Results 1 to 10 of 10

Thread: Transferring small amounts of money??

  1. #1
    nickydwuk's Avatar
    nickydwuk is offline God like figure
    Join Date
    May 2007
    Location
    Was Oxford nr Chch, NZ now UK
    Posts
    880
    Blog Entries
    13

    Default Transferring small amounts of money??

    We have booked our temporary accomodation in NZ and they want us to pay a weeks rent up front. What is the best way to do this? I could send them a cheque in GBP but it would depend on the exchange rate whether I sent enough, too much or too little. Or I could make a payemnt to their bank account. If I did this what is the best way to do it? Any ideas????
    Nursing Registration sent 5th August 2007
    Job Offer 25th September 2007
    Nursing Registration received 28th December 2007
    Submitted EOI 3rd January 2008 with 150 points
    Selected 17th January 2008
    ITA Received 31st January 2008
    ITA submitted 25th April 2008
    Approved in Principle 3rd May 2008
    Blue Stickers arrived 13th May 2008
    Flights booked for 19th Sept to Christchurch

  2. #2
    ebianca's Avatar
    ebianca is offline Gingery, Peppery & Spicy
    Join Date
    Dec 2006
    Location
    WELLINGTON, New Zealand!!
    Posts
    1,019
    Blog Entries
    10

    Default

    Hey Nicky.

    Whhen we paid for ours we paid our deposit by Western Union (would depend if who you were paying has an account with them or not) which was fairly easy and cheap.
    We paid up the rest of the balance by bank transfer from our normal UK bank account into their bank account (you will need a swift code for this). Depends what bank you are with to how much they charge but think it is about ?25 and you can tell them how much in NZ$ you need to send.

    Beth
    Flights booked for 24th March 2008!
    Landed in Wellington 26th March 2008!!

    Job Offer Received 9th July 2008!

    Temp Work Permit application submitted 11th July 2008!
    Temp Work Permit approved 4th August 2008!

    EOI Submitted 11th July 2008!
    EOI Selected 16th July 2008!
    EOI 'Successful' 1st August 2008!
    ITA Received 8th August 2008!
    ITA Aplication accepted 26th September!

    APROVED in Principle 10th June 2009!!!!
    Residency Visa issued 7th July 2009!!!!!

  3. #3
    keeweegal's Avatar
    keeweegal is offline Kosher Kiwi
    Join Date
    Jun 2007
    Location
    Hamilton, Kiwiland
    Posts
    295
    Blog Entries
    1

    Default

    Nicky, I'm with Beth on this one. I've used my UK bank account to transfer funds to a US account & it worked fine. They charge more the quicker they send it, so if you send it in plenty of time, it doesn't cost as much

    Also, I'm pretty sure a NZ bank won't accept a UK cheque.

    Have a think about opening a NZ bank account from here, although I'm not sure you'd be able to transfer money from it until you're actually over there & have activated it, but it might be worth looking into. They can open them quickly from here. I'm looking at ASB (who have an office in London) and National Bank.

    KG
    Inside me is a skinny woman crying to get out but I can usually shut her up with cake!

  4. #4
    Taffy's Avatar
    Taffy is offline He who shall be ignored
    Join Date
    May 2004
    Location
    Hamilton, NZ
    Posts
    3,408
    Blog Entries
    5

    Default

    Quote Originally Posted by keeweegal View Post
    Also, I'm pretty sure a NZ bank won't accept a UK cheque.
    They will, and will work out the exchange rate when you pay it in, so no way of telling if you've sent enough. If it's over a certain amount ($5000 I think) it can take 30 days to clear though!

    Western Union is good but very insecure - there's no comeback if you get ripped off!

    So yeah, bank transfer is the safest option, but you get the worst rate of exchange plus around 25 quid fee for the pleasure.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  5. #5
    nickydwuk's Avatar
    nickydwuk is offline God like figure
    Join Date
    May 2007
    Location
    Was Oxford nr Chch, NZ now UK
    Posts
    880
    Blog Entries
    13

    Default

    I think bank transfer will be our only option for this. It is such a small amount ($490) We have a savings account with Westpac (nothing in it yet though) but I think if we tranfer small amounts to that bank it will cost us just as much as the large money tarnsfer companies (Hifx etc...) would charge a lot for such a small amount. I will find out on Monday when our banks open.
    Nursing Registration sent 5th August 2007
    Job Offer 25th September 2007
    Nursing Registration received 28th December 2007
    Submitted EOI 3rd January 2008 with 150 points
    Selected 17th January 2008
    ITA Received 31st January 2008
    ITA submitted 25th April 2008
    Approved in Principle 3rd May 2008
    Blue Stickers arrived 13th May 2008
    Flights booked for 19th Sept to Christchurch

  6. #6
    keeweegal's Avatar
    keeweegal is offline Kosher Kiwi
    Join Date
    Jun 2007
    Location
    Hamilton, Kiwiland
    Posts
    295
    Blog Entries
    1

    Default

    HiFX will negotiate. We transferred 5GBP with them & played a couple off against each other. (I realise this is a bigger amount than you're talking about but its still small stuff to them). Maybe worth a phone call to check them out? In this financial climate, you never know. I'd also try to negotiate with your bank - you've got nothing to lose!
    Last edited by keeweegal; 27-04-2008 at 01:54 AM. Reason: typo!
    Inside me is a skinny woman crying to get out but I can usually shut her up with cake!

  7. #7
    ebianca's Avatar
    ebianca is offline Gingery, Peppery & Spicy
    Join Date
    Dec 2006
    Location
    WELLINGTON, New Zealand!!
    Posts
    1,019
    Blog Entries
    10

    Default

    We set up an NZ bank account with Bank of NZ at one of the expos we went to. It was set up as a savings account that we could transfer money to before we got here although we didn't bother.
    When we got to NZ we just went to the local BNZ branch and they added a cheque account to the savings account and sent us our EFTPOS cards- no problems, really easy.
    Flights booked for 24th March 2008!
    Landed in Wellington 26th March 2008!!

    Job Offer Received 9th July 2008!

    Temp Work Permit application submitted 11th July 2008!
    Temp Work Permit approved 4th August 2008!

    EOI Submitted 11th July 2008!
    EOI Selected 16th July 2008!
    EOI 'Successful' 1st August 2008!
    ITA Received 8th August 2008!
    ITA Aplication accepted 26th September!

    APROVED in Principle 10th June 2009!!!!
    Residency Visa issued 7th July 2009!!!!!

  8. #8
    Ginabridget's Avatar
    Ginabridget is offline Senior Member
    Join Date
    Oct 2007
    Location
    Lancashire
    Posts
    101
    Blog Entries
    6

    Default

    When I've sent over little bits of money I've used a Bankers Draft in $NZ, although once I did get ripped off by the bank and was given tourist rates rather than bank rates for the exchange rate. I went to get one the other day and it was going to be about 18, hmmm, hold-on it may have been 18 for bankers draft and 25 for a telegraphic transfer....I could have that mixed up, I didn't do it in the end because I only wanted $100 so it wasn't worth it.

    I'm going to have to send over a deposit for our holiday let when we go, so let me know which way works out cheaper for you and I'll probably do the same.
    26 January 2008 - House under offer, we're getting closer
    Feb 08 - our sale has fallen through
    19 March 08 - accepted another offer on the house
    Booked tickets, will arrive in NZ 4 July 2008
    Currently enjoying the 'weather bomb' in Northland July 08
    Anticipating a move to Auckland in the next few weeks - November 08

  9. #9
    alan&moyra's Avatar
    alan&moyra is offline Senior Member
    Join Date
    Dec 2007
    Location
    Christchurch
    Posts
    121

    Default

    Hi Nicky,

    Can you not pay by CC ?
    EOI Submitted 10/04/2007
    EOI Selected 21/04/2007
    ITA Received 20/07/2007
    ITA Sent Lodged 31/08/2007
    Medicals booked 01/08/2007
    Flights booked 22/10/2007
    Visa granted 17/10/2007
    Arrived in NZ 27/10/2007



  10. #10
    nickydwuk's Avatar
    nickydwuk is offline God like figure
    Join Date
    May 2007
    Location
    Was Oxford nr Chch, NZ now UK
    Posts
    880
    Blog Entries
    13

    Default

    They don't accept credit cards - but I have got it sorted now. Someone from another forum (I know - traitor I hear you shout ) who lives in Chch has paid it for me and I have deposited the money in their UK bank account.
    Nursing Registration sent 5th August 2007
    Job Offer 25th September 2007
    Nursing Registration received 28th December 2007
    Submitted EOI 3rd January 2008 with 150 points
    Selected 17th January 2008
    ITA Received 31st January 2008
    ITA submitted 25th April 2008
    Approved in Principle 3rd May 2008
    Blue Stickers arrived 13th May 2008
    Flights booked for 19th Sept to Christchurch

Similar Threads

  1. Small World!!!
    By ebianca in forum The Coffee House
    Replies: 11
    Last Post: 17-10-2007, 02:00 PM
  2. From small beginnings....
    By MotherBear in forum The Coffee House
    Replies: 7
    Last Post: 23-05-2006, 03:18 PM
  3. Transferring $$CASH$$ to NZ
    By NickampJacky in forum Making The Move
    Replies: 13
    Last Post: 05-01-2006, 01:07 PM
  4. Small Business money requirement
    By Monika in forum General NZ Chat
    Replies: 2
    Last Post: 19-08-2005, 01:26 PM
  5. transferring money
    By joelle in forum General NZ Chat
    Replies: 1
    Last Post: 17-05-2005, 09:38 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