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wire transfer or take money with me?

wire transfer or take money with me?

Old Jul 27th 2011, 5:50 am
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Question wire transfer or take money with me?

Hi Guys,

i have opened an account with National bank of new Zealand, i am wondering what is the best way to bring my money to NZ, take it with me OR wire transfer from my bank to BNZ?
i think the currency change rate will differ, money transfer better than cash.
the amount of money is 2000 US$

Thanks
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Old Jul 27th 2011, 5:54 am
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Default Re: wire transfer or take money with me?

Try this: www.tranzfers.com

There are others.

A.
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Old Jul 27th 2011, 6:52 am
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Default Re: wire transfer or take money with me?

I read that as

'wife transfer or take the money'
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Old Jul 27th 2011, 7:27 am
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Default Re: wire transfer or take money with me?

Originally Posted by BEVS View Post
I read that as

'wife transfer or take the money'
looooooooooool, very nice BEVS, it could be a nice title for a movie.
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Old Jul 27th 2011, 7:33 am
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Default Re: wire transfer or take money with me?

Originally Posted by BEVS View Post
I read that as

'wife transfer or take the money'
Got a new fridge for the wife last night. Quite a good swap I thought.

To the OP, if you need further help, don't be put off by these irrelevant interjections; ask away!
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Old Jul 27th 2011, 9:48 am
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Default Re: wire transfer or take money with me?

Originally Posted by alistairboyle View Post
Got a new fridge for the wife last night. Quite a good swap I thought.

To the OP, if you need further help, don't be put off by these irrelevant interjections; ask away!
+1
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Old Jul 27th 2011, 10:36 am
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Default Re: wire transfer or take money with me?

Originally Posted by kimoloop View Post
Hi Guys,

i have opened an account with National bank of new Zealand, i am wondering what is the best way to bring my money to NZ, take it with me OR wire transfer from my bank to BNZ?
i think the currency change rate will differ, money transfer better than cash.
the amount of money is 2000 US$

Thanks
I'm trying to decide with the exchange rate so poor, if best to leave money in UK bank in hopes it will go back to the $2 mark or just cut loses incase gets worse. 1.87 today....
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Old Jul 27th 2011, 11:02 am
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Default Re: wire transfer or take money with me?

Originally Posted by Rachelb82 View Post
I'm trying to decide with the exchange rate so poor, if best to leave money in UK bank in hopes it will go back to the $2 mark or just cut loses incase gets worse. 1.87 today....
Thanks Rachel, the NZ$ is increasing like crazy, i think its because of the hi demand on the currency for the world cup. but i have to do the transfer any way. i have founded that changing currency for transferred money will be better in rate then cache so i think i have no choose but still i need to take some NZ$ with me for the transportation and stuff.
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Old Jul 27th 2011, 7:01 pm
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Default Re: wire transfer or take money with me?

Originally Posted by Rachelb82 View Post
I'm trying to decide with the exchange rate so poor, if best to leave money in UK bank in hopes it will go back to the $2 mark or just cut loses incase gets worse. 1.87 today....
I'm wondering the same and was talking to Halo Finance yesterday evening (other FX companies are available) and Michael Hart from that company talked me through the various ways of buying currency and their predictions for the future, it all made good sense and was helpful. I'd recommend contacting a couple of FX companies and getting their opinions on the best course of action.
I found Halo from previous threads on here.
John.
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Old Jul 27th 2011, 7:35 pm
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Default Re: wire transfer or take money with me?

Originally Posted by johnht View Post
I'm wondering the same and was talking to Halo Finance yesterday evening (other FX companies are available) and Michael Hart from that company talked me through the various ways of buying currency and their predictions for the future, it all made good sense and was helpful. I'd recommend contacting a couple of FX companies and getting their opinions on the best course of action.
I found Halo from previous threads on here.
John.

Thanks John.
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Old Jul 27th 2011, 8:03 pm
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Default Re: wire transfer or take money with me?

Originally Posted by kimoloop View Post
the NZ$ is increasing like crazy, i think its because of the hi demand on the currency for the world cup.
Nope (that is miniscule in the scheme of things), it is more to do with the economic woes in other countries that NZ is perceived to be safer from. Consequently the demand to buy NZ is defined by that so don't expect a short-term post-RWC effect.
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Old Jul 27th 2011, 8:49 pm
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Default Re: wire transfer or take money with me?

Originally Posted by simonsi View Post
Nope (that is miniscule in the scheme of things), it is more to do with the economic woes in other countries that NZ is perceived to be safer from. Consequently the demand to buy NZ is defined by that so don't expect a short-term post-RWC effect.
+1, Excellent news, for long term.
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Old Jul 27th 2011, 10:27 pm
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Default Re: wire transfer or take money with me?

Originally Posted by Rachelb82 View Post
I'm trying to decide with the exchange rate so poor, if best to leave money in UK bank in hopes it will go back to the $2 mark or just cut loses incase gets worse. 1.87 today....
Personally, I don't think it will improve any time soon.

Have a read of this from BNZ

Maybe think to bring the GBP over and then invest in a term deposit where it will earn.
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Old Jul 27th 2011, 10:45 pm
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Default Re: wire transfer or take money with me?

Originally Posted by kimoloop View Post
Hi Guys,

i have opened an account with National bank of new Zealand, i am wondering what is the best way to bring my money to NZ, take it with me OR wire transfer from my bank to BNZ?
i think the currency change rate will differ, money transfer better than cash.
the amount of money is 2000 US$

Thanks
If you will be here in NZ try NZForex. Very easy to use & can be done online.

If not in NZ ,contact them anyway to see which office you would go through ( money laundering rules)
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Old Jul 27th 2011, 10:57 pm
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Default Re: wire transfer or take money with me?

Originally Posted by BEVS View Post
If you will be here in NZ try NZForex. Very easy to use & can be done online.

If not in NZ ,contact them anyway to see which office you would go through ( money laundering rules)
Thanks Bevs, i am transferring money from Egypt, i have talked with the bank NBNZ and they told me that the transfer fees will be 15 NZ$ + 20 US$ my bank in Egypt will take as fees.
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