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Money conversion
Topic Started: Jul 5 2011, 08:21:48 PM (408 Views)
ohippy
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Original Opulent Optimist

Does anyone know the best way transfer money from an Australian bank account to a Uk one ?
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BIX
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Boner-fide Bonza Bloke

ohippy
Jul 5 2011, 08:21:48 PM
Does anyone know the best way transfer money from an Australian bank account to a Uk one ?
It's a while since we did it but we have transferred money both to and from Aus.

We used Ozforex and Tranzfers who are the same company.

I think Ozforex was for amounts above $2000 and Tranzfers less than $2000.

They were always competitive and at the times I did transfers I remember they were the cheapest I could find.

You do need to set up an account with them in advance due to money laundering regulations but they are pretty quick doing that.
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Anne
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Wonderful Winsome Wench

Depends what sort of amounts you are talking. If I am sending money to Gemma for birthday pressies or anything like that, I use paypal.
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ohippy
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Original Opulent Optimist

Ozforex..... they're the ones I used to come over, well the Uk version anyway. Very competitive, thanks
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ABCDiamond
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I've been trying to work out which of the many options is best for a friend, very recently, and I have to admit I am now totally confused.

Some are fee free, some have a higher rate margin than others, some are... I gave up.

Ozforex and Tranzfers are quite easy ... :)
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ohippy
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Original Opulent Optimist

Ozforex was a doddle and I paid a $15 flat fee but still came out with more GBP than if I'd converted elsewhere with no fee. Mind you, when I was talking to them it came out that I'd transferred our cash with UKforex when we migrated and suddenly my rate improved !!
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BIX
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Boner-fide Bonza Bloke

Good stuff. :thumbsup:
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