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10th July 2015, 04:40 PM
#1
Transferring money from SG to AKL
Hi All,
Anyone has transferred money from Singapore to Auckland? Can we open an account in any of the NZ banks prior to going and transfer from here? Or is there any other ways to transfer money?
Thanks all in advance!
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10th July 2015, 05:04 PM
#2
I am sure you can open bank accounts from here but you need to be @ NZ physically to activate it by providing address proof etc. You can check out ANZ/Westpac websites for more information.
Well if you are not planning to relocate immediately, then you could probably look at opening a DBS Multi Currency Auto Saver account which has options to save in 12 foreign currencies including NZD. You can either withdraw in NZD @ any DBS branch or remit as NZD to NZ bank accounts and save on forex charges.
But if you are planning to do it in one shot then i would suggest to wait for our members who had done it earlier.
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10th July 2015, 07:04 PM
#3
Thanks for the suggestion on DBS Multi Currency auto saver account!
I have checked that you are allowed to open an ASB account from SG if you are moving to NZ within 6 months. For ANZ, I don't think they have such restrictions.
Now is a good time to convert SG to NZD.
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10th July 2015, 07:15 PM
#4
Thanks for the replies nms.sun3 and darzren.
We are planning to relocate in a month or two and want to transfer the money in one shot.
So regarding opening an account with ASB/ANZ, we have to open online or we can go to a branch here in SG and create an account?
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10th July 2015, 07:28 PM
#5
With ANZ you can open it online. Someone from the migrant banking team will get back to you on the procedures. Check this link for more information.
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10th July 2015, 07:49 PM
#6
That is perfect! Will check that out. Thanks
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14th July 2015, 10:33 AM
#7
Hi Sala,
You can take a look on https://www.pay2home.com/. They charge only $20 regardless on the amount with competitive rate. If you need to transfer anything more than $15,000, give them a call/email, they will initial the invoice/instruction to do the transfer. Amount less than $15,000, you can do it online. I used them to transferred several times and they are very reliable. Usually fund received within 2-3 working days provided you made the payment with FAST or using DBS to transfer (since they are using DBS bank). Hope this help.
Regards,
Zach
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14th July 2015, 09:27 PM
#8
Hi Zach,
Thanks for the information
We don't have a NZ bank account yet to do the transfer. We are waiting for passports to be returned with visas Once we received, we will open an account(with ANZ most probably) and then may use pay2home to transfer the money.
Cheers,
Sala
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16th July 2015, 04:32 PM
#9
Hey
I've managed to open an ANZ account in Singapore just before I got here. Look up ANZ's website on their migrant banking facilities you should be able to find more information there. I think as long as u have a residential / working visa the process should be pretty straightforward.
For transferring of money, I found out that DBS's rates and admin costs are the best amongst the rest, and if you're doing a huge transfer, a few cents difference might result in something substantial, so it's best to look around!
Hope this helps!
kengarulz
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16th July 2015, 09:31 PM
#10
Thanks
kengarulz
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