- Posted by Joe Campbell on December 7, 2018 in Global Money Transfer
All money transfers are processed for a fee – whether they are hidden or not. To be clear, the remittance costs have certainly dropped considerably since fintech companies such as OrbitRemit appeared on the scene
However, they have not yet managed to discover a way to facilitate remittance payments for free. Banks charge about 5% – 10% in transfer and FX costs and independent remittance companies usually perform them for about 1% of the total transfer value. Remittance costs have come down but now fees are often charged to the customer in non-apparent ways. Although it is not important to understand how your transfer is processed, it is important to understand the actual ‘conversion rate’ which is the amount received divided by the amount sent and its comparison to the interbank rate.
- Posted by Joe Campbell on December 2, 2018 in Banking Global Money Transfer
International money transfer, the process of transferring money overseas – has a language of its own. This article will help you decode the financial garble in order to make your global remittance easier
There are plenty of things to think about if you’re transferring money overseas. The most useful thing you can do is become familiar with the jargon you’re likely to hear, so here are the key international money transfer phrases and acronyms, decoded.
- Posted by Joe Campbell on November 22, 2018 in Travel
By Kirsty Lamont, Money Expert at Mozo
From handcrafting soy candles to designing clothing from scratch, starting a small business online has never been easier. But whether you’re just starting out or have got the local market cornered, any business owner should always be planning their next step.
With online shopping booming around the world, you might be thinking it’s time you took your side hustle global. But before you break down borders, there are a few things to get on top of to help prevent a financial disaster and make your online business a success.
- Posted by Joe Campbell on November 20, 2018 in Global Money Transfer
When I was 19 and I was thinking about selling some shares to travel overseas, I called my father’s stockbroker and asked him, ‘So when’s the best time to sell my shares?’ He simply said: ‘When you need the money.’
I sold the shares and almost immediately afterwards the stock price almost doubled in price. I still regard this conversation to be some of the best personal financial advice I ever received. In 2000, the Dot.com bubble burst and those shares went to zero as the company went bust.
- Posted by Joe Campbell on October 24, 2018 in Global Economies
Question: What do currencies say about an economy? Well that’s a trick question because the answer is everything and nothing at all
See, in today’s trading markets a currency means nothing unless it’s compared against another national currency (or perhaps the price of gold). When you compare a currency against another currency, not only can it be a potential indicator of economic strength relative to other economies, but it can also tell you the general global financial mood, the appetite for risk, the stage of economic cycle – both domestic and global, about the state of inflationary pressures and about other macroeconomic and environmental forces.
- Posted by Joe Campbell on April 23, 2018 in Travel Uncategorized
You might have heard of Australian New Zealand Army Corps (ANZAC) Day, which is coming up on the 25th of April. It’s not just an excuse to eat oatey, golden-syrup biscuits though. In this article we’re going to give you a bit of a background into what ANZAC Day is all about.
- Posted by Joe Campbell on March 18, 2018 in Students Travel
We’ve been there. Borrowing money for study is all fun-and-games until it comes time to paying it back! We’re here to give you a bit of a briefing on paying back your student loans. Plus, we’ll tell you how we can help.
- Posted by Joe Campbell on February 12, 2018 in Travel
Moving to distant lands, whether for work or to seek adventure, can be one of life’s most exciting experiences. However, there’s no denying it can also be stressful at times. So, how can you ease the discomfort of the move so you can make the most of the experience?
- Posted by Joe Campbell on January 14, 2018 in Technology
Happy New Year! 2017 was a great year for FinTech (Financial Technology), but we have a sneaky feeling that 2018 is going to be even bigger and better. Here are just a few things you can expect from the industry in the year ahead.
- Posted by Joe Campbell on December 13, 2017 in Travel
It’s December now, so you’re probably hearing Christmas carols every time you walk down the street. Yes – it’s nearly the end of the year, so before we get there, we thought we’d look at some Kiwi Christmas traditions to get you in the Christmas spirit for the 25th of December!
The Christmas spirit is embraced by most Kiwi families. You might notice it in your workplace, around the shop front windows and on T.V and the radio. Some people love it more than others too. Often there will be that one person in the office that will wear their Santa hat every single day during December, even if it’s 25 degrees outside! Kiwis REALLY like getting festive. There are some essential Kiwi Christmas Traditions that you need to know about.