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New Zealander of the year Sir Paul Callaghan has come up with an interesting way to try and help with the relief effort in the wakeof the Christchurch Quake. We here at OrbitRemit are behind this proposal and have undertaken to make all student loan repayments free of charge. Read the full article below and visit our site for full details on how to make payments.
The lead up to Christmas can be a very expensive time and like everyone else we like to make savings where we can. We have had a lot of very positive feedback from customers of late in regard to the service that we are now offering to help people make payments to New Zealand for outstanding tax bills and student loans.
We are currently offering theses services free of charge in a bid to help making those payments a little less difficult. Our customers cannot believe the savings they can make using our service as opposed to the banks or high street money transfer companies. We have had numerous calls and emails from students abroad thanking us for making the process so simple and cost effective compared to the tradtional channels they have been using.
If making a tax payment, or student loan payment is one of the things on your long to-do list before Christmas please visit our site and see how you can make some significant savings. For full information visit http://www.orbitremit.com/global/orbitremit-payment-options/send-money-to-new-zealand/tax-account-student-loan and then select the country you are in.
For all those of you have used us and sent us positive feedback we tahnk you and look forward to continuing to exceed your expectations.
The team at OrbitRemit.
We recently spoke with a customer who was wishing to make a significant payment towards their New Zealand student loan from Australia. The individual in question was shocked at the amount they had previously been charged by their bank and could not believe the sort of savings we could offer towards their payment. To give you an idea of the charges levied by the bank and the savings offered by OrbitRemit see the example below;
Fees;
With bank: Customer sent NZD$7,000 through a credit card payment. Customer was charged AUD$161.87 by Commonwealth Bank as a currency conversion fee.
With OrbitRemit: OrbitRemit will provide your student loan payment for zero fees. The amount you see on our site to pay in AUD$ is the amount you pay and the amount received by IRD in NZD$ is the amount you see. The process is completely transparent and without fees.
Exchange Rates;
With bank: Based on the day the customer transferred the money she would have needed to pay AUD $5,701.72 to receive NZD$7,000 with Commonwealth Bank.
With OrbitRemit: To receive the same NZD$7,000 with OrbitRemit the customer only needed to send AUD $5,588.82
If you consider the saving from the fees of AUD $161.87 plus the savings on the exchange rate offered of AUD $112.90 then the total that this customer was able to save using OrbitRemit to make this payment was AUD$274.77. If you consider this as a percentage it is just under four percent of the total sent.
Here at OrbitRemit we dont think it is fair that hardworking people trying to make payments towards there loans should be charged such high fees and given such low exchange rates. We are committed to working with the Inland Revenue Department in providing the most cost effective way to make payments towards New Zealand student loans.
For more information please visit our site at www.orbitremit.com and select the country you are in.
OrbitRemit is now able to assist anyone living in the UK or Australia to make child support payments back to IRD New Zealand.
You are now able to link straight to OrbitRemit through the IRD website.
http://www.ird.govt.nz/makepayment/internet-banking/internet-banking-index.html
As a sign of our commitment to work with the IRD to make these payments as easy and cost effective as possible we will be making all child support payments from these countries for free. This means as a sender the amount you send is the amount that will be received by the IRD, there are no hidden costs.
Compare this with large fees levied by the banks in both the UK and Australia and also the difficulty in confirming rates and it all points to a a very user friendy, cost effective option.
Should you have any questions about how to make child suppport payments through OrbitRemit please visit our sits at https://www.orbitremit.com/global and choose the country where you are sending from.
As well as offering all new customers their first money transfer free of charge OrbitRemit also rewards those who refer friends and family to us. We offer all existing customers ongoing loyalty points for every payment made and extra points for all new customers who you refer that register with us.
These loyalty points are accumulated and count towards free payments to allow you to send money with no fees.
At OrbitRemit we pride ourselves on our level of customer service and only ever being a quick phone call or email away. Here are a couple of recent testimonials from our customers;
“I would score your Customer Service as 10/10.
My whole working career was with customer service and I appreciate when I receive the standard of care I tried to give my customers.
Many thanks,
John (UK)
“Your service is absolutely wonderful. Now I know that I can easily send money back home and I am confident because I can always check the status through my account. It is really great. I will refer your service to my friends.”
Jean (New Zealand)
Further on from our last post about the Reserve Bank anouncement in New Zealand and the dollar has hit close to a five month low against the Aussie dollar. This comes largely on the bank of the Reserve banks statement, which inclinated that there will be no interest rate rises before the years end. By comparison the Reserve Bank of Australia noted that rates are likely to increase, largely driven by the mining sector, in an attempt to combat inflation.
With unemployment figures sitting at a very low 5% in Australia it is likely that interest rates will rise throughout the year. With the Aussie dollar riding so high, its a great time to send some money back to New Zealand. Both the Aussie and Kiwi dollar made ground against Sterling last week.
Here at OrbitRemit we have just extended our free payment offer so any new customers registering to use our service will receive their first payment free of charge. Please visit www.orbitremit.com and selcet the country you are in for full information.
It seems that student loan debt and overseas borrowers in particular are really in the sights of the government at the moment;
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10670936
We remind you again that if you need to make a re-payment towards your outstanding New Zealand student loan debt we can help you to make the payment free of charge. Here at OrbitRemit we charge no transaction fee and offer rates superior to the banks. Please visit our site at https://www.orbitremit.com/uk/orbitremit-payment-options/send-money-to-new-zealand/tax-account-student-loan for more information.
The Australian Dollar pushed forward towards a four month high in Asia on the back of unemploment data released today. The unemploment rate was down to 5.1% with the economy adding a further 30,900 jobs in August.
This has also weighed in with AUD looking strong against GBP. It would appear to be a very good time for anyone needing to send funds to the UK to avail of the current highs.
We invite all new customers to register with OrbitRemit to send funds to the UK and to do it for free with all new customers receiving a special introductory offer of a first payment for free.
Please visit www.orbitremit.com and select the country you are in for further information
Came across an interesting article published in New Zealand last week. It would appear that the government is becoming increasingly keen to try and actively re-coup some of the 11 Billion dollars currently outstanding as student loans. Whether we here at OrbitRemit agree or disagree with them targetting overseas borrowers is beside the point we are simply here to try and make it as easy and economical as possible to make payments to your loans from overseas. All new customers who make a pament towards their student loan through OrbitRemit will be able to do so for free until the end of October.
We realise how hard it is to make these payments and this is our way of trying to alleviate some of the headache and financial pain of doing so. Based on the article below it would appear that the tactic of simply ignoring the student loan is going to be fraught with more and more ramifications upon returning to New Zealand.
If after reading that you think you might want to make a payment towards your loan please visit our site for more information on how to make a free payment through OrbitRemit.
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Australian Dollar hits parity with the US
Monday, October 18th, 2010The Australian dollar hit parity with the US for the first time since it was floated in 1983. This came on the back of the US Federal Resrve announcing that they will continue with their quantitative easing program in November.
Sterling was down this morning towards levels close to the lows of last week against the Australian dollar. Last week saw a low of 1.60390 with an average of 1.61624.
Against NZD Sterling traded in a farily tight range last week with an average 2.10626.
With no significant data out today we would expect trading to be fairly soft. For those of you needing to send funds from New Zealand or Australia this is a great time to do so and remember that your first payment with OrbitRemit is free of charge.
Visit us at www.orbitremit.com for up to date rates and more information.
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Tags: Australia, australian dollar, charge, easing, great time, information, lows, New Zealand, nzd, OrbitRemit, parity, payment, quantitative easing, range, rate, Resrve, Sterling, US
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