What I wrote about using IBKR for international wires needs a - disappointing - correction: At least for a European citizen whose IBKR account usually is held in Ireland it is NOT "super-easy" to transfer NZD to New Zealand - - - but actually impossible.

I exchanged USD in NZD, tried to wire that - and was baffled to find that in the currency selection for the wire I could only select USD, EUR, other European currencies (Norwegian and Swedish Crone etc.) or Israeli Shekel. Those are the only currencies I can wire.

Phone call to helpdesk. Couldn't help, suspected legal restrictions, asked me to send a secure message. After 1-2 days without answer I researched myself and found it's indeed not a bug but a feature of (probably not only) IBKR, thanks to whatever (legal?) restrictions.

So the only way for me (and probably all other European IBKR customers) to use IBKR's excellent exchange rates for wiring NZD, AUD or else seems to be to setup a Wise account (I am in the middle of doing that), to wire the NZD, AUD or else to that account, and from there to it's final destination.

I hope at least that works, otherwise I am ......

Berkshire Hathaway FAQ

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