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| Thread ID: 81363 | 2007-07-25 08:18:00 | best way to bring savings to OZ | bizzack (7739) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 572629 | 2007-07-25 08:18:00 | Hi all. After a long stint here in Aotearoa it's time to head home to the land of Oz. While here I have managed to save around $20,000 which I want to use as a deposit on a home. I just have no idea how to get it back to Australia. I asked in the BNZ and the lady just went blank for no lie, like 3 mins before telling me she has no idea... Anyways, does anyone have any idea what would be the best way to transfer the cash to OZ? Should I just carry the cash? Convert it to AU$ before I leave or will I get a better deal in OZ? Does anyone know if I can deposit NZ$ straight into an OZ bank? Thanks heaps for your help all/1 :D | bizzack (7739) | ||
| 572630 | 2007-07-25 08:23:00 | You can't physically take more than about $750 cash out of the country. Probably what you need to do is to talk to a financial services person at your bank rather than just the bank teller (assuming that is who you were talking to) or talk to the international transactions dept or something. | winmacguy (3367) | ||
| 572631 | 2007-07-25 08:26:00 | Have a read here, movetoaustralia.net |
Safari (3993) | ||
| 572632 | 2007-07-25 09:01:00 | I carried 14 grand into aussie, There $750 rule can go to hell. Though the other night on that border patrol program they confiscated 30 grand off an asian guy. Tough call. Don't think I would risk it again, though its none of their freakin bizzo. I'd convert it into gold..... Or leave it in your bank,open a new account in aussie, then depoisit/transfer the lot. You can always access the NZ account while in Aussie via your cash card if you need to. |
Metla (12) | ||
| 572633 | 2007-07-25 09:12:00 | You can't physically take more than about $750 cash out of the country. Wrong www.customs.govt.nz "Any person carrying NZ$10,000 or more (or foreign equivalent) in cash on their person or in their baggage, into or out of New Zealand, must complete a Border Cash Report as part of entry or clearance procedures, under The Financial Transactions Reporting Act 1996. (The legislation does not prohibit the importation or exportation of cash sums of $NZ10,000 or more – it simply requires that these sums are reported.)" |
PaulD (232) | ||
| 572634 | 2007-07-25 09:16:00 | Damn, I took Winmacguys "fact" as being factual, I know better then that. Won't happen again. |
Metla (12) | ||
| 572635 | 2007-07-25 09:19:00 | There must be a 'sister' bank in oz for the bnz, just find it and access your account from there . Otherwise join onle of those aussie banks like westpac and use your account over there . Should be really easy . . . . Long ago when I went to england the National Bank here was part of Lloyds in England, went to Lloyds and got my money out . |
netchicken (4843) | ||
| 572636 | 2007-07-25 09:26:00 | Having travelled and bought freq overseas online. The FX rate does little if its FX rated in NZ or rated overseas (purchased / transacted converted abroad). To the USD for my experience its under 0.05 to the $1NZD. Yup, you cannot take heaps of cash abroad - its illegal. If you do like NZ's FX rate just take AU$ domination travelers cheques over then there are no FX rate to convert once you are there. To convert to AU dollar bills or AU travelers cheques its the same rate. One can just go to say ANZ or Westpac AU online and check their FX rates out ... and do the maths yourself. |
Nomad (952) | ||
| 572637 | 2007-07-25 09:34:00 | Yup, you cannot take heaps of cash abroad - its illegal. It just has to be reported (or are Customs wrong?). They just want to know who the dealers are so they can welcome them home :D |
PaulD (232) | ||
| 572638 | 2007-07-25 10:05:00 | You can see your friendly ASB Bank about arranging an Australian Bank Account with the Commonwealth Bank ( They own ASB Bank), I did it and it worked a treat received 4.5% interest paid monthly on the proceeds of selling my house. | KenESmith (6287) | ||
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