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| Thread ID: 134369 | 2013-06-25 04:51:00 | Is it possible to do an on-line transfer to an Australian Bank? | Billy T (70) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1346904 | 2013-06-26 17:00:00 | I've used kiwi bank to do online transfers to uk for the previous ?4 years. Select the international transfers option online decide which of the two options prefer, enter details etc and go. No more difficult than interbank transfer in nz except takes a week or so. Once details in you can save them for next time. A. Transferring to Australia I would have thought would be easier / faster as most nz banks are owned by au. |
afe66 (13778) | ||
| 1346905 | 2013-06-27 03:27:00 | afe66 - two questions please? 1. what are the fees for an international transfer? And 2. who pays the exchange costs? - do you convert $NZ to Sterling when you are setting up the transfer. or does the transfer go as the $NZ you entered, and the exchange calculation happen in the destination country? With my EFTPOS system, I tell my daughter to take out $Aus(x) from her eftpos machine, and I then pay the extra amount here (ie if she takes out $Aus80 my account gets debited approx $NZ100). |
John H (8) | ||
| 1346906 | 2013-06-27 13:02:00 | From memory (I'm in uk at the moment but sent the cash here about two months ago) . . . There are two options but I use the one where I enter how much uk cash I want to actually arrive rather than the one where I enter a set amount of nz cash and various banks take a cut along the way . The fee is about $15-20 and there will also be a cut which is part of the currency exchange conversion . The larger the amount sent the better the currency exchange rate ie it was better when I send 20k than when I trialled 1k . You enter how much uk cash you want to send then kiwi bank would give you a currency conversion rate which is good for about 5 minutes or so during which you have to decide whether to take it up . All fees are paid at my nz end of things and after about a week the uk funds arrive in my uk bank . Does that help ? A . |
afe66 (13778) | ||
| 1346907 | 2013-06-27 21:50:00 | And if you're with ANZ watch out as they'll deduct $20 from the receivers end as well. This happened on both occasions I did an Intl. transfer, one last year to the US came up US$20 short for "fees", and a UK one a couple of years ago was 20 pounds short, and they failed to mention that on their website. The US receiver told me they rang their bank, and it was definitely my end that deducted the amount. | Renegade (16270) | ||
| 1346908 | 2013-06-27 23:39:00 | Thanks afe66, that answered my questions. I don't think I pay anything other than the normal eftpos fee, plus the loss via exchange rates when using my system. | John H (8) | ||
| 1346909 | 2013-06-28 00:23:00 | Lets see, I want to do some banking transactions,shall I ask Dan at kiwi bank, or should I come here, a tricky one. | Cicero (40) | ||
| 1346910 | 2013-06-28 01:10:00 | Live dangerously. | John H (8) | ||
| 1346911 | 2013-06-28 02:18:00 | Live dangerously. Quite right, there are those amongst us that fit the bill. |
Cicero (40) | ||
| 1346912 | 2013-06-28 04:03:00 | Seriously Cic, if I had gone into the bank and asked about my eftpos scheme, they wouldn't have told me, and we would have paid heaps of international transfer fees over the years. I worked out this little system on my own, and it has worked fine up until now. I talked to bank staff about it later, and they couldn't understand how I was allowed to do it. I guess I am a serial fee evader. My daughter subsequently married a bloke from Leicester, and that worried me a bit... What would happen if he got his hands on the card? Can you trust blokes from Leicester? |
John H (8) | ||
| 1346913 | 2013-06-28 05:45:00 | Sounds a cunning stunt J. I would avoid Leicester people, suggest she go to Derbyshire and live happily forever after. |
Cicero (40) | ||
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