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Transferring money to NZ bank account with EBS

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  • 23-03-2015 10:46pm
    #1
    CapriSunFun
    Registered Users Posts: 145 ✭✭


    Hello,

    I am moving to New Zealand soon and have set up a bank account with Bank of New Zealand. I have my swift code, account number, sort code etc. In the welcome letter it says to transfer money into my new account by telegraphic transfer. I went into EBS today to try do this, and was met with a puzzled face cashier, who told me they can't do it and I have to do it online. I have online banking with EBS but when I tried to transfer money by setting up a new beneficiary it says invalid details were entered?
    I was wondering if someone could help me here as I got no help in the EBS at all today!

    Thanks in advance


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    #2
    Browney7
    Registered Users Posts: 3,100 ✭✭✭Browney7


    CapriSunFun wrote: »
    Hello,

    I am moving to New Zealand soon and have set up a bank account with Bank of New Zealand. I have my swift code, account number, sort code etc. In the welcome letter it says to transfer money into my new account by telegraphic transfer. I went into EBS today to try do this, and was met with a puzzled face cashier, who told me they can't do it and I have to do it online. I have online banking with EBS but when I tried to transfer money by setting up a new beneficiary it says invalid details were entered?
    I was wondering if someone could help me here as I got no help in the EBS at all today!

    Thanks in advance

    Use currency fair. You'll save a fair bit of cash


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    #3
    CapriSunFun
    Registered Users Posts: 145 ✭✭CapriSunFun


    Browney7 wrote: »
    Use currency fair. You'll save a fair bit of cash

    Hmm I've never heard of that before. I went onto the website but I'm not sure..

    Would it be just as easy to transfer money to my boyfriend's AIB account and then have him transfer that money to my BNZ account?

    I'm still not sure if I can actually transfer money from my EBS account to an overseas account..


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    #4
    dobsdave
    Closed Accounts Posts: 1,814 ✭✭✭dobsdave


    CapriSunFun wrote: »
    Hmm I've never heard of that before. I went onto the website but I'm not sure..

    What are you not sure about?


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    #5
    Mrs OBumble
    Registered Users Posts: 25,941 ✭✭✭✭Mrs OBumble


    CapriSunFun wrote: »
    Hmm I've never heard of that before. I went onto the website but I'm not sure..

    Would it be just as easy to transfer money to my boyfriend's AIB account and then have him transfer that money to my BNZ account?

    I'm still not sure if I can actually transfer money from my EBS account to an overseas account..

    if you are really rich and don't mind paying the bank rates, then by all means go the EBS / AIB route. (Oh - and provided you totally trust your boyfriend.)

    But if it's a decent amount you are transferring and you don't want to waste money, then stop wasting time thinking about bank transfers and spend some time googling Currency Fair. (I understand your skepticism - but these services have made a huge difference to the price of moving currency around, and have now proven themselves to a great extent.)


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    #6
    CapriSunFun
    Registered Users Posts: 145 ✭✭CapriSunFun


    dobsdave wrote: »
    What are you not sure about?

    I have never heard of those websites before and no one has ever mentioned them to me before. That's why I wasn't sure but after researching them I realise they are the best route to take.
    And yes I completely trust my boyfriend, I'm going over to New Zealand with him!

    Thanks for the advice about currency fair, I will definitely go that route.


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    #7
    skippy2
    Registered Users Posts: 393 ✭✭skippy2


    +1 on Currency Fair. They are very efficient and save loads of money on fees. I use them regularly every month and save buckets on exchange rates. Never use a bank for transferring money if you can avoid it. CF are also very helpful on the phone if you need to ring them.
    Enjoy NZ and the money you save is better in your pocket. Best of luck


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