Money transfer charges (HiFX to Kiwibank)
#1
Forum Regular
Thread Starter
Joined: Jul 2014
Location: Beachlands, Auckland
Posts: 229
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
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
#2
Re: 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
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
#3
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.
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 14th 2014 at 11:35 am.
#4
MODERATOR
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 9,077
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
#5
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.
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.
#6
Just Joined
Joined: Apr 2014
Posts: 21
Re: Money transfer charges (HiFX to Kiwibank)
Hi, I would suggest that you try xe trade.