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Money to NZ

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bricro | 09:45 Mon 23rd Feb 2009 | Personal Finance
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I am looking for a no risk way of sending a substantial sum of money to NZ and not too expensive!.

Can UK residents send sterling cheques and if possible, are there any snags?

Many thanks,

Bricro.
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We received a sum of money from family in Italy through the bank. It worked pretty well and was not to expensive. The only problem we had is received about �1000 less due to the variation in exchange rate. I reccomend you send it as NZ currency through the bank as your receiver then knows exactly what they should receive.
You can send a sterling cheque but it will cost the recipient a bomb in fees to negotiate it - not to mention it will take an age. And your own bank may decide it's something they could charge you for as well.

You can buy an $NZ cheque from your bank for a fixed fee of around �20 or send it electronically for not much more.
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Much obliged both for your assistance,
kind regards.
Bricro

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