Banking???????
May 28th 2006, 10:07 pm
#1
Just Joined
Thread Starter
Joined: Mar 2006
Posts: 20
Banking???????
Hi people!
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
May 29th 2006, 2:06 am
#2
Forum Regular
Joined: Sep 2004
Location: Niagara Falls, Ontario
Posts: 248
Re: Banking???????
Originally Posted by rita narbett
Hi people!
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
Michael
May 29th 2006, 2:28 am
#3
BE Enthusiast
Joined: Sep 2003
Location: Brisbane
Posts: 977
Re: Banking???????
Originally Posted by rita narbett
Hi people!
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
How do i open a bank account from here in the uk? What banks would you recommend? The ones with the lesser charges plz! Whens the best time to transfer your money from uk to nz bank?
Kind Regards
Other bansk that also have dedicated migrant banking services to allow you to open up accounts whilst still overseas include ASB, Westpac, ANZ and Bank of New Zealand. The biggest 4 banks are National Bank, ASB, Westpac, and ANZ. They all have charges unfortunately.
Dont know when the best time to transfer your money is, when are you planning to leave for NZ. The exchange rate now is better than it has been for a long time, but who knows what is going to happen in the future.
Happy reading up on banking websites!
May 29th 2006, 2:34 am
#4
Banned
Joined: Feb 2003
Posts: 3,467
Re: Banking???????
We chose the National Bank Of New Zealand and opened an account whilst still in the UK. If you have more than 5k in your account banking is free.
ASB are supposed to be pretty good too.
ASB are supposed to be pretty good too.
May 29th 2006, 2:35 am
#5
Banned
Joined: Feb 2003
Posts: 3,467
Re: Banking???????
We used Moneycorp to change our money from pounds to dollars and transferred over just enough to open an account and then the rest later.
May 29th 2006, 3:27 am
#6
WAS bored stiff in USA
Joined: Aug 2005
Location: now in Ashburton nz yahoo
Posts: 81
Re: Banking???????
We are with National too on a recommendation from my brother up in Auckland who said that whoever he was with when they first got here (maybe BNZ) were real rip off merchants with the charges.
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
May 29th 2006, 3:33 am
#7
BE Forum Addict
Joined: May 2005
Location: Canberra, ACT
Posts: 1,222
Re: Banking???????
My eldest has 2 accounts with National Bank, one his normal account and a savings account. I dont seem to think he has tax taken out though? May be in for a nasty surprise later though eh? 
May 29th 2006, 4:26 am
#8
Banned
Joined: Feb 2003
Posts: 3,467
Re: Banking???????
Originally Posted by cyndi
We are with National too on a recommendation from my brother up in Auckland who said that whoever he was with when they first got here (maybe BNZ) were real rip off merchants with the charges.
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
May 29th 2006, 4:34 am
#9
BE Enthusiast
Joined: Sep 2003
Location: Brisbane
Posts: 977
Re: Banking???????
Originally Posted by cyndi
We are with National too on a recommendation from my brother up in Auckland who said that whoever he was with when they first got here (maybe BNZ) were real rip off merchants with the charges.
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
A question though, we opened a savings account for our 14 yr old son & I see they take tax off every month, is this normal?
May 29th 2006, 5:12 am
#10
WAS bored stiff in USA
Joined: Aug 2005
Location: now in Ashburton nz yahoo
Posts: 81
Re: Banking???????
Originally Posted by sky
Have you given them his IRD number, don't know if this will make any difference though but it's just a thought
May 29th 2006, 7:29 am
#11
BE Enthusiast
Joined: Jun 2005
Location: Timaru, NZ
Posts: 484
Re: Banking???????
The banks in NZ do tax any interest earned on childrens savings accounts. 
