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| Help needed transferring money | |
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| Tweet Topic Started: May 13 2006, 08:22:03 PM (241 Views) | |
| Ange | May 13 2006, 08:22:03 PM Post #1 |
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:huh: I'm sure this question must have been asked a thousand times but I need help. We are thinking of opening a HSBC Bank account whilst we are still here in the UK, but I'm probably being really think here but do we also have to use a currency exchange company to transfer the large amount of money we should have from the sale of the house, car, and a van. OR can we just used the HSBC. Help I've spent the last 6 months stressing about a medical, and visa, now we've got it. I'm going to spend the next 6 months stressing about the finer details of moving to another. Oh help with the following would be useful as well, where to look for Carpenter/Joiner jobs and does OH have to get a license like the plumbers and electricans seem to have to do. HELP I'm going mad, I'm a born worry as it is. Thanks in anticipation of all the help I no will come my way. Ange x x |
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| marco121068 | May 13 2006, 09:25:27 PM Post #2 |
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Huggable Hunky Humorist
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At the end of the day it's a personal choice. It all depends on what overall rate (including any costs) the HSBC give you when compared to currency brokers. So for example HSBC charge £50 but give you a slightly higher rate then you need to take into account how many AUD's you get for your £'s. |
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BIX
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May 13 2006, 10:46:18 PM Post #3 |
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Boner-fide Bonza Bloke
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Ange, if you decide a broker is the way then they come no better than this one http://www.ozforex.com.au/ |
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| manxfamily | May 14 2006, 01:44:29 AM Post #4 |
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Mad Manx Marvel
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We use HIFX.co.uk very good service. I recommend. |
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| ABCDiamond | May 14 2006, 11:23:23 AM Post #5 |
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If you are ging to use HSBC, talk to your branch manager direct, and explain that you want the BEST rate. I did that when I moved my money. They charged £10, and gave me a rate very close to the Interbank rate. Just 0.68% different. Eg: at todays rates that would be: Interbank Rate 2.45230 less 0.68% would equal 2.4356 The Interbank rate is a rate where there is no profit margin for banks Interbank rate +1% currently equals: You buy 1 British Pound : 2.477 Australian Dollar You sell 1 British Pound : 2.424 Australian Dollar And the bank makes the difference as profit, 5.3 cents in the dollar. The normal cash rate is quoted +4%, and the normal credit card rate is quoted at +2%. |
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10:54 AM Jul 11