Wessa

Hello All,

So, when i have a job in NZ and my wages are getting paid into the local bank, How do i transfer it to my uk account for the otherhalf in the uk?.

Any idea of what would the costs would be?

Or is there a better way to do this?

Thanks for your time as usuall.

Regards, Gary.

Wessa

It's ok all,

Far simpler than i thought..

Just been onto ASB bank in timaru, and im suprised to hear i can transfer it online for $25.

Any amount for $25, thats good eh..

Just expected it to be a bit more complicated than that..

Went on ASB after reccomendations from a few of you on here and ther's one in Timaru.

Thanks

And please do tell me if im asking silly questions.... :-)
Regards, Gary.

Jo-Chris

You could also look at comapnies such as HiFX who specialise in foreign transfers and may get you a better rate/deal

BEVS

and also NZForex where you can do it all on-line virtually. Just specify where you want the money to go .

chc4me

You really should shop around, most of the currency traders DON'T charge a fee. Seriously, don't use the banks, $25 might be ok for a one off charge but after a few transfers it really adds up. Hifx, as suggested above, are good.
Here's two more to check.
http://www.internationalmoneytransfers.com.au/
http://velocitytrade.co.nz/ (minimum of $4,000. No fee)

Markk

I use XETrade, they are good. Don't use banks, you will get a MUCH better rate from one of the currency dealing houses.

BEVS

Right-o Wessa.

You need to start using forex companies.

Wessa

Bevs, yeah, looks like thats the way to go..

Thanks all for the info and links, always a helpfull bunch

Gary.

rick78

this is something I need to look into when we transfer funds over before heading out... we've decided to go with kiwibank and will transfer funds probably using hifx... but will also look at your suggestion bevs.

all fun fun fun... good luck wessa and let us know who you use/experiences

tonz76

Hi all just wondering if anyone has used Halo Financial to transfer funds to NZ. They were recommended to me by Pickfords. They rang me to set up with them and the agent was very helpful and took time to explain it all even if it all didnt sink in, you know what its like when your on the phone I have looked at two others moneycorp and HiFX just not contacted them. Any info appreciated

4pommes

There's always Paypal....you could set up your NZ account and then transfer to UK account. Don't know what the charges might be each transaction though...

bevissa65

Hi there, we used Halo and still are. Found them to have pretty good rates and don't charge huge fees. Easy once your account is open. Bevissa

Angelaoliver

Hey, I use www.currencyonline.co.uk they charge £7 per transfer

Persephone

I've also used Halo. They did their job, got my money over here at a good exchange rate [ah those happy days when it was 2.85!!!] and were very helpful as well. They don't charge fees for this, they make their money on the actual exchange.
The only fee I had to pay was in NZ, my bank charges for an international deposit
You can set up a limit order if you are willing to wait for your money, it means that they automatically buy NZ$ for you when the exchange rate hits a predetermined level. You then pay them in pounds.
Halo also send out a weekly currency bulletin via email if you are registered with them.

KayC

Hi, we used Halo, they charged £15 per transaction - they were very helpful and it was all straight forward - you did need to speak to them on the phone rather than doing it online though, something to do with recording the conversation as a contract. They seemed to give us pretty good exchange rates too I'd use them again when we need to move more money