Do I need a bank account in Saudi Arabia to send money to New Zealand?
Not necessarily. Many international services operating in Saudi Arabia offer cash transfers to New Zealand, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Saudi Arabia to New Zealand, an account will be required.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
What information do I need to transfer money?
You will typically need:
Recipient's name and surname
Country and city of receipt
Transfer amount
Currency of receipt (if different from the sending currency)
For some services, the recipient's phone number or email address may be required
Can I cancel a money transfer from Saudi Arabia to New Zealand after it's sent?
Yes, in most cases, you can cancel a money transfer from Saudi Arabia to New Zealand if the funds haven't yet been received in New Zealand. To do so, contact the provider's support team in Saudi Arabia or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Saudi Arabia and New Zealand.
