TopRate vs LemFi: sending money from New Zealand
Looking for a LemFi alternative in New Zealand? Here is how TopRate compares on fees, speed, the New Zealand payment rails you actually use — and the one thing no introductory offer gives you: rewards that keep paying after your first transfer.
How they compare
| Feature | TopRate | LemFi |
|---|---|---|
| FSPR-registered (New Zealand) | Yes | Check provider |
| NZ payment rails (bank transfer, debit card) | Yes | Varies |
| First-transfer fee | Fee credited back as Fee Credit | Low/zero fee + FX margin (varies) |
| Rewards that keep paying after transfer #1 (cashback on every transfer, not a one-time promo) | Yes — cashback on every transfer | Not advertised |
| Live rate shown before you sign up | Yes — on this site | In app |
| Delivery speed | Minutes – 2 business days | Varies by corridor |
| Destinations from New Zealand | 30+ countries | Varies |
Comparison is indicative only and based on publicly available information; provider fees, rates and features change frequently. Always compare the live quote in each provider’s app before you send. TopRate Transfer is a registered financial service provider (money remittance) on New Zealand's Financial Service Providers Register (FSPR), supervised for AML/CFT by the Department of Internal Affairs (DIA).
The key difference: a rate you earn, not a promo that ends
Most money-transfer apps put their best foot forward on your first transfer. The question that matters is what happens on your tenth.
Transfer #1 — both welcome you
TopRate gives every new customer our special rate on their first $500 for 30 days, and many providers offer introductory benefits too. Day one is the easy part.
Transfer #2+ — where paths diverge
Introductory offers end. TopRate pays cashback as fee credit on every completed transfer, so your benefit continues the longer you stay, instead of disappearing.
Your rate, your progress
Rewards from sending and referrals pay your transfer fees over time, and the special rate is a benefit you earn — not a rate you set. T&Cs apply.
A special rate is a rewards benefit you earn — not a rate you set. Exchange rates are live, variable and not guaranteed. T&Cs apply.
Compare by destination
See the full provider comparison — TopRate vs Wise, Remitly and LemFi — for the corridor you actually send on.
Frequently asked questions
Is TopRate a good LemFi alternative in New Zealand?
Yes. TopRate is an FSPR-registered money transfer service, supervised by New Zealand's Department of Internal Affairs (DIA), built for sending money from New Zealand. You fund transfers with local NZ rails (bank transfer, debit card), fees are shown upfront, and instead of a one-time introductory offer your special rate is a rewards benefit you earn — it grows as you send. Always compare the live quote in both apps before you send.
What is the main difference between TopRate and LemFi?
The biggest structural difference is how each rewards you over time. Many providers offer their best pricing as an introductory benefit on early transfers. TopRate starts new customers on our special rate for their first AUD 500 (30 days), then keeps rewarding them: cashback you earn on every transfer, paid as fee credit, steps up with your loyalty tier the longer you stay — it is not a one-time promotion. Cashback is paid as fee credit, not a rate you set; exchange rates are live, variable and not guaranteed, and T&Cs apply.
Which countries can I send to with TopRate from New Zealand?
TopRate supports 30+ receiving countries from New Zealand, including Nigeria, Ghana, Kenya, India and the Philippines, with bank deposit, mobile money and wallet payout options depending on the corridor.
How do I pay for a transfer with TopRate in New Zealand?
You can fund transfers with bank transfer and debit card — local NZ payment rails with no card surcharges or slow international wires.
Try the rate you can earn
Download the TopRate app, check your live rate, and start building your special rate from transfer one.