Saturday, August 2, 2008

How to get started with NZForex Foreign Exchange

Get Started
Select the appropriate link below for information about how NZForex can help you with your specific foreign exchange needs.
Foreign exchange for business General Exporters Importers
Foreign exchange for individuals General Overseas Purchase Living Overseas/Expatriates Migration Investments/Pensions
How do I transfer funds with NZForex?Dealing with us is simple. You register on the website and then log in. When logged in you can get quotes, add beneficiary details and book deals/funds transfers. After you register, an NZForex representative will call you to discuss your transfer(s) and make sure the system is set up correctly for your needs. You will also be able to ask any questions you may have about the service and process at this time. You can lock in rates prior to us having your funds for currencies if we can receive funds overnight or you leave a small deposit. If it will take longer for funds to reach us, it is better to send the funds to us prior to booking the exchange rate. Once we have the funds, you will be advised and can then lock in the exchange rate. Please note we do not support transfers in Indian Rupees, Indonesian Rupiah, Phillipine Peso, Thai Baht, Pakastini Rupee, Iraqi Dinar (and a number of other currencies) at this stage.
Benefits of using NZForex
No bank queuesOne of the great things about our service is that you can complete an international transfer without leaving your office or home. We give you a variety of ways to get your funds to us so we can send the international transfer as quickly as possible.
Unbeatable rates & low fees ? Yes please!Not only do we take the hassle out of your international transfers but we do it with low (or often no!) fees. We charge a maximum fee of NZ$ 15 for payments, and will waive the fee altogether on transactions that exceed NZ$ 10,000 per beneficiary. Click here for more details on fees.
Exchange rates - a simple guarantee. We will not be beaten!There is no need to shop around, our rates will be good straight up.
Security of your moneyThe safety of your money is an important consideration when deciding which provider you use to send money internationally.NZForex is a brand of OzForex Pty Ltd, a leading Australian foreign exchange provider. When dealing through NZForex you are transacting with OzForex. OzForex holds an Australian Financial Services Licence (AFSL) issued by ASIC to deal in foreign exchange. This licence can be viewed by following this link to the ASIC website: (AFS Licence number 226 484)OzForex offers a safe and regulated alternative to the banks for transferring funds. Our business effectively transits money from customer to beneficiary via leading financial institutions. We do not pay out client transfers until clients have paid OzForex which means we have no settlement risk on transfers. As we do not carry any overnight market risk, unlike some other providers, we do not suffer losses resulting from exchange rate movements and so you can feel comfortable that your transfer will reach the recipient on time, every time. Your funds are held in accounts with major financial institutions and are only released once your outward payment has been sent. OzForex is a trusted provider to thousands of customers world-wide who have enjoyed the benefits of excellent rates and low fees without compromising on service.Foreign exchange dealing is regulated in Australia by the Australian Securities and Investment Commission and companies providing services to deal in foreign exchange should be able to show they hold an Australian Financial Serviced Licence. You should not deal with a foreign exchange provider that cannot demonstrate in writing that they are regulated.Recent changes to the regulatory environment have seen foreign exchange regulation brought under the Financial Services Reform Act (FSR) administered by ASIC. Financial Service Reform was enacted to increase regulatory protection for consumers purchasing or being advised about financial products.You can visit the ASIC website to learn more about the regulatory environment in Australia and what it means for your protection and consumer rights.

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