Results 1 to 2 of 2

Thread: Bank account transfers

  1. #1
    Carts1976 is offline Junior Member
    Join Date
    Jan 2010
    Posts
    10

    Default Bank account transfers

    Does anyone know if I can you open a bank account in NZ and have some of the money transfered in british pounds to my UK bank account? as I have a UK loan that will not be paid when I hope to arrive. I have an account with HSBC but see from the website you have to have $10K in there??

    Are there any charges with moving currency around?

    Thank you

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Default

    Quote Originally Posted by Carts1976 View Post
    Are there any charges with moving currency around?
    Yes, I'm afraid so unless you apply for a Premier account with HSBC which allows cost-free transfers, but that involves tying up $NZ100k as security. You can dip into the 100k from time to time but the money has to be replaced with 6 months.

    You could open a NZ bank account and transfer money back to the UK, but it will cost you each time, of course . With HSBC you can open multi-currency accounts so you could have a GBP account as well as a NZ$ account in NZ, as long as you have enough money to fund them both. With tranferring from one currency to another, you would be prey to fluctuating exchange rates. It might be an idea to wander into your local HSBC and speak to them about opening an account in NZ and ask them whether you need to pay the $10k bond. Maybe this is only if you don't already hold an HSBC account?
    Mother Bear

    Try to bloom wherever you are planted.

Similar Threads

  1. Opening a bank account
    By jonb_5 in forum Finances
    Replies: 3
    Last Post: 08-02-2010, 07:20 PM
  2. Money in your Bank Account
    By hammed123 in forum Invitation to Apply (ITA) Chat
    Replies: 7
    Last Post: 25-08-2009, 06:25 AM
  3. Anyone in NZ tried to open a UK bank account?
    By kokopeli in forum General NZ Chat
    Replies: 1
    Last Post: 02-12-2008, 07:35 AM
  4. Bank account necessities
    By reiner in forum General NZ Chat
    Replies: 4
    Last Post: 12-09-2008, 07:16 PM
  5. Do you need a NZ bank Account?
    By LilAmy in forum General NZ Chat
    Replies: 4
    Last Post: 07-06-2006, 10:58 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46