[Debbie]

Does anyone have any tips on the best way to do small money transfers from UK to NZ.

My parents are coming over for 5 weeks and I was wondering what others have found most cost effective for transfering money over, (or has it been best to use your UK credit card and have minimal cash?)

We only did large scale transfers when we came over so I have no experience of this.

Debbie

[shakyle2906]

Does anyone have any tips on the best way to do small money transfers from UK to NZ.

My parents are coming over for 5 weeks and I was wondering what others have found most cost effective for transfering money over, (or has it been best to use your UK credit card and have minimal cash?)

We only did large scale transfers when we came over so I have no experience of this.

Debbie


Debbie

Dont know whether any use to you, but had quote from our building society back in UK to tarnsfer monies over to our new NZ account and they were going to charge us £35, regardless of the amount.
Yesterday, i transferred monies over from our Halifax account, they charged £17.50 and its in already. No charge from NZ bank either, which Halifax sdaid they may be.
Hope this helps

Sharon

[jubjub]

They could use their credit card for most things, although sometimes they dont work for some reason... dunno why, totally random.

Other idea is for them to check how much their bank charges for foreign cash withdrawals with their own cashpoint cards? They can then get cash whenever they want. If they are with Nationwide, its free, and you get the exchange rate as it is on the day. Other banks charge, and dont give you the best exchange rate.

[katandbob]

or go open a Nationwide account - we have one and our relatives stick cash in it and we can draw on it/pay with our switch card/visa card and we get no charges either end

All we did was tell them to expect a lot of NZ/asia transactions as we were heading out here for a few years.

the other thing you can do is use Western Union
http://www.emigratenz.org/forum/showthread.php?t=6217&highlight=western+union
http://www.westernunion.com/
this is probably the easiest and cheapest of the one off transactions, but you could also look at Tranzfers - which is mentioned also in the above thread

cheers

Kat