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BDFL - Memuneh
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  # 2318355 16-Sep-2019 08:30
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Yes, the account allows deposit but I was talking about withdraw to a NZ account - the other way around.




dan

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  # 2318357 16-Sep-2019 08:35
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freitasm: Yes, the account allows deposit but I was talking about withdraw to a NZ account - the other way around.

 

you can do this, the costs is about 1.60$ to transfer from your NZD Transferwise to a NZ Bank Account


 
 
 
 


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  # 2318362 16-Sep-2019 08:54
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Is there any risk in using Transferwise? i.e. losing your money??





Amanon

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  # 2318388 16-Sep-2019 10:05
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I also asked a similar question but got no answer so I guess we don't know?

Ok guys I got to ask about something i feel a little uneasy about with this, and that is having to give these people your complete identification to sign up ( I understand that they need to know who they are dealing with, just like a bank) as we don't really know who the company really is or the people that are handling our personal details, I read the marketing blurb, but really no difference than Google or Facebook with all the assurances they gave, and we've seen time and time again that our personal information in simply not safe with these companies, so is everyone ok with giving all your details to TransferWise? Did you really have to send copys of both your license and passport to them?




tenkan

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  # 2318391 16-Sep-2019 10:13
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I have used transferwise to transfer funds to family and I know a number of people that have done the same.

 

They did required identification for my transfers, this is to curb money laundering. 

 

It is the same with the debit card


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  # 2318399 16-Sep-2019 10:22
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I have been using transferwise since they made borderless accounts available to NZ in December 2018.

 

I use it for regular transfers from USD in Paypal to NZD and then withdrawing to my NZ bank account. I have complete more than 15 transfers of more than 2k and always found it to be fairly fast and very reliable.

 

Prior to TW boardless accounts I would Withdraw USD straight to NZ bank account, this was slower and paypal took more in fees. With TW I am saving $150+ per transfer.

 

 




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  # 2318407 16-Sep-2019 10:48
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TENKAN: ... i feel a little uneasy about with this, and that is having to give these people your complete identification to sign up ( I understand that they need to know who they are dealing with, just like a bank) as we don't really know who the company really is or the people that are handling our personal details, ... so is everyone ok with giving all your details to TransferWise? Did you really have to send copys of both your license and passport to them?

 

Disclosure: I am a banker. I have worked closely with TransferWise. I know many of their global operational people and their processes. I trust them as much as I trust my own organisation. 

 

I have personally signed up with them. I provided copies of ID. I am not worried. 





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  # 2320421 19-Sep-2019 14:54
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I set up my TransferWise account when we started travelling nearly 5 months ago, a month ago I received their notification that the debit card would now be available for us Kiwis, applied for that and it was waiting for me when I got home last week.

 

They make a lot of sense to use to me because I'm not penalised for having an empty currency account like a lot of the travel cards do. They also charge a lot less and I don't get silly "overseas transaction" thingies in my regular accounts.

 

One of the reasons I was interested in getting an accoutn with them was for when I start listing my books on Amazon- if you want to sell in a different region with Amazon you need to list it in that region's site, and also sort something for receiving payment from that region - no it is NOT all aggregated for their book/ebook sales. TransferWise gives me a great tool to receive in multiple currencies, change them all to NZD then pay into my regular NZ bank account. 

 

I have transferred funds from NZ bank into my NZD TransferWise account, then converted to Euros, spent Euros in Europe, then once we sold our vehicle converted to NZD then back into my NZ bank - less fees, easier and quicker than any of my previous financial finanglings 





<- don't ask me where I am - I haven't a clue: its a tech thing ;)
Housewife computerer: not particularly great at either. 
And don't take me too seriously. 


dan

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  # 2320459 19-Sep-2019 15:36
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i signed up both myself and then my wife on the same day  (i was first), and she got her card 9 days earlier than me. pretty odd but atleast it did come.


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