[Moorf]

We spent half an hour on the phone to Barclays yesterday trying to get our funds transferred over to our new NZ Bank account... they won't do it unless we WRITE to them... unreal, in this day and age you'd think that, with our online banking etc etc, there would be an easier way :no

Unless we are missing something?? Loophole? Anyone?

[veronica]

one other thing you could have done was get someone you totally trust and give them power of attorney. this has to be sorted before you leave though so its no help to you and warren but may help someone else

[karltsmith]

Have you tried opening a sterling facility at your NZ bank, writing a Sterling cheque for your bank to cash and paying for a special clearance on the funds????

Alternatively, go to a Forex broker, set up a dealing account and write them a UK cheque! HIFX (Halewood) have offices in London and Auckland!

Karl :nice1

[jo b]

We spent half an hour on the phone to Barclays yesterday trying to get our funds transferred over to our new NZ Bank account... they won't do it unless we WRITE to them... unreal, in this day and age you'd think that, with our online banking etc etc, there would be an easier way :no

Unless we are missing something?? Loophole? Anyone?

Can you not fax them a letter to confirm???

Jo

[Moorf]

Jo b - good point! Doh!

They might take a fax - not sure if that would be okay as not an "original" signature.... worth a try!! :nice1

[jesselyn]

it has to be the original especially if it concerns a big amount...

jes :angel

[jo b]

Moorf,

I'd still ask the question about the fax though, you never know :hopeso

Jo

[Moorf]

Jo b -our bank in the UK (Barclays) won't accept a fax :no must be an original signed letter via post. :roll:

[veronica]

I said it before but if there is someone you can trust totally in the UK give them power of attorney and they can send it out. We gave our youngest daughter power of att. over the bank accounts and the selling of the house, she just sorts it for us.

[renrob]

it is a bank procedure/policy to get the original letter signed by the account holder, sometimes they even ask for a passport copy or drivers license. if you know somebody personally in the bank then it will do work. The bank are just trying to protect your money especially fraud are rampant nowadays. better send the original signed letter to the person who’s handling your account or the bank branch manager.

[Wannaway]

We gave a POA to a relationship manager at our local branch of HSBC in the UK. She can now carry out most transactions for us on receipt of a signed fax from us, wherever in the world we are. Worth speaking to your bank on logistics before leaving the UK. Big banks take a lot of stick these days (most of it justified I have to say), but I have found HSBC to be very good on personal banking.

[Jo and Andy]

ALWAYS ALWAYS DO THINGS IN WRITING TO BANKS / OR IN PERSON, (OBVIOUSLY NOT POSSIBLE IF IN NZ).

With people steeling identities in the UK, if they get hold of your details they can change your address, take money out and leave you with nothing, all over the phone or internet.

I think that the Power of Attornery is the the best way for everyone heading out there to go, If you have someone you can trust.

But for all banking Please only change address details in Person on in writing, and Inform your Bank In writing, not to accept telephone / internet changes without prior notification by letter.

There was a thing on the radio the other day, that banks are not making the same checks on people coming to work for them and criminals are being employed you steel the files with your passwords in them to sell.

BEWARE.

I am glad you bank is being safe, even if it is causing you a bit of bother Moorf.

[leslie]

we had the same in oz. we dumped some money into an oz account in prep for going there and have since discovered we have to write or use the bank machine to access it - even online banking is limited for off-shorees. not as easy as you'd think

[richard]

I have just this second got off the phone to Intelligent Finance in the UK. It just took a couple of minutes to initiate a transfer to our Migrant Banking feeder account in the UK so should arrive in our ASB account here in NZ in 2-3 days.

I don't have a problem doing things by phone, they ask loads of security questions to confirm your identity some of which even I was struggling to answer :oops:

I would have done the whole thing on line but there seems to be a £10k limit with on line transactions.

One of the benefits of an Internet bank :clap

[UktoKiwi]

The sort of thing you can do (and I have done before) is give your bank a letter before you leave UK or just in the mail informing them that you will be requiring a transfer or transfers up to a certain amount and that this letter is authority to do so on your behalf.
I have done this informing them that when I want the transfer/s to take place I will both fax them a copy of my instructions and email to them from a certain email address. Although signed by me I have an extra part on the letter only to be signed by me again when I fax etc..
You may enter it has to go to such and such an account if you know it or other conditions that protect you and give confidence to the bank.
You can do a variation on this theme but I am sure you get the drift.
The main things to be covered are:-
A) You get what you want to take place when you want.
B) That your funds will be safe.
C) That the bank accepts the instructions for future use.