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Thread: which bank ?

  1. #1
    Join Date
    Nov 2008
    Posts
    78

    Default which bank ?

    I want to open my account and transfer money before i arrive NZ.Which bank is better to offer bank account opening facility before arrival of immigrant? and will the trnasfered or deposited amount will be taxable?

  2. #2
    Join Date
    Aug 2009
    Posts
    412

    Default

    The choice of Banks is yours, but the ANZ, Westpac, National, BNZ, Rabo, are all what you would call the 'bigger' banks. If you earn money by way of interest from your deposited amount, that will be taxed, otherwise transferring money doesn't incur any income tax.

  3. #3
    Join Date
    Dec 2008
    Location
    Christchurch
    Posts
    1,417

    Default

    For what it's worth, we opened a BNZ account from overseas without any permits/visas.

    It was easy--print out a form and emailed it back. The replied with account information. Then we transferred the money into the account.

    Simple. Took only a couple of days.

  4. #4
    Join Date
    Mar 2008
    Location
    Hitchin, UK to Torbay, NZ
    Posts
    127

    Default

    We did the same with Westpac, if you have a paperless internet account it is free.

  5. #5
    Join Date
    Sep 2008
    Location
    The Beautiful South
    Posts
    236

    Default Hassle-free Local Banking

    Setting up my account with BNZ (in NZ) last year was a smooth fuss-free process

    However, many others have told me that they hadn't experienced the same consistency this time round... I wonder why?

  6. #6
    Join Date
    May 2009
    Location
    Wellington
    Posts
    67

    Default

    We opened a National Bank account from UK with no problems.

  7. #7
    Join Date
    Apr 2009
    Location
    Waikato
    Posts
    1,785

    Default

    ASB were very easy indeed and also easy to open Australian account with. I can't fault their service either.

  8. #8
    Join Date
    May 2009
    Location
    Rotorua, Bay of Plenty
    Posts
    591

    Default

    Quote Originally Posted by GrumpyGoat View Post
    For what it's worth, we opened a BNZ account from overseas without any permits/visas.

    It was easy--print out a form and emailed it back. The replied with account information. Then we transferred the money into the account.

    Simple. Took only a couple of days.


    Ditto the above!

  9. #9
    Join Date
    Jan 2010
    Posts
    1

    Default

    Quote Originally Posted by Fern01 View Post
    The choice of Banks is yours, but the ANZ, Westpac, National, BNZ, Rabo, are all what you would call the 'bigger' banks. If you earn money by way of interest from your deposited amount, that will be taxed, otherwise transferring money doesn't incur any income tax.
    is interest on deposit taxed if you are not a NZ resident?

  10. #10
    Join Date
    Apr 2008
    Location
    at the bottom of the top bit
    Posts
    3,405

    Default

    yes, it depends on your departing country but for example you would pay 10% coming from the uk to the nz government.

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