Forum Home
Press F1
 
Thread ID: 45028 2004-05-06 23:54:00 OT: Cheapest method of remitting funds overseas? Billy T (70) Press F1
Post ID Timestamp Content User
234851 2004-05-07 09:27:00 I tried to reply earlier but although PF1 allowed me to read your post it wouldn't let me log on to reply to it.

My wife had a similar query to yours earlier this week and was told "on the side" by a bank officer (with a UK accent) that the cheapest way to do this sort of transaction is by sending a personal cheque. Such cheques sent from UK to NZ require a waiting period of 21 working days to be cleared so I would imagine that it might take a bit longer the other way round. As you might guess, this was not official bank policy. There is a transaction fee but I have no idea what it might be for a British bank. If you could find out the name of the firm's bank you could probably e-mail them and find out the charge. The exchange rate used would be the one applying the day the cheque was presented so you would have no control over that.

HTH
Robin S_ (86)
234852 2004-05-07 21:40:00 I suggest you hold off purchasing sterling for a little while there's a blip at the moment because the UK has raised interest rates and this means the pound is v strong against the NZ dollar.

Whilst there's obviously no certainty my experience suggests it will ease back again or put another way the nz dollar will start to regain against the pound
bonzo29 (2348)
234853 2004-05-07 22:49:00 Thanks Bonzo.

There is a 3-5 week waiting time from order until despatch to customise the instrument for NZ orchestral practises so I can defer remittance for a couple of weeks while I watch the exchange rates without compromising our order.

Cheers

Billy 8-{)
[pre][b]Nobody told me that giving two children recorder
lessons at primary school age would mean that
ten years later we would still be driving the same
old bombs but have the equivalent of two new cars
invested in several musical instruments, and have
contributed significantly to the retirement funds
of a succession of music teachers.:(
Worth every cent though.:)
Billy T (70)
234854 2004-05-08 00:48:00 OK I'll ask the question that must be on everybodies lips but we are all too polite to ask - what is the instrument? tbacon_nz (865)
234855 2004-05-08 02:43:00 They must play the wrong music. With Gerard Hoffnung they could play the vacuum cleaner, or garden hose. Graham L (2)
234856 2004-05-08 02:45:00 My guess is its a violin.... metla (154)
234857 2004-05-08 03:19:00 Nope, it's an oboe metla.:D

The other expenses were for a piano & various saxophones.

Like I said, plastic recorders were a bargain with a sting in the tail.

Cheers

Billy 8-{)
Billy T (70)
1 2