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We have two types of limits for Rebit international money transfers:

Order Limit
Based on your transfer route, the sending amount should be between minimum and maximum limits. 
If your sending amount is not in that range, an error is shown like ‘Sending amount should be between 100 and 10,000 NZD.’ This means your order for the selected 'You Send' currency (ie. from NZD in this example) should be more than $100 and less than $10,000. 
This range is related to several factors including banking limitations in your paying country and cannot be modified for each user separately. Please note you may be able to submit multiple orders as long as your monthly limit allows you.

Monthly Limit
There is a monthly cap defined for every route. Check your Account page to find your monthly limits. This limit resets on the 1st of every calendar month. If you wish to increase your monthly limit, you need to verify your source of funds/wealth.

This means each order for the selected currencies can't be less than $X or more than $Y. 
You may be able to submit multiple orders to utilise your monthly allowance fully. Alternatively, chat with us and we may be able to submit an order from back-office for you.

Read more about limits in this article.

If you have reached your monthly transfer limit, and you wish to increase it, you need to verify your source of funds/wealth. That is for the currency you're paying in.
Please send all supporting documents by email to kyc@rebit.co.nz and explain your nature and purpose for the transfer.

To download a Proof of Income from Inland Revenue (IRD) website demonstrating your source of funds, please follow these steps:
  1. Log in to myIR.
  2. Click here to view a step-by-step guide to Request a summary of income.
  3. Go to Print Proof of Income and select Last income tax year as shown below.

  4. Go to Rebit app and send the download PDF file via Account > Verification > Additional Documents or Increase Limit message box when exceeding your limits.

Depending on your source of funds (or source of wealth) in New Zealand, you can provide the following documents as proof. We will then assess your documents and increase your limits for sending money with Rebit. Please send all supporting documents by email to kyc@rebit.co.nz and explain your nature and purpose for the transfer.


Employment (e.g. salary, wages etc)

  • Salary Payslips

  • Bank statements displaying the source of income and/or showing regular payments from an employer

  • Personal tax summaries (PTS)


Long-term savings

  • 3 months' bank statements, or

  • Term deposit statement


Gifts

  • Letter from a solicitor

  • Declaration from the giftor. 

    • If the giftor is in another country, please get an official translation of the letter.

    • If they’re in New Zealand, please verify their signature by JP.


Rental income

  • Tenancy agreement

  • Bank statements showing regular ‘rent’ payments from the tenants.


Sale of property

  • Sale and purchase agreement

  • Letter from solicitor/accountant


Sale of shares

  • Contract note


Loan drawdown

  • Loan agreement

  • Loan statement


Inheritances

  • Letter from solicitor

  • Will and probate


Running your own business

  • Copies of the latest audited company accounts

  • Bank statements showing sources of business revenue

  • Personal tax summaries (PTS)




If your source of funds is in another country and you'd like to transfer funds to New Zealand, required documents are fundamentally similar. Please view the following example for a better understanding.


ℹ️ Example: Your family sold your overseas property and they’re sending related funds to you in New Zealand. The following is a full set of supporting documents:

  • Sale agreement (translated)

  • Letter of authority you gave to your family member (translated)

  • ID/Passport for your family member.

  • Bank statement in English for the overseas account your sale amount was settled in. (Account name should match your ID or the mentioned authorised member.)

  • Proof of account or bank statement showing your name and address for the NZ account you need us to pay.
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