quote.

Sending money for a specific purpose

A house deposit or property purchase overseas

The money usually has to reach a solicitor's or conveyancer's trust account by a fixed date, and that changes the priorities: certainty and traceability first, cost second. Use a provider that can confirm the exact landed amount in advance, because trust accounts reconcile to the cent and a NZ$30 intermediary deduction can hold up a settlement. Expect enhanced due diligence — proof of source of funds, which for most people means bank statements showing the sale of a NZ property or a KiwiSaver withdrawal. Start the process at least two weeks before settlement. If the amount is large and the date is fixed, this is exactly the forward-contract scenario described above.

University or school fees

Quote it as "recipient receives" the exact invoice amount so fees do not create a shortfall — universities are unforgiving about part-paid invoices and will happily leave enrolment incomplete over a USD 40 gap. Always include the student ID or invoice number in the reference field. Some universities use a dedicated student-payment portal that bundles its own FX margin; compare that portal's landed cost against a direct transfer to the university's bank account, because the portal is frequently the dearer route. If fees recur each semester, a multi-currency account that lets you hold the foreign currency and pay when the rate is good is worth setting up once.

Regular family support

Cost per transfer matters far more here than anywhere else, because you are paying it twelve or twenty-four times a year. NZ$80 a fortnight in bank margin is over NZ$2,000 a year that never reaches your family. Two adjustments help: send larger amounts less often, since a fixed fee spread over a bigger transfer costs less per dollar; and set up a repeating transfer so you are not re-entering details monthly. Check whether the recipient's bank charges an inbound fee — many do, and it is quietly deducted at their end.

Receiving or sending a salary

If you are paid in a foreign currency while living in New Zealand, or paid in NZD while living overseas, the repeated conversion is where the money goes. A multi-currency account with local account details lets an overseas employer pay you as a local — into a local account number in that currency — and lets you convert on your own schedule rather than whenever payroll runs. Wise provides local account details for AUD, USD, GBP, EUR, NZD, CAD, SGD, HUF, RON and TRY, and holds 40-plus currencies.

Paying an overseas supplier

Suppliers usually invoice in their own currency and want the invoice paid in full. Send "recipient gets" the invoice amount, put the invoice number in the reference, and keep the receipt for GST and income tax records. If you pay several suppliers a month, batch payments and accounting integration will save more time than the FX saves money — that is a business account job, not a personal one.

Where you cannot use Wise from New Zealand

This matters more in New Zealand than almost anywhere else, because of who we send money to. Wise does not support transfers to Samoa, Tonga, Vanuatu, Papua New Guinea or the Cook Islands. Those are five of the corridors New Zealanders use most, and no amount of comparing will change it. Fiji is supported — Wise extended coverage to Fijian dollar transfers — so do not lump Fiji in with the others.

What to use instead:

• Cook Islands. The Cook Islands uses the New Zealand dollar, so there is no currency conversion to optimise at all. A standard international transfer from your NZ bank to a Cook Islands bank account (ANZ or Bank of the Cook Islands) is straightforward — you pay the outbound transfer fee and no FX margin, because there is no FX. This is the one Pacific corridor where your own bank is a genuinely sensible choice.
• Samoa, Tonga, Vanuatu and Papua New Guinea. Realistic options are a telegraphic transfer from your New Zealand bank, a Pacific-focused remittance operator, or Western Union and MoneyGram for cash pickup where the recipient has no bank account. Costs in these corridors are historically high — often 5–10% on small amounts — which is precisely why they are worth comparing rather than defaulting to whichever shopfront is closest.
• Compare before you send. The World Bank's Remittance Prices Worldwide database publishes measured total costs by corridor, and the gap is enormous: on New Zealand→Samoa it recorded roughly 0.74% for a Pacific specialist sending to a mobile wallet against 15.51% through a bank branch, and on New Zealand→Tonga 1.62% against 17.63%. On a NZ$400 remittance that is the difference between about NZ$3 and about NZ$70. (SendMoneyPacific, the long-standing comparison site funded by the New Zealand and Australian governments, has since closed — if an older guide points you there, it is out of date.)

One thing to avoid: do not assume the operator with the lowest advertised fee is cheapest in these corridors. Pacific remittance pricing leans heavily on the exchange rate, and a "no fee" promotion attached to a 6% rate margin on a NZ$500 transfer costs NZ$30. The total-cost method described in our methodology section applies here too.

Tax and compliance: what New Zealand actually requires

This is general information, not tax advice. If the amounts are large or the situation is complicated — a foreign inheritance, a property sale, a business restructure — pay an accountant. It will cost less than getting it wrong.

Sending money overseas

There is no New Zealand tax on the act of sending money abroad, and no gift duty — it was abolished in 2011 — so supporting family overseas or gifting money to an adult child in London creates no New Zealand tax liability by itself. What can be taxable is the source: if you sold an asset, drew from a business, or withdrew from an investment to fund the transfer, normal income tax rules apply to that event. Sending the proceeds offshore neither creates nor avoids a liability. If a gift is large and you receive means-tested support or are considering residential care subsidies, gifting can still have consequences outside the tax system — worth a conversation with an adviser.

Receiving money from overseas

If you are a New Zealand tax resident, you are taxed on your worldwide income, not just your New Zealand income. Genuine gifts and inheritances are not income and are not taxed. But money arriving from overseas that represents income is taxable: foreign rent, foreign salary, interest, dividends, and distributions from foreign trusts. Two rules catch people out. The foreign investment fund (FIF) rules can tax you on offshore shares and funds where the total cost exceeds NZ$50,000, based on a deemed return rather than the cash you actually received. And foreign superannuation withdrawals — including lump sums pulled out of a UK, Australian or US scheme — have their own regime that often produces a tax bill on part of the withdrawal. New migrants should also check whether they qualify as a transitional resident, which exempts most foreign-sourced income for up to roughly four years from arrival. That exemption is valuable, has traps, and is easy to unintentionally forfeit.

AML identity requirements

Every bank and money transfer provider operating here is a reporting entity under the AML/CFT Act 2009 and must verify your identity before your first transfer. In practice: photo ID (passport or NZ driver licence), proof of address, and for larger transfers, evidence of the source of funds. Providers must also file prescribed transaction reports with the Financial Intelligence Unit for international wire transfers of NZ$1,000 or more — so essentially every transfer discussed on this page is reported as a matter of routine. This is not suspicion of you; it is a legal filing obligation. Being asked for a bank statement showing where NZ$120,000 came from is the system working normally, and a provider that never asks is a provider to be wary of.

On Wise specifically, one disclosure is worth stating plainly because people search for it: Wise Payments Ltd operates in New Zealand as a foreign entity and is not licensed by a New Zealand regulator. It is registered as a financial service provider and supervised by the Department of Internal Affairs for AML/CFT purposes. That is a real structural difference from ANZ or ASB, which are licensed and prudentially supervised by the Reserve Bank of New Zealand. It does not mean Wise is unregulated — it is authorised in the UK and Europe and holds customer funds separately from its own — but the New Zealand regulatory backstop you get with a registered bank is not the same. We cover this in more detail in our Wise review for New Zealand users.

Carrying cash across the border

If you take NZ$10,000 or more in cash (or equivalent in foreign currency, or bearer negotiable instruments like traveller's cheques) into or out of New Zealand, you must file a Border Cash Report with New Zealand Customs. It is free, it takes a few minutes online or on a form at the airport, and there is no limit on how much you may carry — the requirement is to declare, not to seek permission. Failing to declare can mean the money is seized. Splitting NZ$18,000 between two travellers to stay under the threshold is structuring, and it is an offence in itself. If you are moving that kind of money, transfer it electronically: it is cheaper, safer, traceable, and generates the paper trail you will want at the other end anyway.

So what is the best way to send money overseas from NZ?

Match the tool to the job:

• NZ$100 to NZ$30,000, to a bank account, in a mainstream currency: a digital specialist, and on published pricing Wise is the cheapest of them at roughly 0.33% on NZ$5,000 versus 1.5–2.2% through a New Zealand bank.
• NZ$50,000+, or a fixed settlement date: price Wise, then get live quotes from OFX and TorFX. Ask about forward contracts if the date is months away.
• Recipient has no bank account, or needs cash in hand today: Western Union or MoneyGram. Expensive, and the right answer anyway.
• Samoa, Tonga, Vanuatu, PNG: compare on the World Bank's Remittance Prices Worldwide database (SendMoneyPacific, the long-standing government-backed comparison site, has closed). Wise is not an option.
• Cook Islands: your own bank, because there is no currency conversion to save on.
• Paid in a foreign currency, or sending regularly: a multi-currency account, so you convert once on your terms instead of every payday.
• You need physical foreign cash before you fly: that is a different job entirely — see our guides to currency exchange services in New Zealand and the best card to use overseas from NZ.

Corridor-specific guides go deeper on the details that actually cause problems — required account formats, payout rails, arrival times and local rules. Start with sending money to Australia from NZ or sending money to India from NZ, which are the two highest-volume corridors out of New Zealand.

Frequently asked questions

What is the cheapest way to send money overseas from New Zealand?

On third-party comparison data for a NZ$5,000 transfer to the United States, Wise is cheapest at about NZ$16.37 total cost, followed by XE at NZ$30.18 and OFX at NZ$39.02. New Zealand banks cost between NZ$77 and NZ$108 for the same transfer, and PayPal costs NZ$226.85. The gap exists because banks add a 1.5–3% margin to the exchange rate on top of their visible transfer fee, while digital specialists convert at the mid-market rate and charge a stated percentage.

Is it cheaper to send money through my bank or a transfer service?

A transfer service, in almost every case. Bank transfer fees look low — NZ$5 to NZ$20 online — but the exchange-rate margin is where the real cost sits, and it is invisible on your statement. On NZ$5,000, a 2% margin is NZ$100 that no receipt will ever itemise. Bank SWIFT transfers can also incur correspondent bank fees deducted en route, so the recipient sometimes gets NZ$25–50 less than you were quoted.

How long does an international transfer from New Zealand take?

A bank telegraphic transfer typically takes 2–5 working days. Digital services are much faster: Wise reports a majority of transfers arriving in under 20 seconds and about 95% within a day, while OFX, TorFX and XE generally take 1–3 working days. Your first transfer with any provider is slower because of identity verification. Weekends and public holidays at either end add days, since the receiving payment systems are closed.

Do I have to pay tax on money I send overseas from New Zealand?

No. New Zealand has no tax on sending money abroad and no gift duty — it was abolished in 2011. What can be taxable is where the money came from: if you sold an asset or drew income to fund the transfer, normal income tax rules apply to that event regardless of where the money then goes. Receiving money is different — as a New Zealand tax resident you are taxed on worldwide income, so foreign rent, salary, interest and dividends are taxable, while genuine gifts and inheritances are not.

Is Wise safe to use in New Zealand?

Wise Payments Ltd operates in New Zealand as a foreign entity and is not licensed by a New Zealand regulator. It is registered as a financial service provider here and supervised by the Department of Internal Affairs for anti-money-laundering purposes, and it is authorised in the UK and Europe where it is headquartered. Customer money is held separately from company funds. That is a genuinely different arrangement from a New Zealand registered bank supervised by the Reserve Bank, and worth understanding before you move a house deposit through it.

Can I use Wise to send money to Samoa or Tonga?

No. Wise does not support transfers to Samoa, Tonga, Vanuatu, Papua New Guinea or the Cook Islands. For Samoa, Tonga, Vanuatu and PNG, compare costs on the World Bank's Remittance Prices Worldwide database, which publishes measured total costs for New Zealand→Pacific corridors — or use a bank telegraphic transfer or Western Union or MoneyGram for cash pickup. The Cook Islands uses the New Zealand dollar, so a standard bank transfer involves no currency conversion at all. Fiji, unlike the others, is supported by Wise.

What is the maximum amount I can send overseas from New Zealand?

New Zealand has no legal limit on how much money you can send overseas electronically, and no exchange controls. Individual providers set their own per-transfer and per-day caps, which vary by currency and payment method, and destination countries may impose their own limits on inbound money — China and India both do. Providers must file a prescribed transaction report for any international wire transfer of NZ$1,000 or more, and will ask you to evidence the source of funds on large amounts. Carrying NZ$10,000 or more in physical cash across the border requires a Border Cash Report.

Do I need to declare money I send or receive overseas to IRD?

You do not declare transfers themselves — IRD taxes income, not movements of money. You do need to declare foreign income on your tax return: overseas rent, salary, interest, dividends, and amounts caught by the foreign investment fund rules if your offshore shares and funds cost more than NZ$50,000 in total. Foreign superannuation withdrawals have their own rules and often generate a tax bill. IRD also receives account information from other countries automatically under international exchange agreements, so undeclared offshore income is far more visible than people assume.

Which is better for large transfers, Wise or OFX?

It depends on the amount. Below roughly NZ$30,000, Wise's published pricing usually wins — around 0.33% on a NZ$5,000 transfer versus OFX's 0.78%. Above roughly NZ$100,000, OFX and TorFX often win, because they run human dealing desks that negotiate margins on large amounts and offer forward contracts to lock a rate up to 12 months ahead, plus limit orders. Wise offers neither. If you have a property settlement with a fixed date months away, that rate lock can be worth far more than the fee difference.

What details do I need to send money overseas?

It varies by destination. Australia needs a BSB and account number, the UK a sort code and account number, Europe an IBAN, the United States a routing number and account number, India an IFSC code and account number. Everywhere you need the recipient's full legal name exactly as it appears on their account — a mismatched or abbreviated name is the most common cause of delays. Some corridors, including India and China, also require you to select a purpose of payment, and an inaccurate selection can get the transfer held.