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Money Matters

 
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Sun May 10, 2009 8:28 am    Post subject: Money Matters Reply with quote

Just a thought - we aim to send some money to the UK each month to keep things ticking over here - and hopefully save a little!!! Are there any laws/limits to how much you can send home/take out of the country - and bring into the country for that matter? We will probably bring some dollars with us - is there a limit?
Also, is the hotel where we will be staying at first well equipped - I believe it will be self catering?
Thanks in advance for anything you can tell me. Laughing
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Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Sun May 10, 2009 10:45 am    Post subject: Reply with quote

What country are you sending from?

Use Lloyds online and save money (in Japan anyway).
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celtica



Joined: 29 Jun 2008
Posts: 137

PostPosted: Tue May 12, 2009 11:08 am    Post subject: Reply with quote

Each time you send money it costs around $40 per transfer......

What hotel are you going into?
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Wed May 13, 2009 2:26 pm    Post subject: Hotel Details Reply with quote

Not sure which hotel we will be at! CfBT in Brunei - do they use lots or just one or two? We are a family of four so will this affect the hotel choice? Can anyone advise which hotel?
Thanks
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Fri May 29, 2009 7:00 pm    Post subject: Money Transfers Reply with quote

Been thinking about money (who isn't?) and wondered if it costs $40 every time I want to send money home or can I set up a standing order from my Brunei HSBC account to my UK HSBC account? Would this cost as much or is this a cheaper/more efficient possibility? Thanks
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lacsap



Joined: 01 Apr 2007
Posts: 38
Location: South East Asia

PostPosted: Sat May 30, 2009 1:38 pm    Post subject: Reply with quote

It's only $40 if you go into the bank and ask them to send a telegraphic transfer or issue a demand draft. If you do it through the internet from HSBC Brunei to HSBC UK it costs $10 and you can set up an automatic regular payment then you don't need to think about it at all. Really, it's very easy.
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celtica



Joined: 29 Jun 2008
Posts: 137

PostPosted: Sat May 30, 2009 4:03 pm    Post subject: Reply with quote

It costs $10-15 this end but there are also costs at the other end...around $25...internet banking...
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Sat Jun 06, 2009 6:20 pm    Post subject: Currency Confusion! Reply with quote

Been to order some currency and the lady in the post office told me there was no such currency as Brunei dollars - has it got another name? Am I living in a parrallel world????? Or is it me? Have I missed something? Seems like a daft question now I've posted it but I wonder if anyone can clarify?
Thansk in advance
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celtica



Joined: 29 Jun 2008
Posts: 137

PostPosted: Mon Jun 08, 2009 12:34 pm    Post subject: Reply with quote

There is , but its a controlled currency - cannot buy it outside Brunei. Get Singapore dollars instead. Singapore accepted here as Brunei currency $ for $. Make sure you get no torn or damaged notes ...shops and banks won't take them. You can change on arrival at the airport also.
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Wed Jun 10, 2009 1:53 pm    Post subject: Thank you Reply with quote

Cheers for the info - I had thought I was losing my marbles!!!
Will get a few Sinapore dollars and then wait until we arrive to change teh rest.
Really appreciate all the advice etc - thank you Laughing
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gajackson1



Joined: 28 Jan 2008
Posts: 210

PostPosted: Mon Jun 15, 2009 1:31 am    Post subject: Reply with quote

Singapore dollars will get you started just fine, and since it sounds like you have HSBC atm cards anyhoo, those should do here, as well (I think there are more HSBC machines scattered about than I see S&C ones, too).

I'm not sure if CfBT greets you all at the airport with a driver, etc., but be forewarned in any case: taxis are NOT ripoff artists here . . . but the service is very expensive. They are polite, good drivers - just not many of them, and they charge a lot in relation to the car & fuel costs.

Sounds like everything is coming along for you all! Good job!
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Javaggall



Joined: 07 Mar 2009
Posts: 41
Location: Tees Valley, UK

PostPosted: Tue Jun 16, 2009 1:06 pm    Post subject: Thank you Reply with quote

Thanks for your advice - I am under the impression that we will be met at the airport with a car - anyone out there who can confirm this???
We have HSBC account in UK and will open another once settled and sorted in Bruei.

All coming along really well - still a little nervous but I think that helps - I'm being ultra organised!!

Looking forward to meeting you all and really appreciate the advice given.

Can anyone also confirm if CfBT pay wages one month in arears? And is this one month after your contracted start date? Cheers
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jsteventon



Joined: 08 Jul 2007
Posts: 191

PostPosted: Wed Jun 17, 2009 12:34 am    Post subject: Arrival in Brunei Reply with quote

Hi

When you arrive in Brunei you will be met at the airport by CfBT and taken to your hotel where you will be given your hire car.

Salary is paid at the end of each month,but new teachers are given a settling in allowance, which I think aims to tide them over until the first salary.

The orientation is very helpful and everything will soon fall into place....

Have a good flight!
JS
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