Story of some Brits living in New Zealand for the Southern Hemisphere Winter in 2004
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Tuesday, August 31, 2004

Transfer money to New Zealand - easily and cheaply

Just wanted to write this somewhere since it's such a good thing. If you ask a UK bank to send money to a NZ bank account you will be looking at around £70 charge for that. All avenues seemed expensive until I discovered who can transfer your money for you for just £7.

How it works:
1. sign up for an account with
2. set up a transfer with tranzfers, detail what bank you want the money to go in to, the amount, and where you want the money to come from
3. tranzfers send you a confirmation email telling you they are ready to go with the transfer but you must send them the money first
4. using a UK internet bank 'bill payment' (I use Smile), which is free, you transfer the funds to the tranzfers UK bank account.
5. money appears in NZ account a few days later

When i first tried this I was a little worried about the whole thing but it works really well - I've done it 3 times now. Tranzfers always keep you in the loop about what is going on with emails.

An extra neat feature you elect to use, if you transfer more than £5000, is to hold the money on suspense, and pick the day you want the transfer to go through - this allows you to wait until the exchange rate is optimal before shifting the cash.


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