Cheapest Way to Pay a US Company 5K

Forums › Off topic › Cheapest Way to Pay a US Company 5K

1 | 2 | 3

20858 posts

Uber Geek
+1 received by user: 5350

Trusted

Lifetime subscriber

#941140 26-Nov-2013 16:16

The company I used, on recommendation from here, was www.currencyonline.com

I can recommend them, their support, and their service. Takes 2-4 days from memory.

networkn

Networkn
32863 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#941153 26-Nov-2013 16:21

timmmay: The company I used, on recommendation from here, was www.currencyonline.com

I can recommend them, their support, and their service. Takes 2-4 days from memory.

That looks good. I also remembered I have 5K to pay in Dec for Acommodation for our trip to the US in March.

Thanks.

greenbone

176 posts

Master Geek
+1 received by user: 40

#941154 26-Nov-2013 16:25

if only there was a way to transfer a store of value across the internet, instantly and cheaply, without the need for a third party vendor. i guess we can dream

timmmay

20858 posts

Uber Geek
+1 received by user: 5350

Trusted

Lifetime subscriber

#941172 26-Nov-2013 17:18

networkn:
timmmay: The company I used, on recommendation from here, was www.currencyonline.com

I can recommend them, their support, and their service. Takes 2-4 days from memory.

That looks good. I also remembered I have 5K to pay in Dec for Acommodation for our trip to the US in March.

How come you can't use credit card?

networkn

Networkn
32863 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#941185 26-Nov-2013 18:00

timmmay:
networkn:
timmmay: The company I used, on recommendation from here, was www.currencyonline.com

I can recommend them, their support, and their service. Takes 2-4 days from memory.

That looks good. I also remembered I have 5K to pay in Dec for Acommodation for our trip to the US in March.

How come you can't use credit card?

I can, but the recipient charges a fee, the bank charges a fee and the bank rates are 2c per dollar more.

LennonNZ

2459 posts

Uber Geek
+1 received by user: 411

ID Verified

Trusted

#941186 26-Nov-2013 18:08

Buy bitcoins in $ NZ and send him bitcoins and then on his side he sells his bitcoins for $US :-)

Dell

Shop now for Dell laptops and other devices (affiliate link).

freitasm

BDFL - Memuneh
80652 posts

Uber Geek
+1 received by user: 41042

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#941188 26-Nov-2013 18:13

It's not easy to convert bitcoins into currency these days and I don't think a business would feel comfortable. I saw Bitcoin fluctuare from NZ$900 down to $750 and then back up to $1050 in a single day.

Referral links: Quic Broadband (free setup code: R587125ERQ6VE) | Samsung | AliExpress | Wise | Sharesies

Support Geekzone by subscribing (browse ads-free), or making a one-off or recurring donation through PressPatron.

lchiu7

6521 posts

Uber Geek
+1 received by user: 543

Trusted

#941261 26-Nov-2013 20:31

My daughter is studying in the US and of course I am paying here university fees :-(

All I do is get a bank draft in USD from my bank (BankDirect) and irrespective of the amount they charge $21 I think.

I then deposit that money into her account using an Android app from her bank which just has me photograph both sides of the cheque and deposit it electronically. The cheque is usually confirmed as having cleared the next day and there are no charges from the receiving bank. Well it is a credit union so perhaps they don't charge but it works pretty well.

Staying in Wellington. Check out my AirBnB in the Wellington CBD. https://www.airbnb.co.nz/h/wellycbd PM me and mention GZ to get a 15% discount and no AirBnB charges.

BigMal

998 posts

Ultimate Geek
+1 received by user: 160

ID Verified

Trusted

#941297 26-Nov-2013 21:10

When you send an IMT (International Money Transfer) ask for the charges to be OUR instead of BEN. Doing this means you will incur all charges and the recipient will receive the full $5k.

All major NZ banks will allow you to open FCA's (Foreign Currency Accounts) so if you know your upcoming USD costs you can convert you NZD into USD when you feel the rate is good and keep the money in your USD account until it's time to pay.

For the sharpest rates from your bank avoid sending IMT's on weekends or after business hours.

Regs

4066 posts

Uber Geek
+1 received by user: 206

Trusted

Snowflake

#941340 26-Nov-2013 21:55

a lot of american companies take AMEX without surcharges, and if its regular you can build up good membership rewards points :)

ASB bank lets you send $US (or other) even if you dont have a foreign currency account straight from internet banking.

Sales Engineer
Snowflake
www.snowflake.com

about.me/nzregs
Twitter: @nzregs

Kyanar

4089 posts

Uber Geek
+1 received by user: 1684

ID Verified

Trusted

#941376 26-Nov-2013 23:07

Westpac will also let you fire an international money transfer (SWIFT) during business hours (they won't do it out of hours because there's no live exchange rate then).

You can also try American Express Fx International payments - I recall it being 1-2 days, sender incurs all costs (about $15 from memory), and the remote end it's simply deposited via a local intermediary so no receiving fees.

Dell

Shop now for Dell laptops and other devices (affiliate link).

1080p

1332 posts

Uber Geek
+1 received by user: 152
Inactive user

#941542 27-Nov-2013 10:10

What are the fees for just walking into a Western Union and handing them the cash? I thought it would be ~$25 or so, wouldn't it?

airfern

22 posts

Geek
+1 received by user: 1

Trusted

#942438 28-Nov-2013 18:25

hifx.co.nz with 12NZD fee on any transfer, no extra fee on receiving side, takes around 5 days, all online
moneygram.co.nz with varying fee starting at 6NZD, no extra fee on receiving side, takes around 1 day, offline, haven't tried online yet

lchiu7

6521 posts

Uber Geek
+1 received by user: 543

Trusted

#942495 28-Nov-2013 19:43

airfern: hifx.co.nz with 12NZD fee on any transfer, no extra fee on receiving side, takes around 5 days, all online
moneygram.co.nz with varying fee starting at 6NZD, no extra fee on receiving side, takes around 1 day, offline, haven't tried online yet

Just beware that organisations that offer lower fees tend to have poorer exchange rates also.

For example Onesmart charges no fees for ATM usage overseas but when you buy say USD from your NZ wallet the rate is usually lower than their normal sell rate.

Staying in Wellington. Check out my AirBnB in the Wellington CBD. https://www.airbnb.co.nz/h/wellycbd PM me and mention GZ to get a 15% discount and no AirBnB charges.

networkn

Networkn
32863 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#948161 9-Dec-2013 15:38

Interested to know where I might get an idea if the NZ/USD will get to 84-85c by the end of December, how does one get a feel for the likelihood of such a thing?

1 | 2 | 3