Money transfer when moving to AUS
Nov 26th 2015, 8:53 am
#1
Forum Regular
Thread Starter
Joined: Apr 2015
Posts: 57
Money transfer when moving to AUS
Hi all,
As the title suggests, what are the current methods of transferring money when moving from UK to Australia?
Presumably taking a few grand £££ (not millions...yet!) in your pocket is not advisable and I am no big fan of the likes of money gram/western union who convert the currency at their own rate and charge commission etc...
The only other idea that springs to mind is open an off shore bank account in Australia while i am still in UK and do an international transfer from UK to Aus.
Please advise if you know of a better way of doing this?
Cheers!
As the title suggests, what are the current methods of transferring money when moving from UK to Australia?
Presumably taking a few grand £££ (not millions...yet!) in your pocket is not advisable and I am no big fan of the likes of money gram/western union who convert the currency at their own rate and charge commission etc...
The only other idea that springs to mind is open an off shore bank account in Australia while i am still in UK and do an international transfer from UK to Aus.
Please advise if you know of a better way of doing this?
Cheers!
Nov 26th 2015, 9:16 am
#2
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,814
Re: Money transfer when moving to AUS
Hi all,
As the title suggests, what are the current methods of transferring money when moving from UK to Australia?
Presumably taking a few grand £££ (not millions...yet!) in your pocket is not advisable and I am no big fan of the likes of money gram/western union who convert the currency at their own rate and charge commission etc...
The only other idea that springs to mind is open an off shore bank account in Australia while i am still in UK and do an international transfer from UK to Aus.
Please advise if you know of a better way of doing this?
Cheers!
As the title suggests, what are the current methods of transferring money when moving from UK to Australia?
Presumably taking a few grand £££ (not millions...yet!) in your pocket is not advisable and I am no big fan of the likes of money gram/western union who convert the currency at their own rate and charge commission etc...
The only other idea that springs to mind is open an off shore bank account in Australia while i am still in UK and do an international transfer from UK to Aus.
Please advise if you know of a better way of doing this?
Cheers!
Nov 26th 2015, 9:33 am
#3
Forum Regular
Thread Starter
Joined: Apr 2015
Posts: 57
Re: Money transfer when moving to AUS
have a look at Tranzfers - International Money Transfers - Low Fees, Great Rates - Send Money Overseas been using them for years, cheap, easy and efficient.
Nov 27th 2015, 12:23 am
#4
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Joined: Oct 2005
Location: Brisbane, QLD
Posts: 2,046
Re: Money transfer when moving to AUS
As Pollyana suggests use Tranzfers. Leave your UK bank account open (many reasons for this) arrive in Aus, open an account here and then do the transfer online.
Very simple and good rates.
Very simple and good rates.
Feb 10th 2016, 4:19 am
#5
Forum Regular
Joined: Aug 2012
Location: Cambridgeshire
Posts: 78
Re: Money transfer when moving to AUS
We used a company called forex, google them, very good
Feb 11th 2016, 6:43 pm
#6
Forum Regular
Joined: Jun 2010
Location: United Kingdom
Posts: 132
Re: Money transfer when moving to AUS
You can open an Australian HSBC Account when in the UK. If you have a HSBC Advance account you can then transfer money between AU and UK accounts for free. The online banking for both accounts is also link in the same portal to make it easy.
