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Forum: New Zealand

Apr 27th 2019, 3:48 pm

Replies: 18

Transferring money from UK bank to NZ? Advice needed!

Views: 10,680

Posted By Pulaski

Re: Transferring money from UK bank to NZ? Advice needed!

You're welcome. :)

Forum: New Zealand

Apr 27th 2019, 3:09 pm

Replies: 18

Transferring money from UK bank to NZ? Advice needed!

Views: 10,680

Posted By Pulaski

Re: Transferring money from UK bank to NZ? Advice needed!

The "dealing desk rate" is the best rate you can get for lare transfers.

Foreign exchange is not like buying a giant pack of toilet paper, where you get 10% extra free. With foreign exchange the...

Forum: New Zealand

Apr 26th 2019, 11:44 pm

Replies: 18

Transferring money from UK bank to NZ? Advice needed!

Views: 10,680

Posted By Pulaski

Re: Transferring money from UK bank to NZ? Advice needed!

Go to your bank and ask for a "dealing desk rate" - your bank will be used to moving £millions for businesses, and the dealing desk rate is what businesses get for large exchanges.

The wire fee...

Forum: New Zealand

Aug 27th 2017, 12:03 pm

Replies: 18

Transferring money from UK bank to NZ? Advice needed!

Views: 10,680

Posted By Pulaski

Re: Transferring money from UK bank to NZ? Advice needed!

As you can go on-line to make a transfer, and you need to give them a destination account what you should do is, in this order:

(i) register with TransferWise, do that now

(ii) move to NZ
...

Forum: New Zealand

Aug 27th 2017, 4:51 am

Replies: 18

Transferring money from UK bank to NZ? Advice needed!

Views: 10,680

Posted By Pulaski

Re: Transferring money from UK bank to NZ? Advice needed!

Not only will a bank charge a wire fee to send a wire, the receiving bank will also likely charge another fee (usually somewhere around half the sending fee).

Worse still, sending £5,000 is only...

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