Which Bank?
#1
Just Joined
Thread Starter
Joined: Oct 2012
Location: UK now, Move to Hamilton Dec 13
Posts: 17
Which Bank?
Hi, I'm new to the site and have found it incredibly helpful, informative (and amusing) already! My partner and I are moving to NZ in January - I have a job offer and so just getting everything sorted. Question is this - we have been directed by my future employer to Westpac - to set up an account from the UK now and they have been really helpful. But is this a good choice of bank for NZ? Thanks
#2
Re: Which Bank?
If you havent yet thought of flights, try ANZ, they have an offer with Emirates which will up your luggage allowance from 30kg to 45kg each. Its an online account, and you only need to open it, you dont even need to have any money in it, when you book your flight quote the special offer code and your luggage allowance is automatically increased.
Good luck.
Good luck.
#3
Re: Which Bank?
Probably means that is who your employer banks with, only difference that might make is you'll get access to your salary the same day they pay it rather than maybe an overnight....
No problem having accounts at more than one bank.
No problem having accounts at more than one bank.
#4
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Thread Starter
Joined: Oct 2012
Location: UK now, Move to Hamilton Dec 13
Posts: 17
Re: Which Bank?
Thanks both. Just trying to work out if day to day banking experience/charges is better with one bank than another but guess its like over here - all the same! And yes, it is because employer banks with them.
#5
Lost in BE Cyberspace
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 5,249
Re: Which Bank?
Westpac only do overnight processing, so you still have to wait til the next day for your pay even if your employer is with them. AFAIK only ASB to ASB is immediate.
There are some additional benefits to being with Westpac if you are in public sector, preferential rates and such like.
There are some additional benefits to being with Westpac if you are in public sector, preferential rates and such like.
#6
Re: Which Bank?
Hi, I'm new to the site and have found it incredibly helpful, informative (and amusing) already! My partner and I are moving to NZ in January - I have a job offer and so just getting everything sorted. Question is this - we have been directed by my future employer to Westpac - to set up an account from the UK now and they have been really helpful. But is this a good choice of bank for NZ? Thanks
I bank with Westpac that reason and my wages go into my account at midnight the night before payday.
#7
Just Joined
Thread Starter
Joined: Oct 2012
Location: UK now, Move to Hamilton Dec 13
Posts: 17
Re: Which Bank?
Thanks - no not with a govt organisation. Timing of getting paid not too important to me so will probably go with Westpac as looking online can't see any advantages of any other banks.
#8
Re: Which Bank?
I thought lots of banks did real-time internal transfers? TSB do and I think KiwiBank.
I've only used ASB a few times but their aggressive sales people puts me off (and normally I'm someone who loves a good pitch! ), also they have these weird deposit fees that makes TradeMe difficult.
I've only used ASB a few times but their aggressive sales people puts me off (and normally I'm someone who loves a good pitch! ), also they have these weird deposit fees that makes TradeMe difficult.
#9
BE Enthusiast
Joined: Jul 2008
Location: Auckland
Posts: 463
Re: Which Bank?
I don't think that there is much difference between the big banks.
I use ANZ and ASB.
ANZ because my wife works for them.
ASB because I work for them.
I haven't noticed much of a difference between those two, I don't know anything about BNZ or Westpac.
I use ANZ and ASB.
ANZ because my wife works for them.
ASB because I work for them.
I haven't noticed much of a difference between those two, I don't know anything about BNZ or Westpac.
#10
MODERATOR
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 9,077
Re: Which Bank?
We use ANZ, because it took over National, never had a problem with them, they don't do immediate payments it's all done over night but thats not a problem. Have always found them helpful on the phone and at Branch. You can open the account abroad you just need to go in with your passport to get your bank cards. Oh the one thing you can't set up your ATM number at the ATM you have to do that at the branch but apart from that one gripe and not sure if it''s just ANZ or every bank that does that, found them overall very good and their online banking is great and you can have as many accounts with them as you like, so we have a chequing account, a bills account, a holiday account, 2 savings account, cc account, 2 mortgage accounts
#11
Re: Which Bank?
We're with the TSB, and I am hugely impressed, except for one little issue - they don't have cash in the branches!
Our branch staff know us, I can do loads over the phone or email as we have a relationship with them, and especially when Neil rings, they say "hi Neil how can we help you"
Their interest rates are good if you have a Premier account, and they have been very helpful indeed with a recent home improvement loan, essentially making on the spot decisions by looking at our banking and home ownership history with them, instead of sending everything away to a faceless branch somewhere.
Not bad at all
Jan
Our branch staff know us, I can do loads over the phone or email as we have a relationship with them, and especially when Neil rings, they say "hi Neil how can we help you"
Their interest rates are good if you have a Premier account, and they have been very helpful indeed with a recent home improvement loan, essentially making on the spot decisions by looking at our banking and home ownership history with them, instead of sending everything away to a faceless branch somewhere.
Not bad at all
Jan
#12
Just Joined
Thread Starter
Joined: Oct 2012
Location: UK now, Move to Hamilton Dec 13
Posts: 17
Re: Which Bank?
Thanks Jan - I will have a look. Interest rates are a key factor.
#13
Account Closed
Joined: Nov 2011
Posts: 755
Re: Which Bank?
We have accounts with ASB, ANZ and Westpac
All of them are as good as each other in my opinion. I have no issues at all
Obviously some have better interest rates but im happy with all 3. Gives a wide choice to look at when getting the mortgage next year - hopefully
All of them are as good as each other in my opinion. I have no issues at all
Obviously some have better interest rates but im happy with all 3. Gives a wide choice to look at when getting the mortgage next year - hopefully
#14
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Joined: Jan 2008
Location: permanently locked down
Posts: 733
Re: Which Bank?
Personally I wouldn't bother having bank accounts with more than one, as free banking is a bit of a novelty over here.
Main banks (Aussie owned) seem to be much of a muchness, though I wouldn't recommend bnz who joined with in UK before moving. Generally had poor service from them.
Kiwibank seem to offer the best rates, but as their only branches are in Post Offices, prepare for nasty queues! TSB also have very good write ups, but seem to have few branches outside their New Plymouth base.
I'm with ANZ since mid last year after taking a mortgage with 'em and moving my banking at same time. Certainly found service much better, and certainly their internet banking is.
Main banks (Aussie owned) seem to be much of a muchness, though I wouldn't recommend bnz who joined with in UK before moving. Generally had poor service from them.
Kiwibank seem to offer the best rates, but as their only branches are in Post Offices, prepare for nasty queues! TSB also have very good write ups, but seem to have few branches outside their New Plymouth base.
I'm with ANZ since mid last year after taking a mortgage with 'em and moving my banking at same time. Certainly found service much better, and certainly their internet banking is.
#15
Just Joined
Thread Starter
Joined: Oct 2012
Location: UK now, Move to Hamilton Dec 13
Posts: 17
Re: Which Bank?
Thanks everyone for advice. Will go with Westpac I think - had good service from them so far - but then they are after our business
I'm sure I'll have more questions on other topics before the big move but so much info on this forum!
I'm sure I'll have more questions on other topics before the big move but so much info on this forum!