S Shelby219 Registered User Messages 109 21 Mar 2019 #1 My daughter wants to send me money from New Zealand ,is it cheaper for her to transfer the money directly to my account or get a bank draft and post it to me , I'm not sure if we both get charged for a transfer?
My daughter wants to send me money from New Zealand ,is it cheaper for her to transfer the money directly to my account or get a bank draft and post it to me , I'm not sure if we both get charged for a transfer?
L Lightning Registered User Messages 5,504 21 Mar 2019 #2 Is the transfer NZD to EUR? The cheapest way is to use an online currently broker such as Currency Fair. If the amount is small, you night be best just doing a wire transfer but you will probably pay a high FX fee. There is normally no charge for an incoming transfer. (Apart from FX fees). Bank draft is the worst option.
Is the transfer NZD to EUR? The cheapest way is to use an online currently broker such as Currency Fair. If the amount is small, you night be best just doing a wire transfer but you will probably pay a high FX fee. There is normally no charge for an incoming transfer. (Apart from FX fees). Bank draft is the worst option.
S Shelby219 Registered User Messages 109 21 Mar 2019 #3 It would be from NZ dollars to Euro around 2000euro
L Lightning Registered User Messages 5,504 21 Mar 2019 #4 The simplest thing is to get your daughter to wire the money online. You will pay a FX margin.