Scoult

Hello fellow BE members!

Anyone know of a good company with good rates that can transfer money from my UK bank account to my Oz one? And the time it takes? Thanks for your help!! As I need it for a home deposit!!!!

Pollyana

www.tranzfers.com

Usually takes about 3 days, costs $15 or £7 depending on which way the money is going!!

Scoult

thanks for that you are a star!

Pollyana

They are quick and very easy to use, been transferring cash both ways with them for years now If there are problems, which is very unusual, they are very good at fixing things quickly too.

paddyo

I use Tranzfers all the time but thats from Oz to UK. If I have to transfer from UK to Oz I actually use my UK bank (Halifax) which does it within 24 hrs and costs 9 quid I think. Tranzfers usually takes about 3 working days.

comet555

We used Ozforex. Very easy to set up and we got a great rate. The first time we moved money over to buy a car and we used the bank, which was a mistake as it took a surprisingly long time (a week) and the rate was crap.

When it came to the house money we used Ozforex and they were brilliant. Very quick and easy plus the rate was so much better than the bank. I have used them a few times since them and am about to use them again soon! The minimum amount to transfer with them is about $2000 dollars (in AU funds).

If you do a search on this board you'll find lots of discussion on either Ozforex or Transferz. I might be wrong but I thought most people use Transferz for smaller amounts, which is really useful for regular payments for bills, etc.

Julian927

I would definitely recommend UKForex (OZForex in the UK). Once you are registered with them it is very easy to transfer funds and at a much better rate than the banks.
Ian

darrellandsarah

we are in the process of moving money over.we used ozforex who are good.
1 problem we have had was with our uk bank releasing the money.we have 115,000gbp and they blocked the transfer.something to do with money laundering protection.we had to write a letter to the bank with copies of our passports as proof to get them to release the funds which put us back 2 weeks.
another good company is torfx

Alfresco

I'll be transferring money from South Africa to Oz soon and will be using

https://exchange4free.co.uk/en

If that pans out well costs wise, I may use them too for UK money to Oz.

Although I have registered and tested OzForex/UkForex which worked pretty well.

Alfresco

Good point! I will remember to inform my bank beforehand so this delay does not occur.

Thanks.

darrellandsarah

no worries.llyodds tsb rang me last night to say they were transfering the funds and to check they had the right ozforex account numbers.checked our aussie account today and its here already.less than 24hrsnow we can start the new house build

Alfresco

Yeah I'm with Lloyds too. I'll give them plenty of notice of my intentions to move the money.

Sherlock Holmes

I can definitely recommend Tranzfers (for under $2,000.00) and OzForex for more. There are part of the same company which I believe I'm right in saying is part of Macquarie Bank. I have been getting my pension sent over every month for the last 4 years without a hitch.

EvannTel

I use HiFx for big amounts. Ozforex fir small

Happy with both on every front

wilson01

Hi, I'm just wondering if these companies charge you a commission rate for doing this for you or a one off payment. I'm about to transfer our money through Halo Financial and they have told me I have to set up a bank account with ANZ before they can do the transfer. I can't find anywhere where it says you need to pay for this service and just wondering if anyone knows

Thanks