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Money transfer charges (HiFX to Kiwibank)

Money transfer charges (HiFX to Kiwibank)

Old Aug 13th 2014, 10:19 pm
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Default Money transfer charges (HiFX to Kiwibank)

HI

Arriving in Auckland on the 28th and did a trial transfer to my new Kiwibank account from HiFX. Worked okay, but lost 25 NZD on the transaction which I believe in a Kiwibank charge. Does anyone know if there is a way to avoid such charges? or is this reasonable?

Cheers
Des
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Old Aug 13th 2014, 11:15 pm
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Default Re: Money transfer charges (HiFX to Kiwibank)

Originally Posted by desmondo84
HI

Arriving in Auckland on the 28th and did a trial transfer to my new Kiwibank account from HiFX. Worked okay, but lost 25 NZD on the transaction which I believe in a Kiwibank charge. Does anyone know if there is a way to avoid such charges? or is this reasonable?

Cheers
Des
I incurred additional charges on a HiFX transfer to Aus. Switched to UKForex after that with no issues. Aus version is OZForex - not sure if that's accessible in NZ but I'd suggest shopping around. The extra charge I had was routing through a third bank ???
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Old Aug 13th 2014, 11:33 pm
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Smile Re: Money transfer charges (HiFX to Kiwibank)

International transfer fee maybe? Banks extort varying amounts to credit foreign funds even in NZD. NZ to NZ acct. should be free though.

SBS bank used to be cheapest but that was a few years ago. Nice little bank actually, my little sister did a first time buyer home loan thing a few months ago and they couldn't have been clearer or more helpful.

Last edited by Charismatic; Aug 13th 2014 at 11:35 pm.
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Old Aug 14th 2014, 7:58 am
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Default Re: Money transfer charges (HiFX to Kiwibank)

depends on how much you transfer over I believe. I have never had any charges from either side. You may need to read the small print
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Old Aug 16th 2014, 7:09 pm
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Default Re: Money transfer charges (HiFX to Kiwibank)

So long as you were transferring NZD into the account there should be no charges. I've used Hifx myself and wasn't charged a fee (and I bank with Kiwibank and was not charged by them either). I find for amounts under GBP8000 xe. com have better rates.

I had exceptionally good service and rates from Moneycorp transferring my house sale proceeds over (big amount) - no charge from Kiwibank to receive that either. Are you sure it was NZD that you were transferring? Sounds a bit odd to me.
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Old Sep 1st 2014, 8:53 am
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Default Re: Money transfer charges (HiFX to Kiwibank)

Hi, I would suggest that you try xe trade.
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