Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

New Zealand Dollars Question

New Zealand Dollars Question

Old Apr 25th 2010, 2:43 pm
  #1  
Forum Regular
Thread Starter
 
Gizmo27's Avatar
 
Joined: Sep 2009
Location: Somewhere in Auckland
Posts: 184
Gizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the rough
Question New Zealand Dollars Question

Hi all,

While I wait for an update for INZ regarding my interview, I have been making a list of things to do if I it all goes ok and one of those things is NZ money.

I was wondering what the best way to get NZ Dollars is. I need a residence (flat/house) in NZ before I can open a NZ bank account, and I need a job in order to know where I am settling, so we are talking about while I travel and look for a job.

I know that by using a UK based credit/debit card I will be charged either a rate or percentage to withdraw cash and make transactions in a foreign currency, so I thought travellers cheques ~ But they are hardly used anymore!

Obviously I will withdraw some NZD's in the UK before I depart.

I therefore have 2 questions:

1) What is a suitable sum of NZD's to get in the UK (Excluding cash for accomidation)?
2) What is the best way to pay for things once I am in NZ and looking for work. Credit card, debit card, travellers cheques or another way?

Thanks, Gizzy.
Gizmo27 is offline  
Old Apr 25th 2010, 5:52 pm
  #2  
BE Enthusiast
 
Joined: Sep 2009
Location: thatcham berkshire england
Posts: 431
concretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud ofconcretepump has much to be proud of
Default Re: New Zealand Dollars Question

Originally Posted by Gizmo27 View Post
Hi all,

While I wait for an update for INZ regarding my interview, I have been making a list of things to do if I it all goes ok and one of those things is NZ money.

I was wondering what the best way to get NZ Dollars is. I need a residence (flat/house) in NZ before I can open a NZ bank account, and I need a job in order to know where I am settling, so we are talking about while I travel and look for a job.

I know that by using a UK based credit/debit card I will be charged either a rate or percentage to withdraw cash and make transactions in a foreign currency, so I thought travellers cheques ~ But they are hardly used anymore!

Obviously I will withdraw some NZD's in the UK before I depart.

I therefore have 2 questions:

1) What is a suitable sum of NZD's to get in the UK (Excluding cash for accomidation)?
2) What is the best way to pay for things once I am in NZ and looking for work. Credit card, debit card, travellers cheques or another way?

Thanks, Gizzy.
hi unless its changed , we opened a bank account with ABS in 1991,and we were on holiday then, so you should not have any problems ABS also have an account in London where you cant open an account and they will transfer money, if you transfer more than £30,000 its free if you transfer less its £15
and they can arrange for you to have a expos card, which is like cash 99% of places take them, so when you arrive in nz you go to your nearist asb and prove who you are then you can sign for you card and off you go
concretepump is offline  
Old Apr 25th 2010, 6:47 pm
  #3  
HAPPY AS...
 
hazeandsteve's Avatar
 
Joined: May 2006
Location: Taupo
Posts: 1,068
hazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond reputehazeandsteve has a reputation beyond repute
Default Re: New Zealand Dollars Question

Originally Posted by Gizmo27 View Post
I need a residence (flat/house) in NZ before I can open a NZ bank account
No you don't mate.

En EFTPOS (electronic funds transfer at point of sale) card can be sent to the bank for you to pick up.
hazeandsteve is offline  
Old Apr 25th 2010, 7:18 pm
  #4  
Forum Regular
Thread Starter
 
Gizmo27's Avatar
 
Joined: Sep 2009
Location: Somewhere in Auckland
Posts: 184
Gizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the roughGizmo27 is a jewel in the rough
Default Re: New Zealand Dollars Question

Originally Posted by hazeandsteve View Post
No you don't mate.

En EFTPOS (electronic funds transfer at point of sale) card can be sent to the bank for you to pick up.
My brother gives me dodgy information yet again.

One might think he dosn't want me moving to the same country as him

Thanks. I will look up the ABS/EFTPOS card thingys tomorrow.
Gizmo27 is offline  
Old Apr 26th 2010, 6:40 am
  #5  
MnB
 
MnB's Avatar
 
Joined: May 2009
Location: Welly UK to Welly NZ to Welly UK
Posts: 2,227
MnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond repute
Default Re: New Zealand Dollars Question

Originally Posted by Gizmo27 View Post
Hi all,

While I wait for an update for INZ regarding my interview, I have been making a list of things to do if I it all goes ok and one of those things is NZ money.

I was wondering what the best way to get NZ Dollars is. I need a residence (flat/house) in NZ before I can open a NZ bank account, and I need a job in order to know where I am settling, so we are talking about while I travel and look for a job.

I know that by using a UK based credit/debit card I will be charged either a rate or percentage to withdraw cash and make transactions in a foreign currency, so I thought travellers cheques ~ But they are hardly used anymore!

Obviously I will withdraw some NZD's in the UK before I depart.

I therefore have 2 questions:

1) What is a suitable sum of NZD's to get in the UK (Excluding cash for accomidation)?
2) What is the best way to pay for things once I am in NZ and looking for work. Credit card, debit card, travellers cheques or another way?

Thanks, Gizzy.
No problems opening a BNZ a/c online, before you arrive with no NZ address, transfer £££'s using a FE service such as HIfx or Moneycorp, once you've arrived keep pre-arranged appointment with BNZ (they email you a/c details and to arrange appt.) to activate your account, collect EFTPOS card ....easy peasy but I admit a bit daunting when your in the UK and unfamiliar with NZ Banking.
HTH
B x
MnB is offline  
Old Apr 26th 2010, 7:21 am
  #6  
BE Forum Addict
 
Joined: Feb 2005
Location: Back in NZ & loving it - living in Orewa
Posts: 1,183
lapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond reputelapsed kiwi has a reputation beyond repute
Default Re: New Zealand Dollars Question

Concur with all above, but also using a UK credit card here is a relatively good way of transferring smallish amounts of UKP. There is a charge, but the exchange rate is usually OK.
lapsed kiwi is offline  
Old Apr 26th 2010, 8:20 am
  #7  
If u see Sid, tell 'im...
 
sirplug's Avatar
 
Joined: Apr 2007
Location: Ex of Hucknall and Mansfield, Notts and now in Manly, Whangaparaoa, just North of Auckland!
Posts: 973
sirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond reputesirplug has a reputation beyond repute
Default Re: New Zealand Dollars Question

For ABS, substitute it as ASB....If you want to open an account on line, from the UK, you can. We did it, no problems, all you have to do is register on line and then make a phone call to confirm. Simple!

Family, eh??
sirplug is offline  
Old Apr 26th 2010, 9:10 am
  #8  
Forum Regular
 
Joined: Jan 2009
Location: New Zealand
Posts: 280
thedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of lightthedtb is a glorious beacon of light
Default Re: New Zealand Dollars Question

We opened an account with Kiwibank (http://www.kiwibank.co.nz) prior to leaving the UK using a Private Box (http://www.privatebox.co.nz/) street address our residence... we collected all of our bank details (including Eftpos cards) from a Wellington branch of Kiwibank upon arrival after presenting our ID (passports etc) and our welcome letter from Kiwibank (which was emailed to us). Our VISA Debit cards were posted to us within (I think) approximately two weeks after our visit to the branch.

Just as we left the UK (well... just before we left for the airport) we instructed Currencies Direct (http://www.currenciesdirect.com/) to transfer a lump sum to our Kiwibank account and it was sat in the account waiting for us when we walked in to the Kiwibank branch in Wellington. Although I haven't used an alternative currency broker I have absolutely no complaints about Currencies Direct or my contact there and would highly recommend them - if you want me to send you his contact details, just ask.

I continue to use CurrenciesDirect to make repeated (although smaller than the initial sum) but infrequent transfers to NZ, and in my experience it's much better to get the funds here through a broker (than a bank or credit card) - that is to say that I get a better exchange rate this way, but it does depend on the sums involved.
thedtb is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.