Bank Accounts

Old Jan 22nd 2008, 5:18 pm
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Question Bank Accounts

Moving to Nelson in February, just waiting to transfer our funds into the bank account set up for us.

I have heard that we cannot draw funds from our bank until we have an address, I understand this but we will be staying in two different hotels in the first few weeks - the first week our emigration company set up for us as part of our deal - but the second week we want to find somewhere cheaper.

So back to the question, we also have some other money in our current account which I was going to get transferred along with our savings, but now that I won't be able to withdraw funds, I cannot do this as we obviously need to pay for our hotel, possible rental and deposit (when we find one) and we were hoping to buy a car as well as have some money to live on for a bit.

Would I be better bringing over travellers cheques and a little cash for this extra money.

How has anybody else done this, that haven't had accommodation set up.
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Old Jan 22nd 2008, 9:01 pm
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Default Re: Bank Accounts

Originally Posted by juliejamesmcgrath View Post
Moving to Nelson in February, just waiting to transfer our funds into the bank account set up for us.

I have heard that we cannot draw funds from our bank until we have an address, I understand this but we will be staying in two different hotels in the first few weeks - the first week our emigration company set up for us as part of our deal - but the second week we want to find somewhere cheaper.

So back to the question, we also have some other money in our current account which I was going to get transferred along with our savings, but now that I won't be able to withdraw funds, I cannot do this as we obviously need to pay for our hotel, possible rental and deposit (when we find one) and we were hoping to buy a car as well as have some money to live on for a bit.

Would I be better bringing over travellers cheques and a little cash for this extra money.

How has anybody else done this, that haven't had accommodation set up.
I just used the address of my temporary accomodation when I got here to open my account with, then changed that address when I moved, just pop into the branch to do it, was easy
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Old Jan 22nd 2008, 11:09 pm
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Default Re: Bank Accounts

You should be able to access your funds. Which bank & branch have you used?
Contact them direct.

My husband only had a bunk house as a temporary address. He was able to access the funds deposited into the ASB account we had arranged from the UK.

He used his passport for ID & sorted out a cash point card by visiting the branch in person. You'll find the banks here very helpful to overseas migrants.
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Old Jan 22nd 2008, 11:44 pm
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Default Re: Bank Accounts

Originally Posted by BEVS here View Post
You should be able to access your funds. Which bank & branch have you used?
Contact them direct.

My husband only had a bunk house as a temporary address. He was able to access the funds deposited into the ASB account we had arranged from the UK.

He used his passport for ID & sorted out a cash point card by visiting the branch in person. You'll find the banks here very helpful to overseas migrants.
Yup, ASB were the same for me, very helpfull
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Old Jan 23rd 2008, 2:42 am
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Default Re: Bank Accounts

Originally Posted by irnbru14 View Post
Yup, ASB were the same for me, very helpfull
I used BNZ (and still do) they were great, I used my temp address which was a backpackers, visit your local branch with passport in hand. I even got all my banking post (cards etc) delivered to my nearest branch

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Old Jan 23rd 2008, 2:47 am
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Default Re: Bank Accounts

Agree with all the above, but Westpac in our case. Gave temp address to start off, then changed it as soon as we were settled. You'll have no problems.
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Old Jan 23rd 2008, 4:15 am
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Default Re: Bank Accounts

Originally Posted by BEVS here View Post
He used his passport for ID & sorted out a cash point card by visiting the branch in person. You'll find the banks here very helpful to overseas migrants.
This so true, it applies for National Bank as well. Our NZ bank account was opened when we arrived with a hotel as the address. They are so used to dealing with migrants, they make it easy rather than difficult for you.
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Old Jan 23rd 2008, 6:06 pm
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Thumbs up Re: Bank Accounts

Hi Julie We to are originally from Barrow. We came to Dunedin in 2003. My advice would be to actually keep a bank account/building society account open in the UK. This allows you to bring money in using your bankcard when you choose. It's great when the dollar is low against the pound, it's high at the moment.

We also find this easier for relatives to put money into our bank account for birthdays and Christmas, saves on postage which is getting dearer and dearer.

Just make sure that your bank/building society in the UK don't charge you for transactions, I know that Nationwide don't.

Hope you settle in and don't believe what they say about Dunedin. We actually like it here. Yes it does get colder in the winter but certainly not as cold as England. Anyway if I can be of any more help just let me know.

Good luck

Last edited by SLH; Jan 23rd 2008 at 6:28 pm.
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Old Jan 24th 2008, 9:38 am
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Default Re: Bank Accounts

We set up a P O Box address in nz and used that when we opened an account with Westpac in uk.
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Old Jan 25th 2008, 11:29 am
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Default Re: Bank Accounts

Thank you all for your comments, they have been a great help.

Thanx Julie
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