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  • 1 Post By eastwest102
  • 1 Post By traineeinvestor

Cheapest remit of NZD from HK to NZ without conversion?

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  1. #1

    Join Date
    May 2015
    Posts
    30

    Cheapest remit of NZD from HK to NZ without conversion?

    I bought $NZD while it was low, converting with Interactive Brokers and now I need to send it to New Zealand.

    How can I do that bearing in mind that I've already converted the currency?

    I have access to Citibank HK, Hangseng and a bunch of remit companies but they all want me to convert the funds in the process.


  2. #2

    Join Date
    Apr 2009
    Posts
    1

    Send the funds out directly via wire transfer from IB? Your Kiwi bank is going to hit you with a SWIFT fee but other than that, I think there's no IB fee for the first wire of the month...

    jago25_98 likes this.

  3. #3

    Join Date
    Dec 2018
    Posts
    703

    I can confirm what eastwest102 said - the banks in NZ will charge a fee for receiving the money.

    Also, there's usually a 1 working day delay between the money leaving your account in HK and being credited to your account in NZ due to the time zone difference (5 hours at the moment).

    Unfortunately, not too many good investment opportunities in NZ at the moment.

    jago25_98 likes this.