We’re currently selling our house and will have a fairly large amount of money to take to NZ with us, but I’m not sure about how to go about getting it there, so hopefully one of you helpful souls can explain things in layman’s terms…
I see that a lot of people recommend ASB. It seems that you open an account in London, they open one in NZ on your behalf, then you pay money into your UK ASB account, tell them when to transfer it (i.e. when you’re happy with the exchange rate) and they then move it to your NZ ASB account, which may take a couple of days… I take it it’s then just a case of transferring it to our personal accounts at whichever bank we choose to bank with?
Other people have recommended EX, which seems to offer a similar thing – you pay them money in the UK, tell them when to exchange, you get your money in NZ. But what is the process of getting your NZ$ into your personal bank account? Do they transfer it direct to your account?
What are the differences between the two methods? Any drawbacks to either one?
Thanks,
Will